Bankruptcy Blogs

Mexican bakery giant Grupo Bimbo SAB de CV is challenging a $30 million bid from one of its biggest rivals for Hostess Brands Inc.’s Beefsteak rye brand. Read the Daily Bankruptcy Review article here. Here’s a WSJ video discussion on the bidding process and the company’s clash with unions.

Receiving Wide Coverage ...

More on JPMorgan Layoffs: According to a story in the Post, the more than 10,000 job cuts the bank announced this week speak volumes about JPMorgan's views on the housing market, good and bad. On the bright side, "foreclosures at the bank have tumbled … which is why most of the employees receiving pink slips are those that were hired to handle mortgage defaults." But JPMorgan is also cutting jobs in mortgage...

Now, with an ATM that directly converts paper cash to bitcoin anonymously, the interaction is with a machine rather than another human. No more face-to-face meetings, no more counterparty risk.

I. Pursuant to Administrative Order 13-01, the Bankruptcy Court for the Southern District of Florida has implemented a "Loss Mitigation Mediation" (LMM) program. The goal of LMM is to "facilitate communication and exchange of information in a confidential setting and encourage the parties to finalize a fesible and beneficial agreement with the assistance and supervision of the United State Bankruptcy Court."