Bankruptcy Blogs

Banks are beginning to use considerable discretion in deciding what constitutes an illegal act and sometimes even an immoral act. Freeze the funds first - ask questions later.

Receiving Wide Coverage ...

More on Mary Jo White: The papers scrutinize the financial disclosures of Obama's nominee to lead the SEC. Among other things, they reveal how much she and her husband have made at their respective white-shoe law firms (at least $16 million combined) and the couple's plan to avoid conflicts of interest if she's confirmed (he'd convert his partnership in Cravath, Swaine & Moore to a nonequity one and recuse himself from dealing...

The Great Recession taught businesses some valuable lessons, but restructuring experts don’t think companies learned enough about changing their corporate governance practices, according to a new survey.

In its 2013 Outlook Survey of restructuring experts, advisory firm AlixPartners said slightly less than half of the 98 professionals questioned believe corporate governance is better now than it was before the recession.

A cashless society is all well and good. But without the option of private, untraceable payments, life would become unbearable and institutions like marriage and religion could suffer.

Bahrain’s Arcapita Bank is proposing to wind down and sell all of its assets as the Bahrain-based investment firm tries to emerge from bankruptcy protection in the U.S. Read The Wall Street Journal reports.