Bankruptcy Blogs

To Get Results, Regulators Should Target Bankers' Wallets

11/16/12

Reintroduce an element of personal liability for highly paid senior bank executives, phase out the implicit government guarantee of senior creditors' claims at large banks and increase focus on board governance to ensure better aligned incentives.

[more]

The Broke and the Beautiful: CSI Edition

11/16/12

This week on The Broke and the Beautiful, actor Gary Dourdan is in bankruptcy, and Toni Braxton’s mansion is for sale. Also, prosecutors want Lenny “Nails” Dykstra to serve more time in the prison dugout.

[more]

Skip the Chaos and Do a Black Friday Spending Fast on November 23, 2012

11/16/12

Perhaps you'll recall that a few years ago on black Friday (the day after thanksgiving), overzealous shoppers trampled a seasonal Wal-Mart worker (meaning a guy who did not even have a regularWal-Mart Job) to death. This is what happens when rampant consumerism meets pack mentality.

[more]

The Daily Docket: Hostess to Liquidate

11/16/12
Reuters

Hostess Brands Inc., the maker of iconic treats such as Twinkies and traditional pantry staple Wonder Bread, said Friday it is shuttering its plants and will seek to liquidate the 82-year-old business.

[more]

'Extreme' Stress Tests; Ugly FHA Audit; Et Tu, Michael Corbat?

11/16/12

Receiving Wide Coverage ...

Stress Tests: The Fed released the scenarios for the next round of modeling exercises mandated by Dodd-Frank for 30 or so large banks. The hypothetical economic shocks this time include a sharp slowdown in China. An industry lobbyist tells the Journal that these theoretical stressors are "the most extreme to date." But Times columnist Peter Eavis wonders why 1970s-style runaway inflation isn't considered in the stress tests. Remote as that scenario may...

[more]

Dead Frogs and Other Unintended Consequences

11/16/12

If regulators continue to sting banks with overzealous enforcement actions and ill-conceived policies, they, like the scorpion in Aesop's fable, could find themselves up the creek without a frog or paddle.

[more]

How To Avoid HOA Dues And Other House Expenses After Filing Bankruptcy

11/15/12

As mentioned in prior blog posts, some Chapter 7 bankruptcy debtors who intend to surrender and move out of their upside down homes are incurring personal liability for home related expenses incurred after their bankruptcy filing.

[more]

Peregrine Auction: Wine, Cars, Meat Slicers! Everything Must Go!

11/15/12
Rick Chase/Associated Press
This Monday, April 4, 2011, file photo shows Russell Wasendorf Sr.
[more]

Post-Employment Restrictions for Bank Examiners Are Tough Enough

11/15/12

Sheila Bair may advocate a lifelong commitment for examiners, but given existing rules, the fears of potential conflicts of interest should be more hypothetical than real.

[more]

The Daily Docket: Hostess to Liquidate if Strikes Continue

11/15/12
Associated Press

Hostess Brands Inc. announced Wednesday that it would move to liquidate its iconic baking business if striking union members didn’t return to work by Thursday evening.

[more]