Bankruptcy Blogs

Sandy's Destruction Inspires Deep Thoughts About Bank Risk Management, Economics

10/30/12

Receiving Wide Coverage ...

'Water, Fire, Darkness': Hurricane Sandy is wreaking havoc on the East Coast. Streets are flooded, millions are without power, dozens of homes have been destroyed by a fire and a nuclear plant in New Jersey is on, well, low-to-medium alert. The New York Stock Exchange will be closed for a second straight day Tuesday, a decision that the Journal says is raising questions about the market's disaster preparedness. NYSE and other exchange...

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The Daily Docket: A123 Seeks to Tap Wanxiang Finanacing

10/30/12

A123 Systems Inc., the electric-car battery maker that recently filed for bankruptcy, is seeking emergency approval to tap a $50 million loan provided by a Chinese auto-parts maker to fund its Chapter 11 case pending an auction of the clean energy firm. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Has OCC's Ability to Monitor Interest Rate Risk Been Compromised?

10/30/12

After absorbing the OTS, the OCC abandoned a comprehensive and sophisticated approach to monitoring interest rate risk.

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In Case of First Impression in Eleventh Circuit, Bankruptcy Court Holds That Overpayment of Domestic Support Obligation Is Entitled to Priority Status

10/30/12

In a case of first impression in the Northern District of Georgia, and perhaps the Eleventh Circuit, the Court held that a claim for the overpayment of a domestic support obligation was entitled to priority status under 11 USC § 507(a)(1)(A). 

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After Bankruptcy: Why did Bank of America Forgive My Second Mortgage?

10/29/12

Lots of people, in current or recent bankruptcy, are getting letters from Bank of America forgiving their second mortgages.

What’s going on?

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Hold On, Convenience Just May Lead Consumers to Mobile-Pay

10/29/12

Two shopping experiences and a well-timed commercial from Isis indicate tapping a payment-capable phone against a reader may, in fact, be so much easier than swiping a plastic card ... so long as merchants have complete buy-in.

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Why It's Tough for Bankers to Innovate: They're Left-Brained

10/29/12

Learning to tap into the more creative right hemisphere of my brain enabled me to think in a unique manner about both the problems and opportunities facing my bank.

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Bankruptcy Tweets of 2011-2012 Cases - A Year in Review - V.9

10/29/12

Here's more in the continuing "Year in Review" series.  The inset photo is of the Senator Thad Cochran United States Bankruptcy Court in Aberdeen, Mississippi (pictures and story

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