Bankruptcy Blogs

A New Job for Risk Managers: Driving Profits

05/31/12

Many banks are now requiring risk managers to take into consideration how much capital is available for lending and what the return will be.

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Bankruptcy in Michigan: What You Need To Know

05/31/12

Filing Bankruptcy in Michigan: an Overview Michigan bankruptcy courts are divided into two districts: the Eastern District and the Western District. The Eastern District of Michigan bankruptcy court is further divided into divisions. Bay City, Detroit and Flint all have a bankruptcy court to serve local debtors. Similarly, on the west side of the state, [...]

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Another Brush-Maker Bites the Dust

05/31/12

Alphonso “A.K.” Harper and Alfred C. Fuller have a lot in common.

At the turn of the century, when they were each 21 years old, the young men, one in Iowa and one in New England, started businesses selling custom brushes door-to-door.

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Supreme Court Bids Adieu To Plans Denying Secured Creditors The Right To Credit Bid

05/31/12

On May 29, 2012, only a little more than a month after the April 23, 2012 oral argument in the case, the U.S. Supreme Court issued its decision in RadLAX Gateway Hotel, LLC, et al. v.

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The Daily Docket: RG Steel Enters Bankruptcy

05/31/12

RG Steel LLC filed for Chapter 11 bankruptcy protection Thursday, days after admitting it was “confronted with an immediate, unexpected liquidity crisis.” Read the Daily Bankruptcy Review article here.

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Accounting Should Guide Volcker Rule on What Counts as a Hedge

05/31/12

The regulators' proposal doesn't consider accounting rules for deciding which trades are proprietary and which ones get the exemption for hedging. That leaves plenty of room for regulatory arbitrage by banks.

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Bankruptcy is Like Spring!

05/30/12

How can bankruptcy be like spring? Springtime is a renewal…a rejuvenation. New life is born in spring.  Spring provides rekindled hope and a fresh start.  So it is when you file bankruptcy.

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The Bully Model of Consumer Finance and Litigation

05/30/12

There's a fearful symmetry in the consumer finance world. It's a symmetry of bullies between overreaching financial institutions and plaintiff strike suits, as in both, litigation costs present a ceiling, under which there's a license to overreach. 

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Reputational Sanctions in an Age of Internet Manipulation?

05/30/12

A major argument against substantive regulation of industries (including consumer finance) is that the market self-regulates. Bad actors get bad reputations and lose business.  Therefore, there's no need for government to intervene.  

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A Silicon Valley Road Map for Banking the Underbanked

05/30/12

What would happen if you took the creativity and user-focused design sensibility of Silicon Valley and applied it to one of the least consumer-friendly industries on the planet - financial services?

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