Bankruptcy Blogs

American mega-banks are great.  For bankers.  For the rest of us, they encourage booms and busts in the economy and foster bankruptcy for the middle class.  Even their shareholders should agree — it’s time to break up the Big Banks.

When someone mentions bankruptcy or foreclosure, it might make you cringe. But many residents of Dayton, Ohio, know of the financial issues that can lead someone toward those outcomes. Sometimes the two come together, but that isn’t always the case. According to experts, filing for Chapter 13 bankruptcy can allow individuals to keep their home [...]

On March 21st, Blue Springs Ford ("Blue Springs") filed a chapter 11 petition for bankruptcy in the United States Bankruptcy Court for the District of Delaware.  Based in Blue Springs, Missouri, Blue Springs has operated as an authorized Ford dealership since 1978.  Like most dealerships, the company sells and services Ford vehicles and provides general maintenance and repair services.  See the Declaration of Blues Springs' President in Support of First Day Motions (the "Declaration" or "Decl.") at *2. 

It is time to swear off the federal subsidy trough and reclaim the high ground in the battle to end too-big-to-fail. If we work together, we may even force the breakup of the largest banks.

This week, bankruptcy doesn’t stop the Los Angeles Dodgers from earning the second spot in Major League Baseball’s most valuable team rankings. In other news, MGM is bouncing back from bankruptcy, while Venus Williams reaches for a fashion (and tennis) comeback.