Bankruptcy Blogs

Burglary Triggers Medical Records Firm’s Collapse

03/12/12

The New Year’s Eve burglary of a California office building has led to the collapse of a national medical records firm.

Impairment Resources LLC filed for bankruptcy Friday after the break-in at its San Diego headquarters led to the electronic escape of detailed medical information for roughly 14,000 people, according to papers filed in U.S. Bankruptcy Court in Wilmington, Del. That information included patient addresses, social security numbers and medical diagnoses.

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The Daily Docket: Bankruptcy’s Spare Change

03/12/12

Many companies that collapse under bankruptcy-court reorganization are leaving behind small pools of money—and no one knows what to do with them. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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How U.S. Banking Wasted Its Fukushima Moment

03/12/12

Like the nuclear meltdown that devastated Japan a year ago, America's financial crisis resulted in part from collusion between the regulators in the capital and the regulated in the executive suites. Unlike the Japanese, we didn't learn from our calamity.

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Girl Scouts Add Consumer Finance to the Badges

03/11/12

People with young girls may already have heard about this. Girl Scouts has rolled out a few new badges just in time for its 100 year anniversary. The badges have not been changed since 1987. Good bye fashion and makeup, hello Science in Style which covers nanotechnology in fabric and the chemistry of sunscreen. The new badges include thirteen related to financial literacy, that look like this.

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Internet Deposits Eerily Reminiscent of Brokered Ones

03/09/12

Decades ago, regulators drew a sharp distinction between "core" deposits and "brokered" deposits. With Internet deposits effectively replacing brokered, why have they not drawn scrutiny?

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The Broke and the Beautiful: Lenny Dykstra Edition

03/09/12

This week on The Broke and the Beautiful, Lenny Dykstra gets prison time and the owners of the New York Mets must pay up. Also, a judge wants the Los Angeles Dodgers and Bryan Stow to settle their dispute.

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Private Equity Must Get More Hands-On in Bank Investments

03/09/12

The strategy of purchasing troubled banks at depressed prices no longer works. The focus should now be on long-term partnerships based on operating improvements and growth.

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