Bankruptcy Blogs

This week on The Broke and the Beautiful, creditors of the Los Angeles Dodgers seek to hire investment bankers, Lenny “Nails” Dysktra pleads not guilty to indecent-exposure charges, and a special-effects company fades to black for good.

That morning I was sitting on the early train, watching the sunrise over the ocean, headed to Newark to attend a Fannie Mae lending conference.

On June 23, 2011, the Supreme Court issued a ruling that has sent waves through bankruptcy courts across the nation. Stern v. Marshall, 131 S.Ct. 2594 (2011), is the latest opinion in a long running dispute between the estate of Vickie Lynn Marshall, better known as Anna Nicole Smith, and the estate of her late husband’s son, Pierce Marshall.

Weighing legislation that would divert large corporate bankruptcy cases away from the two top courts that now handle most of that work, federal lawmakers heard testimony from an expert panel that largely countered the doomsday predictions from the legal community over the consequences of such a change.

August was a difficult month for bank stocks. The situation reflects a crisis of strategy. Most banks have not addressed their fundamental cost-structure imbalance.