Bankruptcy Blogs

Ride or Die

07/29/11

Alas, one of California’s most popular motocross-driven retail chains will ride on.

A group of investors gathered under the new name Ryderz Compound Inc. has purchased nearly all of No Fear’s three dozen stores along the West Coast with plans to continue selling its edgy clothing collection and racing gear. The group’s $3.1 million bankruptcy auction purchase will also keep many of the chain’s more than 325 workers employed.

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Why Credit Scores Shouldn't Be Part of QRM

07/29/11

A minimum credit score would not cap or regulate risk, or even measure it consistently. Instead it would ensure that the risk floor for QRMs would actually fluctuate.

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Crystal Cathedral gives founder board vote again

07/29/11

"The Crystal Cathedral megachurch has restored the voting rights of its founder, the Rev. Robert H. Schuller, on the church's governing board." Read more here.

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The Broke and the Beautiful: Vegas Edition

07/29/11

"This week on The Broke and the Beautiful, Beso’s back in the news and football players are fumbling. Also, actor Tobey Maguire may need to ramp up his Spidey senses for next year’s poker-lawsuit trial." Read more here.

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Madoff, Borders, Lehman, Giordano’s, Spansion: Bankruptcy

07/29/11

Nice summary of bankruptcy current events: read it here.

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A Professional Lender's Perspective on the Debt-Ceiling Crisis

07/29/11

If I came across a borrower who is deep in debt and whose obligations exceed their income and yet continues to borrow to service those obligations, I would not consider them a good risk.

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The Broke and the Beautiful: Vegas Edition

07/29/11
Hector Guerrero/AFP/Getty Images

This week on The Broke and the Beautiful, Beso’s back in the news and football players are fumbling.

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The Scan for Friday, July 29

07/29/11

Receiving Wide Coverage ... Fighting May Move to the Courts. House Republicans are calling on the Securities and Exchange Commission to provide an accounting of the time and money it spent on a failed plan that would make it easier for shareholders to fire members of corporate boards. A federal appeals court killed the SEC plan several days ago, the Post reported. But, the ruling could have greater implications, according to the Journal. The court ruling...

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The Daily Docket: Borders Preps for Sale

07/29/11

As liquidators work to clear books from its retail shelves, Borders Group Inc. is preparing for a sale that could enable the bookseller’s brand to live on even after its stores go dark. Read the Daily Bankruptcy Review article here.

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