Bankruptcy Blogs

I Filed Bankruptcy, Now I Want Out…

06/28/11

Dismissing a Bankruptcy Case While bankruptcy has the ability to provide great relief to those facing financial difficulty, it is not always a bed of roses. There are things that can go wrong with a bankruptcy case. Many debtors learn the hard way that bankruptcy can be a messy place once the motions and objections [...]

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Signature Styles (Spiegel, Newport News & Shape Fx Brands) Update for Customers: Official Creditors’ Committee Asks Bankruptcy Court to Force Companies to Honor Gift Cards & Merchandise Credits At Least Temporarily

06/28/11

The Official Committee of Unsecured Creditors has asked the bankruptcy court to force Signature Styles/Spiegel/Newport News/Shape Fx to honor gift cards, merchandise credits and other customer programs, as well as to actively participate in the sale process.  To learn more about the Committee’s request, please visit our newest article on this case: Signature Styles (Spiegel, [...]

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L.A. Dodgers file for bankruptcy – read the documents and find out how much each player is owed.

06/28/11

The L.A. Dodgers filed for Chapter 11 bankruptcy in Delaware on Monday, June 27, 2011.   The filing came because a court ruled that the owner would have to share the team with his ex-wife.  A $150 million dollar debtor in possession credit facility had been secured right before filing. The following players were owed [...]

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Los Angeles Dodgers File Chapter 11 Bankruptcy

06/27/11

The L.A. Dodgers baseball franchise filed for bankruptcy protection today. After a search, I think this is the only place on the “free internet” that the Los Angeles Dodgers’ Bankruptcy Petition can be viewed in its entirety. The list of largest creditors is interesting because it includes many of the Dodger players, including former Red [...]

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Underbanked Market Is Under-Defined

06/27/11

There are more niches in the underbanked markets - young people, older Americans, middle-class consumers who are going through foreclosure — that require tailored solutions for different needs.

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Since When Is a Foreign Government Exempt from U.S. Banking Law?

06/27/11

Credit Agricole, Allied Bank of Ireland and Banco Santander applied, by name, for Fed approval to acquire banks in the U.S. Why shouldn't the People's Republic of China?

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Dodgey Notes?

06/27/11

Gotta love that a team named the "Dodgers" filed for bankruptcy. Is that streetcars they're dodging or creditors?

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Vive l'extension et la prétention!

06/27/11

Who said that the US had a monopoly on extend and pretend?  The French are showing that they know that move and that they can do it with panache.  The French have graciously announced that their banks have agreed to reinvest about 50% (~.7*.67) of their holdings in Greek debt that is maturing soon in new, long term Greek debt. Quelle générosité!

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