Bankruptcy Blogs

If Retailers Want to Blackball Small Bank Debit Cards, Let 'Em

06/17/11

Do small banks deserve to be kept alive with affirmative action set-asides? Should retailers be in the business of subsidizing community banks' uncompetitive debit card operations?

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Citizen Apostolou

06/17/11
Melanie Cohen

Losing his grasp of the beloved Chicago-based Giordano’s pizza chain he’d built over decades, a despe

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Brief Recap of Major Financial Issues

06/17/11

There used to be a TV show, weekly, called appropriately "THAT WAS THE WEEK THAT WAS". It provided a satirical review of the weeks happenings - especially politics. Kind of like a fast paced, hit-a-run version of John Stewart.

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The Daily Docket: Ambac Spars with IRS Over $700 Million

06/17/11

Ambac Financial Group Inc. said it doesn’t owe hundreds of millions of dollars in back taxes that the Internal Revenue Service is going after, a claim that contributed to Ambac’s filing for Chapter 11 bankruptcy protection last fall. Read the Daily Bankruptcy Review story here.

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Private School Tuition in Chapter 13 Bankruptcy

06/16/11

Everyone filing for Chapter 13 bankruptcy knows they will make a plan that must be approved by the bankruptcy court in order for them to proceed.  But what may be included in that plan?  The Bankruptcy Code uses vague terminology such as “fair” and “reasonable” to define what costs a debtor can claim are necessary [...]

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HSBC Aspires Globally, Fails Locally

06/16/11

Strategies such as "One HSBC" - which sound good in an analytical report, consulting presentation or boardroom - don't work equally well in 88+ countries.

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Manhattan Bankruptcy Judges ‘Too Fast to Fail’

06/16/11

We have an idea for how the U.S.

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Trustee to Question Young Buck Over Concert Fees

06/16/11

Young Buck has an important gig on July 1. But the Nashville rapper won’t be performing before his adoring fans. Instead, he’ll be answering questions about the whereabouts of performance and appearance fees he’s supposed to turn over as part of his bankruptcy.

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Why I Was the Skunk at the Party

06/16/11

Yesterday's hearing -- my Dealbook on it here -- was clearly all about political posturing: the Democrats are defensive about Dodd-Frank, rightly afraid that any change to it becomes a chance to repeal or gut, while the Republicans too often veer off into some free market rhetoric that really makes no sense when you are talking about financial institutions. Since when have banks been subject to the free market?

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The Point of Consumer Bankruptcy: Starting Over

06/16/11

Is Consumer Bankruptcy Pointless? A recent Forbes article by attorney, Stephen J. Dunn, titled “Consumer Bankruptcies Do More Harm Than Good” has caused quite a stir in the bankruptcy world. Mr. Dunn makes, what he believes to be, a compelling case against consumer bankruptcy and unapologetically calls most filings entirely pointless. Since the article appeared [...]

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