Bankruptcy Blogs

Still smarting from a recent bankruptcy court ruling in favor of Colonial BancGroup Inc., the Federal Deposit Insurance Corp. says the bank-holding company is dragging its feet in a bid to derail an upcoming hearing in their long-running legal fight. Read the Daily Bankruptcy Review story here.

The days of crash-and-burn bankruptcies may be flaming out.

An AlixPartners LLP survey released Wednesday found that most restructuring professionals expect that more than 50% of the large companies filing for Chapter 11 in the next 12 months will have at least a semblance of a turnaround plan in place when they enter bankruptcy.

And nearly all those surveyed, 97%, said those so-called prearranged and prepackaged filings have become a permanent part of the bankruptcy landscape.

 The Insolvency Service is still "in listening mode" in relation to its February 2011 Consultation on Reforms to the Regulation of Insolvency Practitioners, according to a presentation on 15 June by its Director of Policy, even though the consultation is officially closed.

Modernizing a bank's core requires more than bids from vendors. Project leaders need a clear roadmap and executive buy-in.

The allegations have all the literary ingredients for an alluring spy novel: corporate profits made from price-fixing schemes, secret meetings held throughout Europe and a conspiracy among industry giants who have a tight grip on one arm of the worldwide retail supply chain.