WSJcomBankruptcyBeat

Marc Lore Buys Hukkster’s Remnants at Bankruptcy Auction

12/10/14

Diapers.com founder Marc Lore’s soon-to-be-launched shopping site, Jet, recently bought itself access to a bevy of prospective customers in a bankruptcy auction.

The fire sale of failed shopping website Hukkster’s customer lists, website code, and other remaining assets ended with Jet submitting a $65,000 winning bid.

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Senate Democrats Urge U.S. to Tear Up Corinthian Students’ Loans

12/10/14
Student at Corinthian Colleges WyoTech technical school campus in Laramie, Wyo.
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The Daily Docket: Lehman Trader Seeks $84 Million Bonus…Again

12/10/14

Lehman Brothers says a former trader received his entire $84 million bonus in 2008. Now the failed bank claims he is asking for it again. The Wall Street Journal has the Daily Bankruptcy Review article here.

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The Daily Docket: Former Madoff Operations Director Sentenced

12/09/14

The leader of Bernard Madoff’s broker-dealer business was sentenced to 10 years in prison on Monday for aiding one of the largest financial frauds in U.S. history with “his meticulous bookkeeping and averted eye,” reports WSJ.

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The Daily Docket: Delia’s Files for Bankruptcy

12/08/14

The Wall Street Journal reports that teen retailer Delia’s filed for Chapter 11 bankruptcy protection.

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What The ABI Bankruptcy Overhaul Doesn’t Include

12/08/14

While restructuring professionals have proposed some interesting changes to the bankruptcy code, it’s also striking what their 370-page report leaves out. Here are some hot topics in the bankruptcy world that wouldn’t be affected:

Distressed-Debt Trading

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Bankruptcy Law Overhaul Would Mean Big Changes

12/08/14

The American Bankruptcy Institute unveiled its long-awaited Chapter 11 reforms Monday morning, which aim to help struggling businesses but also propose to take away perks for lenders who extend bankruptcy loans and to remove protections for some investors who profited from leveraged buyouts. Wall Street Journal Reporter Katy Stech read the 370-page report (read her story here) so you don’t have to.

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‘Real Housewives’ Star Teresa Giudice Sues Former Lawyer

12/05/14

This week on The Broke and the Beautiful, Teresa Giudice is suing her ex-lawyer, alleging it’s his fault she’s going to prison.

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Forward Motions: Trump Taj Mahal to Fight for Survival

12/05/14
The Trump Taj Mahal Casino Resort in Atlantic City, N.J.
Wayne Parry

A courtroom showdown over the fate of Trump Entertainment Resorts Inc.

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American Laser Skincare to Liquidate

12/05/14

American Laser Skincare filed for bankruptcy liquidation Thursday, weeks after closing the doors of its clinics in a move that touched off an eruption of customer complaints online.

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