News

Today's News

September 24, 2023 - 20 new headlines

Major trucking company serving the Midwest files for bankruptcy after 80 years leading to dozens of job... - The US Sun

09/24/2023 Major trucking company serving the Midwest files for bankruptcy after 80 years leading to dozens of job [more]
Tags: News, Reorganizations

Vantage Travel is bankrupt. But what about its owner? Two lawsuits ... - The Boston Globe

09/24/2023 Vantage Travel is bankrupt. But what about its owner? Two lawsuits [more]
Tags: Filings, News

Six beloved chain restaurants once with 1,000s of locations are now extinct in US state after bankruptcy &... - The US Sun

09/24/2023 Six beloved chain restaurants once with 1,000s of locations are now extinct in US state after bankruptcy & [more]
Tags: News, Reorganizations

An Alabama city wants to leave bankruptcy, even as it owes millions - AL.com

09/24/2023 An Alabama city wants to leave bankruptcy, even as it owes millions  AL.com [more]
Tags: Filings, News

Joe Budden Dragged By Tasha K For Axing Interview Due To Cardi B - HipHopDX

09/24/2023 Joe Budden Dragged By Tasha K For Axing Interview Due To Cardi B  HipHopDX [more]
Tags: News, Reorganizations

MV Realty Files For Chapter 11 Bankruptcy - The Real Deal

09/24/2023 MV Realty Files For Chapter 11 Bankruptcy  The Real Deal [more]
Tags: News, Reorganizations

Federal courts revise broadcast policy to expand public access - Massachusetts Lawyers Weekly

09/24/2023 Federal courts revise broadcast policy to expand public access  Massachusetts Lawyers Weekly [more]
Tags: Cases of Interest, News

Charlotte telehealth firm Let’s Talk Interactive files for Chapter 11 bankruptcy protection - WSOC Charlotte

09/24/2023 Charlotte telehealth firm Let’s Talk Interactive files for Chapter 11 bankruptcy protection  WSOC Charlotte [more]
Tags: Filings, News

BBBY: Bed Bath & Beyond Continues To Trade Despite Zero ... - The Deep Dive

09/24/2023 BBBY: Bed Bath & Beyond Continues To Trade Despite Zero [more]
Tags: 363 Sales, News

Every Entertainment Company Disney Owns in 2023 - IGN

09/24/2023 Every Entertainment Company Disney Owns in 2023  IGN [more]
Tags: Liquidation, News

Blogs

Rats! I need a new car and I’m stuck in Chapter 13

09/05/2023 Do You Need to Finance a Car in Chapter 13? The last thing you want to do is get further into debt while you are in Chapter 13.  (The goal of Chapter 13 is to get out of debt.)  But sometimes you need to replace a broken down junker. So, you need financing for a […] The post Rats! I need a [more]
Tags: Bankruptcy Blogs, Blog, chapter 13, Chapter 13 Bankruptcy, NorthernVirginiaBankruptcyAttorneyRobertWeed, Weekly Posts

Creative Destruction in Small Business Bankruptcy

08/29/2023 Two distantly related items caught my eye this morning, as both reinforce the need for "creative destruction" as a response to all-too-common small business failure. The first was a NYT piece on the travails of a female entrepreneur in China. It tells a heart-wrenching story of a system in which the [more]
Tags: Bankruptcy Blogs, Comparative & Int'l Perspectives, CreditSlips, small business

Nondebtor Releases and the Future of Mass Torts

08/18/2023 Certain members of the bankruptcy academy and bar seem to have their knickers in a twist over the Supreme Court’s grant of certiorari to review the nonconsensual nondebtor releases in Purdue. Conventional wisdom is that SCOTUS is going to find that there's no statutory authority whatsoever for [more]
Tags: Bankruptcy Blogs, Corporate Bankruptcy, CreditSlips

Unhappy Campers and Their Credit Cards

08/11/2023 This story about the failure of a company that ships duffel bags to/from sleep-away camps has an interesting payment systems meets bankruptcy angle that got me particularly excited given that I'm teaching payment systems this fall: Parents are disputing the Camp Trucking fees with their credit card [more]
Tags: Bankruptcy Blogs, Credit & Debit Cards, CreditSlips

Treasury in the Red... with Yellow

08/02/2023 Freight company Yellow is on the verge of bankruptcy. It's not a company whose financial distress would normally stand out but for the fact that it received $700M in national security loans from the US Treasury in 2020, and, oh man, are taxpayers going to take it on the chin.  The Treasury financing [more]
Tags: Bankruptcy Blogs, Corporate Bankruptcy, CreditSlips

Axos Bank--More Sketchiness?

07/27/2023 The Washington Post has a big piece up about Axos Bank being the lender-of-last-resort for Donald Trump. But those us who work in the consumer finance space, know of Axos as a notorious bank partner in rent-a-bank arrangements. Axos is the bank parter of World Business Lenders, an outfit that [more]
Tags: Bankruptcy Blogs, Consumer Finance, CreditSlips, Usury

Consumer Law Scholars Conference--Call for Abstracts

07/14/2023 The Center for Consumer Law & Economic Justice at Berkeley Law has announced the call for abstracts for the 2024 Consumer Law Scholars Conference. Abstracts are due by September 8, 2023, for the conference scheduled for February 29-March 1, 2024. The conference welcomes abstracts from a wide [more]
Tags: Academic & Scholarly News, Bankruptcy Blogs, CreditSlips

Supreme Court Finds Bankruptcy Code Abrogates Tribal Sovereign Immunity

06/16/2023 The U.S. Supreme Court ruled on Thursday that because Indian tribes are indisputably governments, the Bankruptcy Code unmistakably abrogates their sovereign immunity to bankruptcy court proceedings. In an 8-1 decision, the Court found that when Congress abrogates tribal sovereign immunity, it [more]
Tags: Bankruptcy Blogs, BankruptcyandRestructuringBlog, Supreme Court Case Updates, Tribal-Related Financing

The Puzzle of Diaspora Bonds: A Case Study of Israel's Program

06/15/2023 Many countries have attempted to tap their diasporas by issuing bonds.  This has particularly been the case in times of dire need (wars, pandemics, international sanctions, financial crises, and more).  Ukraine is the most recent to have attempted to do this and failed.  Other recent failures [more]
Tags: Bankruptcy Blogs, CreditSlips, Economic Perspectives, Sovereign Debt

SEC Coinbase Suit

06/07/2023 The SEC has finally brought its long-anticipated lawsuit against Coinbase. The suit alleges that Coinbase has operated as an unregistered securities broker, an unregistered securities exchange, and an unregistered securities clearing agency, and that it has made unregistered sales of securities, [more]
Tags: Bankruptcy Blogs, CreditSlips, Financial Institutions