According to Retail Dive, major retailer bankruptcies have exploded so far in 2020, with more to come. Continue reading “RETAILER BANKRUPTCIES IN 2020”

POSTS

SOFTBANK RESTRUCTURING FRAUD: A CLEAR AND PRESENT DANGER

Softbank restructuring fraud is a destructive--but real--twist on business restructuring models. Most corporate restructuring occurs through new opportunities and effective marketplace execution--and sometimes through a Chapter 11 bankruptcy filing. But Softbank, the well-known "software company," "venture capital fund," hedge fund, keeps finding new ways to restructure its business through fraudulent market manipulation. Read more… →

HEALTH CARE SHARING TAX DEDUCTION

The Internal Revenue Service is set to recognize a health care sharing tax deduction for the first time. The Service should be issuing its final regulation on the health care sharing tax deduction in the coming months--likely before the 2020 election. Read more… →

FMV PART 4: FAIR MARKET VALUE IN LITIGATION

The primary thesis of this blog series is that assessing fair market value in litigation and bankruptcy must now account for general economic conditions, due to Federal Reserve distortions of fair market value through unlimited monetary expansion and the unavoidable influence of global derivatives trading markets. Read more… →

FMV PART 3: ASSET VALUATION METHODS

The concept of fair market value is central to litigation and bankruptcy asset valuations. As such, bankruptcy asset valuation methods affect every part of the reorganization or liquidation process. Read more… →

FMV PART 2: IMPACT OF DERIVATIVES MARKETS

The core cause of the financial crisis of 2008, and again in 2020, has been the dangerous impact of derivatives markets created by large banks, insurance companies and hedge funds. Speculative trading practices by large banks were outlawed in this country under the Glass-Stegal Act of 1935. But in 1999, at the end of the Clinton Administration, Glass-Stegal was repealed. This repeal, along with passage of the Commodity Futures Modernization Act), during the Bush II administration, opened the door for massive speculative trades in complex derivative instruments. Read more… →

ROCKPORT DEVELOPMENT BANKRUPTCY: REAL ESTATE LIQUIDATION

Rockport Development filed for bankruptcy in May, 2020 under Chapter 11 in Santa Ana. The company develops, builds and/or “flips” high end single-family and multi-family residential homes in Southern California. The company is owned by Kevin Zhang. Allegations of impropriety surfaced against Mr. Zhang in connection with several of his real estate projects, which led to the Chapter 11 filing. Read more… →