Bankruptcy Blogs

Can a nonprofit startup fix the pro se problem in bankruptcy?

08/01/16

For the past four years, Jim Greiner, Lois Lupica, and I have been working on the Financial Distress Research Project (FDRP)*, a large randomized control trial trying to find out what works to help individuals in financial distress.

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Some Debt Collections Just Aren't Worth It

08/01/16

Banks should assess a customer's full financial picture before deciding to sell a debt to a third-party collection agent.

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The Case Against the Bank COO

08/01/16

While some institutions find it sensible to appoint chief operating officers to assist the CEO or as part of a succession plan, many others increasingly choose to go without a COO.

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SLJ Trucking Inc. Files for Chapter 7 Protection

08/01/16

On July 29, 2016, SLJ Trucking Inc. (“Debtor” or “SLJ”) filed a voluntary bankruptcy petition under Chapter 7 of the United States Bankruptcy Code with the United States Bankruptcy Court for the District of Delaware.  The Debtor is a licensed and bonded freight shipping and trucking company running freight hauling business from Newark, Delaware.

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Morning Scan: JPM Exits T-Bond Settlement; Consumer Debt Worries

08/01/16

Wall Street Journal

And then there was one: JPMorgan Chase's decision to stop handling the settlement of U.S. Treasury debt for big bond brokers—leaving Bank of New York Mellon Corp. as the lone firm in the business—has some people worried about how the $13 trillion market will be able to withstand any potential shocks. ...

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Remembering Alan Resnick

07/29/16

One of the hardest things about teaching, whether in an informal setting or in a classroom, is telling someone that they are . . . ahem, WRONG. Or at least not right. Or could use improvement. Or there is an opportunity to improve. Something like that. . . . Professor Alan Resnick, a beloved bankruptcy scholar and practitioner, had a gift of helping others improve their work.

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Payday Lending Regulation: The Substitution Effect?

07/26/16

A common argument made against regulating small dollar credit products like payday loans is that regulation does nothing to address demand for credit, so consumers will simply substitute their consumption from payday loans to other products:  overdraft, title loans, refund anticipation loans, pawn shops, etc.

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Quantum Foods: The Intersection of Preference Litigation and Administrative Claims

07/26/16

On July 25, 2016, Judge Kevin Carey of the Delaware Bankruptcy Court issued a thorough decision pursuant to a motion for judgment on the pleadings analyzing the intersection of a preference defendant’s post-petition administrative claim and their preference exposure.  A copy of the Opinion is available here.

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Appalachian Conventional Production Comp Files Chapter 7 Liquidation

07/24/16

On July 13, 2016, Appalachian Conventional Production Comp (“Appalachian” or “Debtor”) filed a Chapter 7 liquidation in the United States Bankruptcy Court for the District of Delaware.  According to the Debtor’s Petition, Appalachian has assets less totaling less than $500,000, and liabilities between $500,000 and $1 million.  Click here to view a copy of Appalachian’s Petition, Schedules of Assets and Liabilities, and Statement of Financial Af

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Tech-Based Cybersecurity Can't Stop 'People Risk'

07/22/16

Directors and senior executives have a duty to inculcate risk culture into banks so that everyone works as a team to contain cyber and other risks, including the human vulnerabilities within.

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