Bankruptcy Blogs

If we can't identify adequate capital to bear mortgage credit losses when they are incurred, aren't we setting ourselves up for another series of bailouts in the next housing downturn?

Receiving Wide Coverage...

Ben's Book Tour: Ben Bernanke's memoir detailing his role in America's response to the financial crisis, titled "The Courage to Act," is set to be released Monday. While reviews have yet to come out, the book received some criticism for its debatably hyperbolic title when it was announced in April. ...

From October 1, 2015 through October 31, 2015, the United States Bankruptcy Court for the District of Delaware will be instituting its annual process to review and consider comments to the Local Rules.

Hit with a big fine for violating a judge’s order, Michigan lawyer David W. Charron filed for bankruptcy protection to avoid paying it.

But a bankruptcy judge derailed that plan on Wednesday, ruling that Mr. Charron’s civil contempt fine of $363,506.77—a penalty for orchestrating the sale of an insurance firm despite a court order not to do so—isn’t the type of debt that a person can get rid of using bankruptcy.

"Pricing will have to be changed," American Banker declared in 1977, "to help motivate banks to start such programs with their own customers."