Bankruptcy Blogs

Student Loans

06/20/15

Experts state that by early 2013, the amount of student loan debt in the United States surpassed $1 trillion and that nearly 20% of Americans households owe on student loans.

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Why Errant Bankers Get Sweetheart Deals: Weekly Wrap

06/19/15

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including the need to hold bankers accountable for criminal deeds and whether the FDIC's proposed recordkeeping requirement is smart planning or pointless.

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Cancellation or Rescission

06/19/15

Cancellation or rescission generally refers to a process by which a court terminates or cancels a contract or other instrument.

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Chapter 13 Bankruptcy Discharge

06/19/15

The discharge of debt in a chapter 13 case is granted after a person completes performance under his chapter 13 plan. Chapter 13 plan are generally three to five years in length.

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David Cassidy Selling South Florida Home in Bankruptcy

06/19/15

This week on The Broke and the Beautiful, David Cassidy is selling off his house in bankruptcy, and Sonja Morgan gets to keep her New York City pad.

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Carl Icahn to Donald Trump: Thanks, But No Thanks

06/19/15

Carl Icahn won’t be the man signing your greenbacks.

The billionaire investor made it clear Friday he won’t become treasury secretary, even if Donald Trump wins the presidency.

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Five Ways Alternative Data Can Expand Credit Access

06/19/15

Incorporating bill and rental payment data into consumer credit scores would be a boon for underserved Americans. New legislation in Congress could help credit reporting agencies realize this goal.

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Next Week in Bankruptcy

06/19/15
This image provided by RMK Services shows a Colt .45 SAA revolver that belonged to Robert LeRoy Parker, better known as Butch Cassidy.
Associated Press

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Downey Trustee Reaches Settlement With FDIC

06/19/15

The bankruptcy trustee winding down the parent of Downey Savings & Loan has reached a settlement with the Federal Deposit Insurance Corp., closing the books on a legal fight over the rights to more than $444 million in tax refunds and other assets. Read the Daily Bankruptcy Review article here.

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Morning Scan: Ancient IT Hobbles Banks; Saving Hamilton

06/19/15

Receiving Wide Coverage ... Brushing the Dust Off IT: Banks around the world use IT systems are basically antiques, and recent tech glitches at Royal Bank of Scotland and Commonwealth Bank of Australia are making that problem increasingly difficult to ignore. The Financial Times reports that part of the issue is that three-quarters of banks' tech spending has to go toward the cost of keeping the old, complex systems running, leaving them with just a fractionÂ...

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