Bankruptcy Blogs

Morning Scan: B of A, JPM to Set Right Credit Reports; How Kabbage Grows

05/08/15

Receiving Wide Coverage ...

Not B of A's Day: Bank of America pops up in Friday's news for several reasons, none of them flattering. Over at the New York Times, columnist Gretchen Morgenson questions the distribution of Bank of America's $16.7 billion mortgage settlement. The bank is required to forgive or reduce borrowers' mortgage debt as part of the settlement and the amount of relief it provides is then deducted from the bank's total tab. There's...

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That New Song About Bills

05/08/15

You may have heard it. It was on the radio the last three mornings as I drove to work. It goes, "I got bills I gotta pay, so I'm gonn' work work work every day." It made me think about bankruptcy (naturally). And it is really catchy. The song's simply titled, "Bills," and is LunchMoney Lewis's debut single. The lyrics reference empty fridges, cars not starting, shoes without "soul," praying that cards won't be declined, and, of course, piles of bills.

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Supreme Court Says Denial of Confirmation Not Automatically Appealable

05/07/15
In a surprisingly casual opinion, the Supreme Court, led by Chief Justice Roberts, has ruled that denial of confirmation of a chapter 13 plan does not give rise to a final order which can be appealed as a matter of right.    Bullard v. Blue Hills Bank, No.
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Simply Fashion, Dots Stores Kick Off Going-Out-of-Business Sales

05/07/15
Dado Galdieri/Bloomberg News

Add another name to the ever-expanding list of women’s retailers to shut down in the past year: Simply Fashion.

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Should Bankruptcy Address Student Debt?

05/07/15

In a report released last year, the New York Federal Reserve estimated that student loan debt had climbed to $966 billion in 2012, with more than two-thirds of that debt owed by borrowers younger than 40 years old. The report estimated that 6.7 million borrowers, or 17%, are at least 90 days delinquent on their debt.

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Why We Need the Government to Stay Put in the Housing Market

05/07/15

Housing affects too many Americans to simply cast out government involvement, especially where the government-sponsored entities and Ginnie Mae are concerned.

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Stale Debts in Bankruptcy

05/07/15

Should liability under the Fair Debt Collection Practices Act (FDCPA) lie against a creditor who submits a proof of claim past the statute of limitations in a consumer bankruptcy case?

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Community Banks Have the Power to Lighten Their Regulatory Burden

05/07/15

The regulators have spelled it out: If a bank wants relief from onerous compliance requirements, a path to get there is to use simple, basic practices for credit risk management.

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Good Grief Charlie Brown - yes the Bankruptcy Law Connection

05/07/15

Well known cartoonist Charles D. Schultz was the creator of the Charlie Brown comic strip. A recent blog post article asks, "Did Charles Schultz coin the term 'security blanket?" What does this question about the coining of this term that was used in the Charlie Brown comic strip have to do with bankruptcy law?

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Watchdogs Seek Examiner for Ex-Apple Supplier GT Advanced

05/07/15

Federal bankruptcy watchdogs have asked that an independent examiner be appointed to oversee spending in the bankruptcy of GT Advanced Technologies Inc. The Wall Street Journal has the Daily Bankruptcy Review article here.

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