Bankruptcy Blogs

Who is Helping Consumers With Defaulted Student Loans?

04/16/15

Clearly, the biggest surprise in consumer borrowing since the crash has been the explosive expansion of student loan debt. It has surpassed both auto lending and credit card lending. And, since it ties with Payday Lending and pre-crash sub-prime mortgage lending for the thinnest underwriting there are defaults aplenty. 

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Morning Scan: Bernanke to Join Hedge Fund Citadel; B of A's Weak Returns

04/16/15

Breaking News This Morning ... Earnings: Citigroup, Key Corp, Goldman Sachs New York Times Former Fed chairman Ben Bernanke is set to take a job as an adviser to hedge fund Citadel. Banks had recruited Bernanke, he told the paper (without naming his suitors), but he declined their offers. It's a well-worn path between the Federal Reserve and the private sector, particularly hedge funds. Former Fed chair Alan Greenspan worked as a consultant to hedge fundÂ...

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Another Settlement of Fraud Accusations May Be on the Way for Plethico

04/15/15

Plethico Pharmaceuticals Ltd., which has twice been accused of fraud in connection with a natural products company it sold in bankruptcy, may have once again negotiated its way out of legal trouble.

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Bill Clinton Regales New York Bankruptcy Crowd

04/15/15
Honoree and former President Bill Clinton speaks on stage after receiving the inaugural Tina’s Wish Global Women’s Health Award during the 2015 Tina’s Wish Global Women’s Health Award Gala in New York.
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Digital Currency Puts Fully Banked World Within Reach

04/15/15

The world needs a financial system that moves money with real-time transparency while upholding the highest level of security and privacy. Digital currency and mobile money services can help get us there.

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Banks Better Watch Out for Geeks in the Garage

04/15/15

The banking industry as a whole will survive startups. But many individual banks will fail to make the changes necessary to stay relevant in a rapidly changing market.

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Can We Count on Macro-Economists to Analyze the Impacts of Inequality?

04/15/15

Prior to the crash, only a very few macro-economists were studying consumer borrowing and fewer still were investigating inequality of income or of wealth as an important macro-economic factor. Work in macro-economics is done at academic institutions, the Fed, think tanks and government and private enterprises. Historically, very few PhD dissertations in macro-economics dealt with consumer finance or consumer spending or inequality issues.

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The Daily Docket: Straub, Power Plant Spar Over Revel

04/15/15
Wayne Parry/Associated Press

Florida developer Glenn Straub, who recently bought Atlantic City, N.J.’s Revel Casino Hotel for pennies on the dollar, is demanding that the resort’s custom-built, $160 million po

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Bankruptcy Lawyers Have Right to Work

04/14/15

 In the debate in Wisconsin over the  Right to Work bill, the legislators opposed to the bill questioned why no businesses were testifying in support of the law, if it was--as stated--going to drive business growth.

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Too Poor to File (for Bankruptcy)

04/14/15

A Congressional overhaul of U.S. bankruptcy law may be keeping financially struggling people out of bankruptcy court, but it hasn’t kept them from going broke, researchers have found.

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