Bankruptcy Blogs

A top Senate Democrat is set to unveil legislation Wednesday that would allow a small portion of Americans’ student debt to be discharged through bankruptcy proceedings, a measure that would likely hit the profits of private lenders.

The bankruptcy option is part of a long-awaited bill on federal higher-education policy from Sen. Tom Harkin (D., Iowa), chairman of the Senate panel on education.

A recent court ruling affirms that customers can be held responsible in cases of wire transfer fraud. But banks arenÂ't off the hook.

Receiving Wide Coverage ...

Serious Ex-Im Waves: Geez, when's the last time the Export-Import Bank of the United States was in all the morning headlines? The charter of the government provider of loan guarantees and other support to promote trade expires this fall, and some Republican lawmakers Â-- including some on the rise, like House Majority Leader-to-be Kevin McCarthy Â-- are threatening to not renew it because they see it as corporate welfare. The Wall Street...

As Detroit nears a crucial point in its restructuring, what lessons does the city’s historic bankruptcy offer troubled municipalities?