Bankruptcy Blogs

Although certain types of divorce related debt are non-dischargeable, certain types of debt are dischargeable in bankruptcy Whether an item is dischargeable also depends on whether the case is filed under chapter 7 or chapt

This week on The Broke and the Beautiful, “Meet the Parents” star Teri Polo is in bankruptcy and Tavern on the Green is reopening.  Also, Alec Baldwin is helping out Central Falls, R.I.’s public library.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

A high-profile hearing in Detroit on Monday could take the city one step closer to a vote on a restructuring plan.

A federal bankruptcy judge has already dismissed objections from unions, banks and bond insurers, largely clearing the way for a vote by creditors on a debt-reduction plan in the nation’s largest municipal bankruptcy.

Receiving Wide Coverage ... B of A is the New JPM: So, Bank of America really is the new JPMorgan Chase, at least when it comes to legal settlements. Federal prosecutors want to extract several pounds of flesh from B of A, namely several billion dollars to settle an investigation into mortgage-backed securities, Bloomberg and the New York Times report. The two reports vary wildly in terms of how much B of A would have toÂ...