Bankruptcy Blogs

The

This is 2014, not 2008. The problem is not subprime mortgage lenders, but a pendulum of federal regulation that has swung to such an extreme that worthy, qualified borrowers are being turned away.

Discount retailer Dots LLC filed for Chapter 11 bankruptcy protection Monday. Read the story here in the Daily Bankruptcy Review.

Freedom Industries Inc., the company connected to a chemical spill that tainted the water supply in West Virginia, on Friday filed for Chapter 11 bankruptcy protection. Read the DBR story here in The Wall Street Journal.

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Deutsche's Loss: Germany's Deutsche Bank AG surprised investors with a $1.35 billion fourth-quarter loss, signaling that European financial institutions might be having trouble competing with U.S. institutions since European banks face tougher regulation. European banks face further scrutiny from regulators, who are working to tamp down the continent's banking crisis, with another round of examinations set to be finished by the end of the year. The Basel Committee on Banking Supervision has...

The scariest part of filing bankruptcy is losing property that one should not have lost. It doesn’t happen often or to many people, but everyone needs to know how to protect property. Everyone who files bankruptcy gets to exempt a certain amount of stuff, but not everyone gets to use the same exemptions. Debtors must choose between state or federal exemptions to shield that stuff from the bankruptcy court. But which exemption does one use? Well, that depends on the interaction between a number of complicated federal and state laws.