Bankruptcy Blogs

Preventing the Next Mortgage Crisis Is Job One in GSE Reform

09/09/13

Congress must create mechanisms to dampen the volatility of housing finance, writes the former regulator for Fannie and Freddie on the fifth anniversary of their takeover by the government.

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The Daily Docket: Patriot Files Exit Plan

09/09/13

Patriot Coal Corp. on Friday filed its plan to leave Chapter 11 bankruptcy protection. Read the Daily Bankruptcy Review article here.

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The Meltdown Five Years Later; Brainard Considered for Fed Seat

09/09/13

Receiving Wide Coverage ...

Time Really Flies: Five-year retrospectives of the 2008 meltdown were popular over the weekend and fed into Monday's papers. Journal economics editor David Wessel wove together a complete summary of the meltdown from the fallout over the sharp decline in housing values to policymakers' decision-making over which firms to bail out and which to let fail. In the five years of recovery since the near collapse, "Americans could justifiably celebrate victory."...

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Changing Your Car Value After Filing Bankruptcy

09/09/13

Bankruptcy debtors are bound by the information on their bankruptcy petition, and debtors should not assume they can edit financial information to protect assets after the bankruptcy trustee requires the assets to be turned over.

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In Bankruptcy But Borrowing Money?

09/09/13

My city of Detroit is in bankruptcy, yet, is on the verge of

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A Closer Look at the Longview Power Bankruptcy

09/08/13

Introduction

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Will my Chapter 13 Case be Dismissed if my Spouse Files for Divorce

09/08/13

What happens to your confirmed Chapter 13 plan if your spouse decides to file for divorce? Will the divorce filing trigger an automatic dismissal? Do you have to report this change to the court? Is it possible to change your plan payment to reflect your new financial reality?

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Follow the Money: Payday Laundry Edition

09/07/13

Gretchen Morgenson is asking some interesting questions about where the money comes to fund predatory loans. The issue boils down to this: the most questionable consumer is not done by depositories. It's done by finance companies or (prior to 2008) by mortgage banks. That means that these lenders need another source of funding for their loans.

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