Bankruptcy Blogs

In the case of In re Bast, ___ BR ___, 2007 WL 1429481 (Bkrtcy.S.D. Fla.)(Friedman, J.) where the court found that the requirements for a technical abandonment of certain non-exempt real property were met and that it was therefore abandoned from the estate to the debtor at the close of the case. The trustee's subsequent efforts to administer the non-exempt real property for the benefit of the creditors were denied by the Court.

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

Nowhere has the piecemeal approach to post-crisis regulation been more apparent than with the CFPB's Qualified Mortgage rules and its aggressive stance on the fair lending doctrine of disparate impact.

Receiving Wide Coverage ... China's Banking Woes: Multiple stories this morning touch on concerns about China's banks, and not just about credit quality. Finishing up a two-part series about China's banking sector, the Journal reported the growing risk from banks selling bonds to raise cash. China had tried to limit its currency supply in June to constrain funding for "shadow banks", but that created the "unintended consequence" of banks "scrambling for cash. The bond market was…