Bankruptcy Blogs

U.S. Weighs Inquiry into Big Banks' Storage of Commodities

07/23/13

Receiving Wide Coverage ... Warehouse Probe: The Commodity Futures Trading Commission is examining the warehouse operations used by Goldman Sachs and others for the storage of aluminum that has inflated prices to consumers, the New York Times reports Tuesday. The operations were the subject of a Times story Sunday. The CFTC has told Goldman and other firms to hold on to internal documents and emails, hardly a good sign. The Journal weighs in, claiming banks have…

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The Daily Docket: LightSquared Sees Rival Plans After Losing Chapter 11 Control

07/23/13

With control of its bankruptcy case gone, LightSquared said it expects multiple proposals to reorganize the company and hopes to have any winning plan approved by December. Read the Daily Bankruptcy Review article here.

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Credit Reports After Chapter 7 Bankruptcy

07/23/13

Many clients have questions about their credit after filing bankruptcy. One of my clients called and asked whether his Chapter 7 bankruptcy discharge of a credit card debt means that the creditor has to remove the debt from his credit report.

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Protecting The Home When One Spouse Files Chapter 7: New Residents

07/23/13

I received an inquiry from prospective bankruptcy clients who had moved to Florida from New York just over six months and had purchased jointly a Florida homestead. The wife had substantial unsecured debts and wanted to file Chapter 7 bankruptcy.

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The 'Long Tail' Model Is Coming to Banking

07/22/13

Banks must throw away their traditional thinking and acting like the newcomers in the business.

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How Banks Can Fill the Trust Deficit in the Digital Economy

07/22/13

Identity management and trust in the online world may be the new business of banking.

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Panic in Detroit

07/22/13

Some thoughts on Detroit in chapter 9, at Dealb%k.

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'Consumer Mortgage Choice Act' Takes Away Consumers' Choices

07/22/13

Two new bills in Congress would undermine Dodd-Frank’s ability-to-repay rule and recreate incentives for lenders to steer families into high-risk, high-fee loans they do not understand and cannot afford.

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Banks Must Enter Businesses (Seemingly) Unrelated to Banking

07/22/13

The startup scene offers a glimpse into what the future of banking services will look like.

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