Bankruptcy Blogs

Dodd-Frank at 3; UBS to Settle

07/22/13

Receiving Wide Coverage ... Happy Anniversary, Dodd-Frank: The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law three years ago Sunday, and to mark the anniversary, the Washington Post reports on the progress of the financial regulation overhaul. "Federal watchdogs were tasked with writing 398 rules to flesh out the law, but they havemissed 62 percent of the deadlines set by Congress," the Post says. …

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The Daily Docket: Detroit Lawyers Seek Retiree Committee

07/22/13

Poised to break pension promises to more than 23,500 retired city workers, cops and firefighters, Detroit’s bankruptcy attorneys said that those retirees deserve an official committee to speak for them as the 686,000-resident city struggles to unload labor costs in order to survive. Read the Daily Bankruptcy Review article here.

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Drowning in Data, Banks Must Learn to Surf

07/22/13

The bank of the future is a humanizing bank, where the focus is on relationships, intimacy, depth, and human connection – supported by technology.

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Top 3 tips to prevent identity theft

07/20/13

The Federal Trade Commission offers three easy ways to safeguard your identity, your security, your property and your credit standing from identity theft.

But first, what is identify theft?  It is the fraudulent use of another person’s information, such as a name, account, access code, for the purpose of obtaining money, property, or other value.

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A counterintuitive thought on the value of a law degree

07/20/13

If the Simkovic & McIntyre analysis of the value of a law degree is correct, there are two somewhat counterintuitive implications.  First, law schools have been massively undercharging for tuition in the past. If what is now a $150k investment produces $1M increase in income, why are law schools permitting students to capture all of that benefit?

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What's Happening in Detroit

07/20/13

Already the Detroit bankruptcy is producing a interesting bit of litigation about the interaction between state and federal law. Federal bankruptcy law sets up this problem because among the requirements for a municipality to file for Chapter 9 bankruptcy is that the municipality:

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The Million Dollar Law Degree and Right-Sizing Legal Education

07/19/13

Bankruptcy prof Mike Simkovic and labor economist Frank McIntyre have an interesting paper about the value of a law degree.

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Embattled Newark Nonprofit Files for Bankruptcy

07/19/13

The controversial Women In Support of the Million Man March Inc. nonprofit in Newark, N.J., has filed for bankruptcy after federal authorities accused its leader of misspending a $345,325 federal grant.

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Envisioning the Future Model of Banking; Capital Debate Continues

07/19/13

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

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