Bankruptcy Blogs

Saw three couples this month who needed to file bankruptcy, because they were getting sued–garnished in one case–by the second mortgage after a short sale.

It was surprising that they were surprised.   At the peak of the crisis, for or five years ago, second mortgages would take what they could get at a short sale and let the rest of it go.  But they don’t often do that anymore.  (At least not without intense negotiation.  I’ve seen it once in the last year.)

The European trend to restrain CEO pay is gaining momentum in the U.S. It suggests the double-digit raises that American bank bosses have enjoyed the past few years may not last.

The union whose nationwide strike sparked Hostess Brands Inc.’s decision to liquidate in bankruptcy said its workers are “inextricably linked” to the future of snacks such as Twinkies and Ho Hos and hi

Providers should link their products and services to information and tools that are relevant, timely, actionable and ongoing.

A heightened regulatory focus may be a direct result of early positioning as a business distanced from the rest of the payments industry, which may be keeping more banks from offering prepaid products.