Bankruptcy Blogs

Vermont Employer uses Behavioral Economics to Turn Debt into Wealth

04/10/13

Some readers might enjoy this PBS video about a Northern Vermont company that helps people weather financial storms with small loans. Rhino Foods in Burlington found that employees in financial strain were not as good at their jobs and that the small loans improved the company’s bottom line.  Rhino brought in a combination social worker/financial advisor, who helped arrange 17% income advance loans paid back through wage deductions.

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The Daily Docket: Hostess Wins OK for Drake’s, Bread Brands Sales

04/10/13
Reuters

Hostess Brands Inc. won permission to sell off the last of its major cake and bread assets, raising total sale proceeds from the baking company’s liquidation to about $860 million.

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Mortgage Settlement Check Assessment; Small Biz Aid Gets TARP-ed; KPMG Rogue Auditor Update

04/10/13

Receiving Wide Coverage ...

Mortgage Settlement Checks to Be Mailed: Regulators announced yesterday that the first round of checks related to their $8.5 billion settlement with banks over alleged foreclosure processing mistakes will soon be in the mail. Many news outlets led with the stats. The Fed and the OCC "are set to dole out roughly $1.2 billion in the first batch of payments," Dealbook reports. "By April 12, the regulators expect to mail 1.4 million...

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Mortgage Servicer’s Biggest Jackpot Is Home Insurance

04/09/13

jackpotHow would you like to pay for my spring vacation to Maui?

Or make my house payment this month?

What? you howl.  What do I get out of paying your bills?

Good question.

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Fifth Circuit Declines to Enforce Mexican Plan of Reorganization and Devises New Framework for Foreign Debtor Relief

04/09/13

By: Maurizio Anglani

St. John’s Law Student

American Bankruptcy Institute Law Review Staff

 

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Discussion: Customer's Always Right? Banks May Beg to Differ

04/09/13

What's the most inane complaint your bank has ever received?

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End 'Too Big to Fail' Without Breaking Up Banks - Here's How

04/09/13

We must make clear that in all bank failures all creditors, other than insured depositors, will face risk of loss so that neither the FDIC nor taxpayers will lose money.

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Google Glass: A Cure for Rogue Traders

04/09/13

Forcing traders to strap computers on their heads may sound extreme, but consider the current threat. Saving billions from trading losses might take the sting out of the loss of privacy.

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Interesting Automatic Stay Decision in FastBucks Chapter 11 Case

04/09/13

Readers might recall that back in November, I blogged about a case in which the unconscionability doctrine was used to invalidate one lender’s entire book of payday and installment loans. The post described how the court found that FastBucks employees encouraged borrows to not pay off loans, which loans were found to violate state law.

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