Bankruptcy Blogs

SEC Unveils Its Stance on Social Media; Cyprus Update; The Great Housing Debates

04/03/13

Receiving Wide Coverage ...

SEC Unveils Social Media Rules: The Securities and Exchange Commission has decided that companies can use Facebook, Twitter and other social media outlets to disclose key information about operations. But there's one catch: investors must be told what handles, Facebook pages, etc. these updates will be posted to. According to the Post, this disclosure rule essentially mimics the guidance issued by the SEC regarding company websites in 2008. Regarding the new social...

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Stolen Property Recovered After Bankruptcy Is Filed: Who Keeps It?

04/03/13

Prior to his filing Chapter 7 bankruptcy one of my clients was victim of a home break-in and theft. Valuable personal property was stolen. A police report was filed. After filing the petition, the police recovered some property and the thief was ordered to pay restitution to my bankruptcy client.

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Include Household Expenses to Better Assess Borrower's Ability to Pay

04/02/13

Accounting for utility and car expenses would help lenders make better loan decisions, encourage homebuyers to select affordable houses and support a more sustainable housing market.

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Seventh Circuit Decision Gives Support To Protecting Buyers In Bankruptcy Sales From Successor Liability

04/02/13

Last week, the U.S. Court of Appeals for the Seventh Circuit addressed whether a buyer of assets outside of bankruptcy (in this case, from a receivership), takes on successor liability for federal Fair Labor Standards Act ("FLSA") claims made by the employees of the company whose assets it purchases.

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Kevin Costner Sued in Bankruptcy Court

04/02/13
European Pressphoto Agency
Kevin Costner holds his Cesar of Honor as he poses for photographs at the Cesar awards ceremony held in Paris in February 2013.

A payment dispute

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Comments, Spam, Loyal Readers, and False Positives

04/02/13

The many interesting comments left by our informed readership help make Credit Slips one of the best places on the Internet for informed discussion about debt and bankruptcy issues. The many spam comments make Credit Slips a less useful resource.

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Schapiro's Promontory Move Latest Sign of Too Much Coziness

04/02/13

The former Securities and Exchange Commission chair's move to Promontory Financial is likely to add to public cynicism about a revolving door and regulatory capture.

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04/02/13