Bankruptcy Blogs

Should You Delay Filing a Bankruptcy Case Until April 1?

02/26/13

Sometimes in a Bankruptcy case, timing is everything There are lots of numbers in the Bankruptcy Code: numbers that limit filing under Chapter 13 consumer reorganizations based on the amount of debt that you owe; numbers that determine the amount of your exemptions; and numbers that determine your eligibility for a Chapter 7 filing based [...]

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I-Bankers Look to Greece for Deal Code Names

02/26/13
AFP/Getty Images
A Greek flag flies next to a statue of ancient Greek philosopher Socrates in the center of Athens.

When it comes to keeping top-secret dea

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Don't Let Insurance Companies Dodge Overdraft Settlement Claims

02/26/13

A recent court decision held that banks were entitled to the overdraft fees they collected over the years - essentially undermining the insurance companies' main argument against coverage.

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Banks Processing Internet Payday Payments through Bank Accounts that Customers Asked be Closed

02/26/13
Banks and payday lenders have be close pals for a while now.
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Expect Blowback if KYC Rules Are Expanded

02/26/13

If U.S. know-your-customer rules required banks to identify and scrutinize foreign recipients in addition to the senders of money, other countries would likely return the favor.

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The Daily Docket: School Specialty Wins Loan Approval

02/26/13

School Specialty Inc. won court approval to draw $129 million of a rival bankruptcy loan that gives the education supply company more time and flexibility in its Chapter 11 restructuring Read the Daily Bankruptcy Review article here.

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QM Rule Puts Too Much Trust in Fannie, Freddie

02/26/13

Fannie Mae and Freddie Mac have now become the gatekeepers for underwriting qualified mortgages. This guidance might be a safe harbor from litigation, but history indicates it may fail as a safe harbor from risky lending.

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Libor-Rigging Set Interest Rates Too Low, Too High and So Low They Were Too High

02/26/13

Wall Street Journal

The paper gives a status report on the more than 30 private civil suits against 16 large banks over Libor manipulation. Combined with the regulatory fines, these suits could cost the industry tens of billions in the coming years, a law professor says. Interestingly, while some plaintiffs claim lenders were harmed because borrowers paid too little interest as a result of Libor-rigging, others argue borrowers were harmed because they paid too much. And...

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