Bankruptcy Blogs

Raising FHA's Game

02/25/13

Take the Federal Housing Administration out of HUD and put it under a commission. A self-funded, independent government corporation would be a major step toward comprehensive housing finance reform.

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Protecting Life Insurance in Indiana Bankruptcy

02/25/13

Compared to your home, car or retirement plan, a life insurance policy is often not your most critical asset, or first concern if you file bankruptcy.  Unless something happens to you and you have dependents.

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Never Mind CFPB - It's OCC and FHFA That Need Commissions

02/25/13

When a single official has very great power over a small number of firms such as the megabanks, the result too often is regulatory capture.

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The Automatic Debit That Can't Be Turned Off and Other Consumer Loan Nightmares

02/25/13

Receiving Wide Coverage ...

Consumer Debt Traps: The lead front-page story in Sunday's Times examined large banks' role in supporting online payday lenders that get around state interest-rate restrictions by locating offshore. At issue is the banks' automatic debiting of borrowers' accounts to pay the interest, authorized by the customers when they take out the loans. The problem is that the banks often continue to withdraw money to pay the loans even after accountholders ask them...

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Welcome Back to Paige Skiba

02/24/13

It is always great to have our guests return, which makes me please to announced that Professor Paige Skiba of Vanderbilt University will be joining us for a few days. Paige has done a lot of interesting work on high-interest credit like payday lending and pawnshops. She promised to blog a little bit about her new paper with Jim Hawkins of the University of Houston on title loans.

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Arbitration versus sovereign debt: Where will YOU be on February 27?

02/24/13
February 27 is a big day for people interested in financial markets, consumer credit, and... well, many things of interest to Credit Slips readers. I'll be in New York, attending round two of the Second Circuit oral arguments in NML v. Argentina. Meanwhile, the Supreme Court will be hearing argument in In re American Express Merchants Litigation - the latest big arbitration case.
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There is no "Oops Defense" When Debtor Lies Or Misleads the Court In Schedules And Pleadings

02/24/13

Many debtors arrive in Bankruptcy Court having committed missteps, or even misconduct, in their financial affairs and dealings with others.  Even for these debtors, Bankruptcy is often an opportunity for them to get a "fresh start."  However, one of the requirements of this fresh start is that a debtor must be completely honest in documents and pleadings filed in their Bankruptcy case.  This is a continuing obligation throughout the case, and debtors have a duty to make amendments as needed.  The consequences of not doing so may include the dismi

[more]

There is no “Oops Defense” When Debtor Lies Or Misleads the Court In Schedules And Pleadings

02/24/13

Many debtors arrive in Bankruptcy Court having committed missteps, or even misconduct, in their financial affairs and dealings with others.  Even for these debtors, Bankruptcy is often an opportunity for them to get a "fresh start."  However, one of the requirements of this fresh start is that a debtor must be completely honest in documents and pleadings filed in their Bankruptcy case.  This is a continuing obligation throughout the case, and debtors have a duty to make amendments as needed.  The consequences of not doing so may include the dismissal o

[more]