Bankruptcy Blogs

There are two types of “people” in the credit card world that are frequently confused. These people are the “co-applicant” and the “authorized user.” Client I encounter in Orlando, Florida, often ask me if they are personally liable for someone else’s credit card when they have themselves previously used the card. In bankruptcy, if a debtor is legally liable on someone else’s card is important to know in order to list the card as a debt and name the primary owner as a co-debtor.

Receiving Wide Coverage ...

JPMorgan Shuffles in New CFO: JPMorgan Chase has named Marianne Lake as its new chief financial officer. As this American Banker article points out, the appointment of a new CFO was to be expected, given Doug Braunstein's apparent demotion back in July following the more than $6 billion in trading losses caused by the London Whale. (It should be noted that, on the record, the bank's CEO Jamie Dimon is telling news...

Capital is just not an issue for these banks. All the capital they may ever need is a phone call and wire transfer away.

The FHA's mission to promote housing has contributed to its downfall in addressing its other mission: To maintain fiscal discipline of the mortgage insurance fund.

If you have a successful model that you believe in, it doesn't matter what the establishment says.