Bankruptcy Blogs

Shakin' Things Up

10/25/12

In my most recent Wiley lecture, given in connection with the chair I hold, I argued that boards, particularly in financial institutions, should think outside the box with regard to new board appointments, if they really want to improve corporate governance.

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Grace Periods Bankrupt You!

10/25/12

Photo Credit: Flickr/Tax Credits

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Hmmmm....

10/24/12

How is one to reconcile the civil fraud allegations in the US's suit against Countrywide for defrauding the GSEs with the Department of Justice dropping its criminal investigation of Angelo Mozillo in 2011?

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TAG Extension Would Give U.S. More Time to End TBTF

10/24/12

If the program ends, most TAG deposits held by community banks will quickly migrate to the biggest banks as investors still expect the federal government to protect all deposits held by these financial behemoths.

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Consumer Protection Is a Partisan Issue

10/24/12

An analysis of Senate rulings indicates voters who believe in strengthening customer protections should cast their ballots for Democrats, while voters who believe banks should not have to answer to a consumer regulator should choose Republicans.

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Couples and Money

10/24/12

Wow, our guest bloggers have been working hard for us and you! Nice job Amy and John.  I myself got a little wrapped up in my intensive financial literacy class this year, and am finally here to report on our experiences. First up, a conversation about couples and money. I hope you readers will join me.

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The Daily Docket: Nationstar Bids $2.67B in ResCap Auction

10/24/12

Nationstar Mortgage Holdings Inc. submitted a $2.67 billion bid at a bankruptcy auction for the mortgage assets of Residential Capital on Tuesday, topping a bid by Ocwen Financial Corp., people familiar with the matter said. Click here to read the article in Daily Bankruptcy Review.

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Romney Presidency Wouldn't Magically Turn Fed Doves into Hawks; A Series of Credit Card Thefts

10/24/12

Receiving Wide Coverage ...

Romney's Reserve: Various news outlets are following up on a Times article from Binyamin Applebaum that focuses on potential Federal Reserve chairman replacements for Ben Bernanke should Republican candidate Mitt Romney win the upcoming presidential election. (It should be noted some attention is also being given to potential Obama appointees, given Andrew Ross Sorkin's recent disclosure Bernanke isn't interested in another term once his current one expires in January 2014, but with...

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No Wonder Short Sales Are So Rare

10/24/12

In a typical case, a short sale took nearly nine months, and extraordinary patience and tenacity, to get done. That's no way to stage a housing recovery. Streamline the process.

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Clients Over-value Their Household Furniture: Appraisal Required To Fix

10/24/12

Florida’s Chapter 7 bankruptcy debtors may exempt $1,000 of personal property per debtor, and if not claiming homestead exemption, an additional $4,000. The value of personal property for bankruptcy purposes is based on flea market, garage sale, or liquidation value. Bankruptcy attorneys rely upon their clients to list and value their property.

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