Bankruptcy Blogs

Welcome to Amy Jean Schmitz

10/07/12

We are pleased to welcome Professor Amy Jean Schmitz of the University of Colorado as a guest blogger. She has done a lot of work in the area of consumer contracting and consumer arbitration. Welcome, Amy, to Credit Slips.

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Thank You, Barry Scholnick

10/06/12

On behalf of all the regular Credit Slips bloggers, I wanted to thank Professor Barry Scholnick for joining us this week and offering a "north of the border" perspective on consumer bankruptcy issues. It was especially insightful to think about what centralization would mean for data availability and those of us who believe in empirically driven policy making.

Thank you, Barry. Come back again some time.

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Stern Clouds Lift, Bankruptcy Judges Say

10/05/12

It’s been well over a year since the U.S. Supreme Court handed down a decision in Stern vs. Marshall that called into question the authority of bankruptcy judges to decide certain issues. Although some of the storm has calmed since then, according to a group of bankruptcy judges speaking on a panel at an American Bankruptcy Institute conference in Washington Friday, it’s clear that the wound is still fresh.

“I was offended by the opinion,” said Judge Mary Walrath of the U.S. Bankruptcy Court in Wilmington, Del., referring to the 5-4 Supreme Court decision.

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Is Bankruptcy The Only Way To Deal With Debt?

10/05/12

Is bankruptcy the only way to deal with debts?  Not necessarily.  But, as with so many things, the answer to this question takes knowledge and experience.  I will set out some of the options that can be available in dealing with your debts and will discuss these options a little more in depth in subsequent posts.

Options:

Typically, there are four ways to deal with your unsecured debts.

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The Broke and the Beautiful: Going Broke Edition

10/05/12

This week on The Broke and the Beautiful, it’s a sports bonanza. A director documents how sports stars go broke, Michael Vick has spent some money, Curt Schilling might need to sell a bloody sock, and much, much more!

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Innovative Bill Payment Options Will Bank the Underserved

10/05/12

The universal consumer demand for bill payment makes the service particularly well-suited to bringing people into the financial mainstream.

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Loyalty to Jamie Dimon Is No Guarantee of Job Security at JPMorgan

10/05/12

Receiving Wide Coverage ...

JPMorgasbord: Barry Zubrow, JPMorgan Chase's head of regulatory affairs, is leaving his job before the end of the year, and may or may not stay with the bank in an advisory role, the Journal reports, citing anonymous sources. The article also reveals that Jes Staley, the chairman of JPM's corporate and investment banking unit, was a candidate to run Barclays after the Libor scandal forced the British bank's CEO to step down....

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