Bankruptcy Blogs

Let's Establish Professional Standards for Bankers

10/05/12

To say one is a banker because he or she works at a bank is like saying you are a car because you live in a garage. The term banker must mean something.

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The Daily Docket: Giddens Settles Lehman Dispute

10/05/12
Reuters

The trustee winding down Lehman Brothers’ brokerage has settled a $6 billion dispute with the failed investment bank’s former Swiss derivatives unit, one of the last holdouts among Lehman’s foreign affil

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Elizabeth Warren & LTV Steel

10/04/12

A bankruptcy case from the 1990s called LTV Steel has amazingly enough become an issue in the U.S.

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Chapter 13 Trustee Dismissal Motion Denied, Court Says Debtor in Good Faith

10/04/12

In re Henry Walker, 12-32098, SD TX In this case, the Debtor had failed to disclose that he had settled a lawsuit before filing bankruptcy, and that he had repaid his grandmother $7000 from the settlement. The Chapter 13 Trustee David Peake found out about it, and filed a Motion to Dismiss, arguing that the Debtor was not prosecuting his case in “good faith” as required by the Bankruptcy Code.

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Guest Pottow

10/04/12

Back at the dawn of Credit Slips, we were privileged to have Regular Pottow. For the uninitiated, I am of course referring to Professor John A.E. Pottow of the University of Michigan Law School. Due to the press of other responsibilities, John had to drop out of the blog, but we always had hoped he would be able to spend time with us again.

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Want to Regain Customer Trust? Start with an Apology

10/04/12

Banks can't win back business through optimistic future-focused messaging that ignores the real pain in our country. What customers really want is for their bank to apologize for its missteps.

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CFTC's Court Defeat Holds Lesson for All Banking Regulators

10/04/12

Agencies need to make sure that the regulations being implemented are necessary to address the problems the Dodd-Frank Act intended to address. Analyzing the rules' potential economic impact is critical.

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Is QM What's Holding Back the Housing Market?

10/04/12

Mitt Romney made a surprising claim in last night's Presidential debate:  that the lack of a regulatory definition of Qualified Mortgage (QM) under the Dodd-Frank Act is what's causing banks to hold back from lending. This claim, while perhaps narrowly accurate in the sense that regualtory uncertainty is likely to have some chilling effect, takes a misleadingly selective view of what's going on in the housing finance market.

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Dodd-Frank Discussed in Debate; Ocwen Goes Shopping

10/04/12

Receiving Wide Coverage ... An Actual Romney Reboot? The papers are awash with recaps of the first presidential debate, in which Obama and Romney argued over healthcare, taxes... and banks! Being who we are, we'll stick to the outlets that covered the banking news. Romney hit Obama on the slow pace of establishing a definition for a qualified residential mortgage (undeniable even if the immediately beneficial effect of having a rule in place is unclear) and...

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