Bankruptcy Blogs

Money Market Funds Will Be First Major Foe Superregulator Faces; CFTC Rule Gets Vacated

10/01/12

Receiving Wide Coverage ...

Battle over Money Market Funds Intensifies: A recent push by regulators to reform money market funds has become about much more than revamping a risky industry. According to the Journal, the showdown is "turning into a major test of a key change to the U.S. financial architecture after the most severe financial crisis in half a century" since the establishing new rules regarding the funds has now fallen to the Financial Stability...

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The Daily Docket: LightSquared Proposes Sharing Network With Government

10/01/12

Philip Falcone‘s LightSquared on Friday made a proposal to the Federal Communications Commission that the company hopes will solve the regulatory issues surrounding its wireless satellite network and help it build its business faster without abandoning its long-term goals. Read the Daily Bankruptcy Review article here.

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Fraud by Rogue Traders Is Absurdly Easy to Stamp Out

10/01/12

Trader fraud occurs only because we do not require immediate trade confirmation posted infallibly to the institution's books. Instead, the trader is allowed to wave a magic wand to create false transactions or hide real ones.

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Bankruptcy in the Neighborhood

10/01/12

I am very happy Bob Lawless invited me to be a guest blogger on Credit Slips for the next few days. I have been reading Credit Slips for a long time and I really enjoy it.

In the next few days I would like to talk about some of my economics based research involving consumer bankruptcy in Canada. What I try to do in my research is to exploit some of the data available in the Canadian system to answer questions that may be harder to answer using US based data.

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Don’t Forget that You have Payment Obligations in Chapter 13

09/30/12

Chapter 13 can transform an upside down budget into one where your income equals your outflow, and it can reduce your total debt, sometimes by thousands of dollars.

Chapter 13 only works, however, if you pay what you are required to pay by your Chapter 13 plan.  Specifically, for cases filed in the Northern District of Georgia, you will have to pay your mortgage(s) directly and you will need to pay your Chapter 13 trustee your plan payment until the payroll deduction kicks in.

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Don’t Forget that You have Payment Obligations in Chapter 13

09/30/12

Chapter 13 can transform an upside down budget into one where your income equals your outflow, and it can reduce your total debt, sometimes by thousands of dollars.

Chapter 13 only works, however, if you pay what you are required to pay by your Chapter 13 plan.  Specifically, for cases filed in the Northern District of Georgia, you will have to pay your mortgage(s) directly and you will need to pay your Chapter 13 trustee your plan payment until the payroll deduction kicks in.

[more]

Don’t Forget that You have Payment Obligations in Chapter 13

09/30/12

Chapter 13 can transform an upside down budget into one where your income equals your outflow, and it can reduce your total debt, sometimes by thousands of dollars.

Chapter 13 only works, however, if you pay what you are required to pay by your Chapter 13 plan.  Specifically, for cases filed in the Northern District of Georgia, you will have to pay your mortgage(s) directly and you will need to pay your Chapter 13 trustee your plan payment until the payroll deduction kicks in.

[more]

Don’t Forget that You have Payment Obligations in Chapter 13

09/30/12

Chapter 13 can transform an upside down budget into one where your income equals your outflow, and it can reduce your total debt, sometimes by thousands of dollars.

Chapter 13 only works, however, if you pay what you are required to pay by your Chapter 13 plan.  Specifically, for cases filed in the Northern District of Georgia, you will have to pay your mortgage(s) directly and you will need to pay your Chapter 13 trustee your plan payment until the payroll deduction kicks in.

[more]

Welcoming Barry Scholnick

09/30/12

At the Boulder Conference of Consumer Financial Decision Making, Professor Barry Scholnick of the University of Alberta presented some fantastic research about the influence of neighbors on the decision to file bankruptcy. Scholnick's findings with Canadian data parallel similar, albeit older, findings in the United States.

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