Bankruptcy Blogs

Basel III Makes Credit Card Portfolios a Buyer's and Seller's Market

09/04/12

Financial institutions with a long-term strategic interest in the credit card business should reap the benefits of the existing safe harbor and buy while it lasts. Those who don't should take advantage of the current environment and sell.

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Converting Chapter 13 To Chapter 7 In Order To Strip Immediately A Second Mortgage

09/04/12

Since a May, 2012, court opinion was issued  Chapter 7 bankruptcy debtors became eligible to strip a wholly unsecured mortgage on their primary residences.

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Risk Management Lessons from the Cockpit to the Trading Floor

09/03/12

Perhaps, given the wild ride of the past decade, banking can learn something from aviation, an industry that has posted an impressive and improving safety record over a similar time span.

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EU Update (And FI Reality)

09/02/12

If you've been tuning out the Euro situation, despite Gelpern's periodic updates, today's Times magazine has a since summary of where things stand.

I also think the end of this bit nicely captures the extant cynicism regarding financial institutions.

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Consumer Bankruptcy Fee Study

09/01/12

I have just finished reading Lois Lupica’s paper on her impressive
consumer bankruptcy fee study. 
This is a model of what empirical, law-and-society research should be –
it combines data from electronic court records with focus groups and key player
interviews to give a textured understanding of the role lawyer’s fees play in
this particular legal system. 

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National Mortgage Servicing Settlement Progress Report: Little to Show (And Little Expected)

08/31/12

The official monitor for the mortgage servicing fraud settlement has put out a progress report on settlement implementation.  It's a preliminary report that is not required of the monitor, so I don't want to be too critical, but I hope future reports are more informative.  Most of the report consists of summarizing the settlement.  There is a lot of data, but almost no analysis.

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