Bankruptcy Blogs

Small-Dollar Loan Pilot Produced Valuable Insights, Profits

06/21/12

We at the FDIC continue to believe the small-dollar loan model is replicable and that these loans can be cost-effective and responsive to the needs of both consumers and bankers.

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Rebuild Consumer Trust by Offering a Fair Deal

06/21/12

Banks are entitled to a profit. Customers are entitled to value for their money. Financial products can be designed, marketed and priced to satisfy both parties' needs.

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Buck Up, the Future Is Bright for Community Banking

06/21/12

The risky practices at and implicit taxpayer guarantee for systemically dangerous megabanks are driving consumers to community-based banks.

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Chicago Bankruptcy Attorney David Siegel Discusses Pre-Filing Requirements

06/21/12

According to Chicago bankruptcy attorney David Siegel, there are several pre-filing requirements that must be satisfied.  For example, before a case can be filed under Chapter 7 in the United States Bankruptcy Code, the debtor must submit to a credit counseling session.  The credit counseling session is a half-hour or one hour on the telephone or in person or on the computer whereby a credit counselor will ask specific questions concerning your assets, your liabilities, your income and your expenses.  The purpose of the credit counseling is to determine whether or not you qualify for a bank

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Chicago Bankruptcy Attorney David Siegel Discusses Pre-Filing Requirements

06/21/12

According to Chicago bankruptcy attorney David Siegel, there are several pre-filing requirements that must be satisfied.  For example, before a case can be filed under Chapter 7 in the United States Bankruptcy Code, the debtor must submit to a credit counseling session.  The credit counseling session is a half-hour or one hour on the telephone or in person or on the computer whereby a credit counselor will ask specific questions concerning your assets, your liabilities, your income and your expenses.  The purpose of the credit counseling is to determine whether or not you qualify for a bank

[more]

The Daily Docket: Ex-First Regional Parent Enters Bankruptcy

06/21/12

The holding company behind the failed First Regional Bank in Los Angeles, whose $2.18 billion in assets were seized by federal banking regulators nearly 18 months ago, has filed for bankruptcy protection with just a fraction of that amount—$1.3 million—left in its coffers. Read the Daily Bankruptcy Review article here.

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Is Financial Repression Leading America Down a Road to Ruin?

06/20/12

Kevin Mellyn's "Broken Markets" warns that state suppression of market forces could have lasting consequences. Bankers and policymakers should take heed.

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