Bankruptcy Blogs

Bankruptcy Made Us Stronger, Teresa Giudice Says

06/18/12

The first “Real Housewife” to seek bankruptcy protection, Teresa Giudice of New Jersey, talked about her bankruptcy experience on the latest episode of Bravo’s “Real Housewives of New Jersey.”

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Make the CFPB a Good Cop

06/18/12

We finally have a regulator with no mandate to preserve banks' image. To protect consumers, the CFPB must assure that those who cheat them are punished. New rules won't help if we don't enforce the old ones.

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Arbitration Unconscionability Post-Concepcion

06/18/12

My Georgetown colleague Rebecca Tushnet has a great post about a recent Missouri Supreme Court ruling, Brewer v. Missouri Title Loans, holding that an arbitration agreement in an auto title loan was unconscionable.  The case is important because it says that post-AT&T v. Concepcion arbitration agreements are still vulnerable to attack on generally applicable contract law grounds.

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Can Bankruptcy Help? Don’t Ask Google, Ask a Lawyer!

06/18/12

Can Bankruptcy Help? Good question, with no easy pre-packaged answer. If you’re struggling with debt and looking for a way out, it’s in your best interest to at least talk to a professional. There are simply too many variables involved with the “can bankruptcy help?” question to get competent advice from the internet. With sites [...]

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Equity Financing of Higher Education

06/18/12

Luigi Zingales had an op-ed in the NY Times a few days back proposing equity financing of higher education combined with IRS collection of educational debt. Sound familiar? It should to Credit Slips readers.  I suggested the very same thing right here on this blog back in April. 

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Bankruptcy Attorney Skewered By Court For Inadequate Compensation Statement

06/18/12

Bankruptcy attorneys are required to file a statement of compensation for each bankruptcy case. The statement discloses all forms of past, present, and future compensation. If they charge a client additional fees after the case is filed the attorney is supposed to file a supplemental statement of compensation within 14 days. Many attorneys do not strictly follow these rules. Frequently, attorneys neglect to file supplemental fee statements during complicated bankruptcy cases where clients pay for additional services after the case is filed.

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The Daily Docket: Berkshire Offered $1 for ResCap Ahead of Bankruptcy

06/18/12

Residential Capital LLC says Warren Buffett’s Berkshire Hathaway Inc. made an offer to buy all of ResCap’s equity for $1 before the mortgage servicer was put into bankruptcy last month. Read the Daily Bankruptcy Review article here.

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Bankruptcy Vehicle Exemption in California

06/18/12

Bankruptcy Vehicle Exemption in California California bankruptcy filers must choose the California exemptions, since California is among the states that have opted out of the Federal exemption. California has two sets of exemptions: the California exemptions and California’s Federal-like exemptions, which for the most part are the same as the Federal exemptions. Each set of [...]

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Bankruptcy Second Opinion: Why Chapter 13?

06/16/12

Two people in Chapter 13 bankruptcy plans came to see me this past week for a second opinion.  I told both that for them, Chapter 7 bankruptcy was better.

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