Bankruptcy Blogs

The Daily Docket: Kodak Allowed to Pay Bonuses

05/01/12

A judge on Monday said Eastman Kodak Co. could pay millions of dollars in bonuses to several hundred employees to keep them happy and at the company, overruling an objection by the Justice Department’s bankruptcy-watchdog unit. Read the Daily Bankruptcy Review article here.

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Can You Explain Your Incentive Pay Plan to Your Staff?

05/01/12

You would think that the periods in which folks may be getting a little more money in their paychecks would be times of smiles and high-fives. That's too often not the case.

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“Friendly” creditor phone calls and e-mails held to violate the bankruptcy discharge

04/30/12

Collection Efforts Prohibited by Bankruptcy Discharge Once you file for bankruptcy and receive your discharge order from the court, creditors are prohibited from attempting to collect on debts that were included in your bankruptcy, period. Section 524(a)(2) of the Bankruptcy Code explains that a bankruptcy discharge “operates as an injunction against the commencement or continuation [...]

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‘Octomom’ Nadya Suleman Files For Bankruptcy

04/30/12
Gabriel BouysAFP/Getty Images
“Octomom” Nadya Suleman poses for photographers in front of her home in La Habra, California on May 19, 2010.

Having overstay

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Breaking Up Big Banks Would Weaken the U.S.

04/30/12

Dodd-Frank went a long way toward ending too-big-to-fail. Since large, diversified financial institutions provide significant economic value to clients, the likely effect of arbitrary and preemptive break-ups would be to concede global financial leadership to other jurisdictions.

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Security Firm Handled White House’s ‘Burn Bag’

04/30/12
AFP/Getty Images

The government contractor that disposed of the White House’s secrets kept one of its own: It hasn’t paid its taxes in full since 2008.

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Accretive's Bedside Manner for Debt Collection

04/30/12

The end of last week got a little busy for many of the Credit Slips bloggers and none of us talked about the story last Wednesday by Jessica Silver-Greenberg at the New York Times regarding aggressive debt collection practices by Accretive

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Research Grants from NCBJ

04/30/12

As many readers of this blog will know, the Endowment for Education from the National Conference of Bankruptcy Judges has supported many research projects that have contributed to a better understanding of all sorts of issues involving debt and bankruptcy. Judge Dennis Dow, the current chair of the Endowment, contacted me and advised that it has a substantial amount of money available to make grants and is actively soliciting applications. If you are a scholar looking for support for the expenses connected with empirical research, the Endowment may be a great resource for you.

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Protect Consumers from Other Consumers

04/30/12

Any lending incurs losses, but if regulators did their job then the transfer of wealth from payers to deadbeats would be way smaller.

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