Chicago bankruptcy professionals descended on the US Supreme Court to catch the final chapter in the RadLAX bankruptcy saga, one that had a remarkably swift journey to the highest court of the land. The case started as the neglected stepchild of Amalgamated Bank, the trustee of the deeply undersecured Longview Ultra I Construction Loan Investment Fund (having about $100 million of collateral to support a $300 million original
Women expect you to walk the talk. If you say, "we care about and believe in women," yet all of your management is men, then, Houston, you have a problem.
A warning on too big to fail might not have the same impact if said by the Occupy movement, but when Federal Reserve officials put it in an annual report, it hits home.
Does the Means Test Violate the First Amendment? The bankruptcy means test, a much-maligned formula for determining chapter 7 eligibility, has been criticized on many grounds since it’s enactment as part of the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA). Critics in the consumer bankruptcy bar are quick to point out inconsistencies, contradictions [...]
Alabama’s top court ruled that the state’s struggling cities and counties have the power to file for Chapter 9 bankruptcy protection, a decision that largely frees the state’s most populous metropolitan area to move ahead with its five-month-old bankruptcy case. Read the Daily Bankruptcy Review article here.
The message from the banking industry to those lacking excellent credit is that they're welcome to deposit money, usually without interest and subject to fees - but not to borrow it unsecured.
With the CFPB looking broadly at third-party relationships, lenders need to know the qualifications of anyone handling an account for them. Giving carte blanche to middlemen to hire car repossession agents may no longer be an option.
[4/24 Update: 
Chicago bankruptcy professionals descended on the US Supreme Court to catch the final chapter in the RadLAX bankruptcy saga, one that had a remarkably swift journey to the highest court of the land. The case started as the neglected stepchild of Amalgamated Bank, the trustee of the deeply undersecured Longview Ultra I Construction Loan Investment Fund (having about $100 million of collateral to support a $300 million original