Bankruptcy Blogs

Samuel Zell, the real-estate mogul behind the disastrous leveraged buyout that plunged Tribune Co. into bankruptcy, came out the biggest loser in an inter-creditor fight over expected payouts from the Chapter 11 proceeding. Read the Daily Bankruptcy Review story via The Wall Street Journal here.

The original language describing a qualified mortgage was written more from the perspective of addressing certain market deficiencies rather than as an effective set of underwriting guidance.

Credit enhancement provided by private capital, in the form of mortgage insurance, is a time-tested and effective execution, and should be part of any effort to reform the housing markets.

What stops people from filing for bankruptcy? Is it fear, pride or a belief that declaring bankruptcy is in some way unethical? If you stopped and asked 10 people on the street for the number one reason not to file bankruptcy, most would mention damage to their credit. How Bad is Bankruptcy For Your Credit? [...]

To understand why prepaid cards sell, focus on how they're sold: off the shelf, at a convenient store, just like groceries and other consumables.