Bankruptcy Blogs

How Small Debit Payments Can Still Be Profitable After Durbin

04/04/12

The Durbin amendment did not so much make the economics of low value payments unsustainable as reveal the fundamental truth that they were unsustainable to begin with.

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ATM Nuisance Suits Should Be Thrown Out of Court

04/04/12

Nancy and Ray scour the highways and byways looking for ATMs lacking proper fee-notice signs. When they find one, they make a cash withdrawal, take a picture and file a class-action lawsuit. They are not alone.

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7th Circuit: Bankruptcy Code Doesn't Override the "In Pari Delicto" Defense

04/04/12

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Credit Card Debt in Bankruptcy: The Basics

04/04/12

The Basics of Credit Card Debt and Bankruptcy In an economy where housing problems dominate the headlines, high interest credit cards still remain one of the largest issues consumers face in their fight for financial health. It should come as no surprise to learn then, that credit card debt is still one of the primary [...]

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Safari Park: Butterfly Jungle Tweet-Up

04/04/12

To celebrate the opening of the annual, month-long Butterfly Jungle event, the Safari Park had planned to host a special preview exclusive to Twitter followers with cool insect experiences and a private stroll amongst the butterflies. However, something, something, Of Mice And Men and plans.

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The Daily Docket: JeffCo Seeks to Halt Lawsuit

04/04/12

Jefferson County, Ala., is worried that it could be exposed to another multimillion-dollar debt on a lawsuit with Wall Street bond insurers. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Cash: Killing It, or Building Bridges to It?

04/04/12

Much has been written about the inherent riskiness of cash. It is dangerous because it can be lost, stolen, eaten, destroyed, etc. It is dangerous because it is difficult to track, thereby helping to facilitate crime. Many a potboiler plot hinges on a cache of unmarked bills. Anyone remember Trixie Belden? “‘That governess of yours won’t argue when I tell her to leave a fat roll of unmarked bills under a stone at the Autoville entrance tonight.

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Client's Plan To Combine Bankruptcy And Subsequent Asset Protection

04/04/12

A husband and wife consulted with me about a pre-bankruptcy plan. They jointly owned a homestead which had equity. They maintained individual bank accounts and other financial assets. They had over $150k of joint unsecured debt. They wanted to start a new business which would provide their livelihood. The husband was reluctant to file bankruptcy because he may need bank financing; he could obtain financing with his debt level but not with a bankruptcy on his record. 

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Deepthroat: Debt Collector Edition

04/03/12

The American Banker has been running an important series on credit card debt collection (here, here, and here) that

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