Bankruptcy Blogs

Collections Abuses a Wake-Up Call to Banks

04/03/12

My first instinct as a credit union CEO is to say that more banking institutions need to stop looking at their customers as just numbers on a balance sheet.

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T-Boz’s Bankruptcy Case Dismissed

04/03/12

In a high-profile example of the bankruptcy court’s discretion over your bankruptcy case, former TLC member T-Boz, whose real name is Tionne Watkins, was thrown out of bankruptcy court.  Can this happen to you? T-Boz had filed a personal Chapter 13 bankruptcy, claiming more than $750,000 in debts to various creditors.  But instead of granting [...]

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Burger Maker AFA Being Herded to the Auction Block

04/03/12
Associated Press
In this March 29 photo, Iowa Gov. Terry Branstad, left, and Nebraska Lt. Gov. Rick Sheehy hold a t-shirt supporting the so-called “pink slime” meat product.
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Get Out of the Branch, Go Visit Local Businesses

04/03/12

You never know if a small business owner is sitting around frustrated with his current bank - but not quite motivated to pick up and leave without prompting.

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Minnesota Lawmakers Seek to Protect Nonprofits From Clawbacks

04/03/12

Minnesota lawmakers have passed legislation to protect nonprofits and religious groups from the so-called clawback lawsuits that are a crucial tool for recovering funds stolen from Ponzi-scheme victims.

That’s the idea behind the bill that now sits on the governor’s desk. If signed into law, the bill would limit the odds that these organizations could be sued under a current state law allowing the reversal of payments made in a fraudulent manner, according to the Star Tribune.

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One Answer to Why People Hate Banks

04/03/12

My last post mentioned a column by Joe Nocera on debt collection practices. Nocera's column is entitled "Why People Hate the Banks," and it appears on the penultimate page of the national print edition of today's New York Times.

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American Banker on Credit Card Debt Collections

04/03/12

Jeff Horwitz at the American Banker has been doing some great reporting on abusive debt collection practices in the credit card industry. Joe Nocera's column took up the subject today. Robo-signing and other abuses have been a problem for a while with credit card debt collections, and Horwitz and Nocera do a public service by drawing attention to the problems.

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The Daily Docket: Reddy Ice Considers Bankruptcy

04/03/12

Reddy Ice Holdings Inc. is considering seeking bankruptcy protection in a prearranged deal with lenders and other stakeholders as it continues to incur losses, the company said in a regulatory filing. Read the Daily Bankruptcy Review article here.

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Are Student Loans the Next Subprime Debacle?

04/03/12

The average student debt upon graduation won't quite reach the level of the average subprime mortgage, but the "investment" in education will likely be farther underwater than the average subprime house.

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