Bankruptcy Blogs

Crisis Just Goes with the Territory

04/02/12

In 54 of the years of the 20th century, a banking crisis started somewhere and these crises involved scores of countries. Banking is fundamentally risky.

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JPMorgan Chase Knew MF Global All Too Well

04/02/12

JPMorgan Chase had a bird's-eye view of Jon Corzine's brokerage - and a history with its compliance chief. The bank must have at least a clue about the missing $1.6 billion.

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Make Student Loan Debt Dischargeable in Bankruptcy…Again

04/02/12

Why Not Student Loans? In the famous decision, Local Loan Co. vs. Hunt, the Supreme Court summed up the relatively simple policy behind our bankruptcy laws: the ”honest but unfortunate” debtor is given the opportunity to start over, “unhampered by the pressure and discouragement of preexisting debt.” The idea of periodic debt forgiveness is ancient, appearing numerous [...]

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Big Data, Big Hype

04/02/12

Which is more lucrative, selling transaction data to marketers or handling the actual payment transactions? Is it really the data, as Amex now claims?

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Mortgage Servicers Play Cruelest April Fool's Joke of All

04/02/12

A homeowner's struggle to get a loan modification demonstrates the insanity (and inanity) of dealing with lumbering corporate bureaucracies.

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Florida Case Provides Textbook Example of How to Handle a Discharge Violation

04/02/12
A case involving an elderly woman and egregious violations of the discharge has generated a bit of buzz in the blogosphere. I first noticed it here on the Huffington Post. I decided to write about this case because I was frustrated with trying to verify the posts and because I think ithe case offers a good example of how to efficiently deal with a discharge violation.
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Toward Cashlessness?

04/02/12

One of my students came across a humorous blog post from February, 2012. Titled, “What your payment method reveals about you,” the author listed a series of unlikely payment actions and a line on the presumed personal characteristics of the payer. The humor appeals to… well, us, anyway, and probably you, too.

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Debt Settlement Attorneys Beware, the Bankruptcy Court She’s a Watchin’

04/02/12

The Bankruptcy Court Scrutinizes Fees Charged by Consumer Attorneys By definition, the assets of bankruptcy debtors are limited. Taking this reality into account, the Bankruptcy Code has historically required debtor attorneys to disclose their fees, and in some cases, prove that what they’ve charged is reasonable. In order to protect debtors who have fallen on [...]

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The Daily Docket: Pinnacle Enters Bankruptcy

04/02/12

In a news release, Pinnacle Airlines Corp. says that it and its subsidiaries have filed for Chapter 11 bankruptcy protection.

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