Bankruptcy Blogs

Welcome to Philomila Tsoukala

02/10/12

On behalf of Credit Slips, I wanted to welcome Professor Philo Tsoukala from the Georgetown University Law Center. Professor Tsoukala will be joining as a guest blogger, and she will be commenting especially on the Greek debt situation and how the debt situation is affecting everyday life in Greece. Professor Tsoukala specializes in family law and is the co-author of a forthcoming new edition of a well-respected textbook in the field.

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Madoff Trustee Sues Koch Industries to Claw Back Ponzi Proceeds

02/10/12
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Charles Koch

Koch Industries Inc., whose billionaire owners are funding an

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How Feds Should Explain $25B Foreclosure Pact to Consumers

02/10/12

"If we shower you with our largesse you will be required to sign away any future claims you may want to file against our valued partners in this agreement: the banks."

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FHFA's Fake $100 Billion Number

02/10/12

The critical point made in the Democratic Congressmen's letter to FHFA is this:  Director DeMarco's widely reported claim that principal write-downs on Fannie and Freddie mortgages will cost taxpayers $100 billion is simply false.  There are two reasons th

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Mortgage Modification Is Money Loser For Service Company

02/10/12

Homeowners with upside down mortgages say that it is very difficult to get their lenders to modify their mortgages under the HAMP program. One reason is that mortgage service companies make less money when a homeowner modifies a mortgage than they make when the mortgage holder forecloses or the homeowner is able to refinance, this according to a law review article in the Washington Law Review.

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The Daily Docket: Lehman Sues Citi for $2.5B

02/10/12

Lehman Brothers Holdings Inc. is suing Citigroup Inc. in an effort to recover $2.5 billion transferred to Citi in the months before Lehman’s September 2008 bankruptcy filing. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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Big Banks Betting Romney Will Restore Business as Usual

02/10/12

Is Dodd-Frank the real reason, or enough of a reason, for Wall Street to abandon Obama?

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Quote of the Day

02/09/12

In re Bank of America, N.A, 11-24503 MER, 2011 WL 2493056 (Bankr. D. Colo. June 21, 2011):

Since there is no allegation Bank of America is a railroad ...  the Court accepts Bank of America's representation that it is a “bank” for purposes of § 109(b)(2).

 

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Be the Bank to Set the Customer Loyalty Standard

02/09/12

Banks that only do the minimum to address the public's grievances may as well just put a target on their backs for regulators - as well as for competitors.

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