Bankruptcy Blogs

The Crisis of Fake Constraints: Greek Denouement Eupdate

01/27/12

Unless Greece and its creditors reach a deal in the next few days, Greece has no money to pay €15 Billion or so due to its bondholders in March.

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To Right Foreclosure Wrongs, Go With the Bird in the Hand

01/27/12

The foreclosure reviews mandated by the Fed and the OCC have a better chance of helping current and future borrowers than the state attorneys general settlement, if it ever happens.

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Are Consumer Bankruptcy Attorneys Biased Towards Chapter 13 Bankruptcy?

01/27/12

Are Consumer Bankruptcy Attorneys Biased? In my experience, absolutely not. In fact, consumer bankruptcy attorneys are among the most dedicated the legal profession has to offer, performing what is sometimes a thankless job for people who are under tremendous stress both financially and emotionally. However, like any large group, there are areas that the consumer [...]

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Zoo: Feeding the Giraffes

01/27/12

Feeding the Masai giraffes at the San Diego Zoo.

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Bankruptcy's Effect Upon Government Security Clearance And Job

01/27/12

People working for the U.S. government in sensitive positions are frequently concerned that filing bankruptcy will jeopardize their government security clearance. I have not heard from any of my own bankruptcy clients that their bankruptcy caused them to lose their government jobs or security status.

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Pre-packs endorsed by the Government

01/26/12

After examining the use of pre-packs as an insolvency tool, the government has abandoned the idea of legislating to give notice to creditors in all pre-packs and concluded that:

"Pre-pack sales can offer a flexible and speedy means of business rescue and when used appropriately can be the best way of maximising returns for creditors."

The challenge that the Minister has laid down to insolvency regulators is to ensure that pre-packs are used "appropriately".

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Mobile Wallet's Missing Ingredient: a Reason to Use It

01/26/12

Cash and traditional cards are entrenched. Without rewards, the digital wallets are unlikely to make a dent.

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Next Round of Stress Tests May Be Destabilizing

01/26/12

Historically, regulators and bankers would have made a strong case that this kind of supervisory effort, however important, should absolutely be kept private.

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Break up Bank of America?

01/25/12

Steve's title was subtle, so in case anyone missed it, here are the materials on Public Citizen's website. The petition calls on the Federal Reserve and the Financial Stability Oversight Commission to use their authority under Dodd-Frank to break up Bank of America.

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