Bankruptcy Blogs

Why the CFPB Will Resonate on the Campaign Trail

01/12/12

Bank lobbyists tend to dismiss the importance of the consumer agency as a voting issue in the presidential campaign. Here's why they shouldn't.

[more]

After Bankruptcy

01/12/12

As a Dallas bankruptcy attorney, I find that many people leave bankruptcy with little knowledge of what to do next. Obtaining a fresh start is great, but knowing where to go and what steps to take next is crucial for their financial success after exiting bankruptcy. Organize Your Documents The best thing anyone can do [...]

[more]

After Bankruptcy: Get Organized and Start to Rebuild

01/12/12

As a Dallas bankruptcy attorney, I find that many people leave bankruptcy with little knowledge of what to do next. Obtaining a fresh start is great, but knowing where to go and what steps to take next are crucial for financial success after exiting bankruptcy. Organize Your Documents The best thing anyone can do after [...]

[more]

The Problem with Prepaid - Suze Orman Edition

01/12/12

To those of us with checking accounts, prepaid cards will never make sense. We're not used to seeing fees displayed and charged so prominently.

[more]

The Daily Docket: Ernst Seeks Dismissal of Lehman Suit

01/12/12

Ernst & Young is asking a federal judge to dismiss a lawsuit filed by the New York Attorney General accusing the accounting giant of helping Lehman Brothers Holdings Inc. disguise its financial condition while collecting more than $150 million in fees from the firm. Read the Daily Bankruptcy Review article here.

[more]

Freshness Never Looked So Disheartening: Hostess' Round Trip to Bankruptcy Court Begins

01/12/12

As noted in Steve Mufson's excellent summary in today's Washington Post (made all the more excellent by having quoted me!), the iconic Hostess Brands fell into bankruptcy yesterday.  As with every bankruptcy case, the best summary is found in the "

[more]

Foreclosure Timelines and Mortgage Delinquency: More Evidence from Bankruptcy

01/12/12

At the end of a lively session yesterday at Duke Law School featuring Professor Stephen Ware of University of Kansas Law School, there was a brief discussion of whether shorter foreclosure timelines and clearer rules would promote more workouts of delinquent mortgages.

[more]

What Is A Debt Relief Agency In Bankruptcy Reform Law?

01/12/12

The term debt relief agency appears in a legal context for the first time in bankruptcy law in the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 [The Act]. The first chapter of this new bankruptcy reform law can be found at Title 11 U.S.C. 101. This is the General Provisions chapter and it contains definitions of words of art used throughout the Act, and includes the term “debt relief agency”.

[more]