Bankruptcy Blogs

Greek VoluntaryInvolutary DealNoDealDeal: Convolution Eupdate

01/06/12

Will Greece reach a voluntary deal with its creditors to write down its debt by 50% in the coming weeks? Will it default? ... or will its official patrons blink, pay up, and let the creditors off the hook? I hear at least two uber-expert Euro-watchers have taken opposite sides of the bet on that one. I bet nobody wins.

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'Free' Checking That Isn't Has Cost Banks Their Reputations

01/05/12

Consumers are regularly disappointed when they are drawn into accounts portrayed as "free" and then wind up being socked with fees and charges. Then they tell all their friends.

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Bankruptcy Debtors Cannot Intentionally Delay Important Petition Amendments

01/05/12

The bankruptcy rules provide that a debtor may amend his bankruptcy schedules at any time prior to the case being closed. The debtor can file amendments which claim additional exemptions or new theories of exemption even when property was not claimed as exempt on the debtor’s initial schedules. 
There are, however, some limits on the debtor’s ability to make amendments. A creditor or trustee may object to an amendment which is made in bad faith or which prejudices the creditors.

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Compliance Needs to Start with the CEO

01/05/12

In this regulatory environment CEOs need to set compliance priorities. But with so many regulations, and more to come, where to begin? Focus on five areas.

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Bankruptcy Myths Debunked

01/05/12

As a Fort Worth bankruptcy lawyer I encounter clients each day that express concern over their future after filing for bankruptcy. Unfortunately, there are many myths and misconceptions about bankruptcy that float around and scare people away from taking advantage of the benefits bankruptcy can offer. Common Misconceptions One fear most people express is that [...]

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Why Not 100% Risk Retention? Make Mortgage Originators Hold the Bag

01/05/12

Recourse to originator is proven to work, it's normal. When credit card receivables are securitized, the originator/servicer must stand behind them.

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Banks Should Beat the CFPB to the Punch

01/05/12

Despite new threats of legal challenges or hopes for structural changes, this agency cannot be wished away. But banks can still influence the size and nature of the role the CFPB will play.

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Jackson Hewitt Hosts a Dance Party

01/05/12

Fresh out of bankruptcy, Jackson Hewitt Tax Service Inc. is ready to reinvent itself this tax season. And it’s starting with Montel Jordan.

The performer’s R&B hit “This Is How We Do It” provides the soundtrack for a new Jackson Hewitt advertising campaign, called, unsurprisingly, “Jackson Hewitt’s How You Do It.”

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