Bankruptcy Blogs

Nine Dangerous Words: "Show Me Where It Says We Can't Do That"

09/13/11

A rising regulatory focus on unfair, deceptive and abusive acts and practices has made, "show me where it says we can't do that," a very dangerous sentence.

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Comeuppance for Harsh Discovery Order?

09/13/11

From: Bankruptcy law discussion list [mailto:[email protected]] On Behalf Of Camp, Bryan Sent: Tuesday, September 13, 2011 11:07 AM To: [email protected] Subject: Comeuppance for Harsh Discovery Order? Hi all, If y'all recall a recent Order posted on this list from US...

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Marriage, College, Job Won’t Ward Off Bankruptcy

09/13/11
Associated Press

A wedding ring, college degree and a well-paying job: the American dream or a recipe for bankruptcy?

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Bankruptcy; Not a Four-Letter Word

09/13/11

Bankruptcy has had a bad reputation over the decades for some good and some bad reasons. The good reasons f

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The Daily Docket: Thornburg Suit Can Proceed Against BarCap

09/13/11

A federal judge ruled that the court-appointed trustee overseeing the liquidation of Thornburg Mortgage Inc. can move forward with a lawsuit against Barclays Capital Inc. over allegations that the bank made improper margin calls that helped drive the mortgage lender into bankruptcy. Read the Daily Bankruptcy Review story here in The Wall Street Journal.

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Restore Some Bailout Flexibility to the Federal Reserve

09/12/11

Looking at the history of unsuccessful efforts to tame the economic cycle, one must ask whether Dodd-Frank will harm, rather than help the Fed's ability to react in the next crisis.

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File A Chapter 13 to Buy Time! (Even If You’re Not Insolvent!)

09/12/11

You can file for bankruptcy protection even if are not technically insolvent.  The common definition of insolvency is the inability to pay one’s debts as they fall due.  So, if you can pay some or most of your bills, you don’t fit the definition.  But you still might need the help that filing a bankruptcy [...]

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Engineer A Prison Break With Chapter 13

09/12/11

Anti debtor attitudes in the “reformed” bankruptcy  law make Chapter 13 resemble debtor’s prison, claims my BLN colleague Carmen Dellutri.  Let me counter that being in debt is itself  debtor’s prison, and if the escape route out of debt has some rough spots, it’s still better to end up debt-free through Chapter 13. As a [...]

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