Bankruptcy Blogs

The Daily Docket: Creditors Say Lehman Plan to Easy on Fuld, Others

08/15/11

The government’s bankruptcy watchdog and disgruntled investors suing Lehman Brothers Holdings Inc.’s former leaders are both objecting to the investment bank’s bankruptcy liquidation plan, saying it’s too easy on the executives and board members who oversaw the bank’s collapse. Read the Daily Bankruptcy Review story here.

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Keep your children’s and your parents’ assets out of your bankruptcy!

08/15/11

Too often, parents forget to consider their children’s assets when filing bankruptcy.  For example, they may control accounts under the Uniform Transfers to Minors Acts.  They may have custodian accounts. They may serve as trustee under various trusts.  They may have established educational savings accounts under section 529 of the Internal Revenue Code.   No [...]

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7 Mistakes Lawyers Make That Could Put Your Confidential Information Into The Hands of Identity Thieves

08/14/11

In each of the following mistakes, ask yourself whether you think a receptionist, delivery person, or cleaning crew could get their hands on your confidential legal documents. I think you’ll agree that any one of these mistakes could result in your Social Security Number and other secret information falling into the hands of someone who [...]

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WARNING TO California and Florida Residents

08/14/11

If you live in California or Florida, your financial problems are probably more serious than if you lived in other states. The large number of residents in these states – combined with home values that skyrocketed and then collapsed – resulted in many people owing far more on their homes than their homes are worth. [...]

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Fannie Mae Pushing Foreclosures

08/14/11

Story in the Detroit Free Press today here, and my commentary at Consumer Law & Policy here.

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The US Government and the Foreclosure Crisis: Out of Ideas or Out of Will?

08/13/11

It’s old news that federal housing agencies need better ideas about what to do about the foreclosure crisis.  The new development is that they realize it and have issued a blunderbuss “RFI” (request for information) seeking ideas from anyone willing to write in by September 15 describing business structures for the government to off-load foreclosed properties it is holding, particularly in “large scale transactions” to deal with the scale of the problem of lingering “inventory.”  See he

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