Bankruptcy Blogs

Bankers, Pay Attention to Google+

07/17/11

If your marketing and technology teams aren't at least aware of the Google+ beta, then maybe it's time to shake things up a bit.

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Attorney General Wont Oppose Same-Sex Bankruptcy Petitions

07/17/11

Married couples can file a joint petition in bankruptcy for a single filing fee.  Consolidation of cases for married couples saves administrative cost, attorney fees, and can promote domestic harmony.  This benefit has, until recently, been denied by some courts for same sex married couples.  The United States Department of Justice has announced that it [...]

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Richard Cordray to Lead Consumer Agency – Confirmation Fight Brewing

07/17/11

According to a New York Times story that broke just minutes ago, former Ohio Attorney General, Richard Cordray has been chosen to head the Consumer Financial Protection Bureau (CFPB). Mr. Cordray came to national attention for his aggressive investigations of mortgage foreclosure practices while he was attorney general. President Obama notably chose to pass over [...]

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Elizabeth Warren Ousted at the Consumer Financial Protection Bureau?

07/17/11

Has President Obama Eliminated Elizabeth Warren as a Candidate to Head the Consumer Financial Protection Bureau? This week the Consumer Financial Protection Bureau (CFPB) officially opens for business with Harvard Law Professor and bankruptcy expert Elizabeth Warren at the helm (at least for now). Ms. Warren has been an enthusiastic proponent of increased government oversight [...]

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Bankruptcy Tweets for July 2011 - Part II

07/17/11

Below are my twitter posts since my last post of July 4 of 47 recent posts of bankruptcy cases and commentary, along with 15 other items of general interest.  RSS Feeds

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Sarah Woo

07/17/11

I am sad to report that my co-author, and recent Credit Slips guest blogger, Sarah Woo of NYU recently passed away after a long illness. She was one of the few who easily bridged the devide between banking and bankruptcy, and will be missed.

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Unclaimed Funds Database Available on the Court's Website

07/16/11

Jon, Please let the world know about this via your Blog! Thanks! Scott http://ecf-ciao.cacb.uscourts.gov/unclaimedfunds/ Hon. Scott C. Clarkson United States Bankruptcy Judge Ronald Reagan Federal Building and Courthouse ----- Forwarded by Scott Clarkson/CACB/09/USCOURTS on 07/13/2011 04:10 PM ----- Date: 07/13/2011...

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Do I have to reaffirm my car loan in chapter 7 bankruptcy?

07/16/11

I generally try to talk clients out of reaffirming a car loan in most cases but it is ultimately the client’s choice.  Reaffirmation is risky because if the car is destroyed in an accident or you lose your job you still have to keep up the payments, you just cannot walk away.  There seldom is [...]

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Statistics published about loan modifications ignore the real problem which is “eligibility.”

07/16/11

Most people agree that the HAMP modification program is a complete failure.  The disagreement is over why.  In a report published by Propublica different servicers are rated for completion of trial periods.  The report only deals with modifications that have entered the trial periods.  Ocwen did the best while Bank of America and Wells Fargo [...]

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