Bankruptcy Blogs

Advice for Creditors on Reaffirmation Agreements

06/10/11

Yes, you read it right.  This is about giving creditors advice about reaffirmation agreements.  It just might be a first here at Bankruptcy Law Network.  But it’s occurred to me that creditors deserve some help from time to time.  So why not? The reaffirmation provisions are hopelessly flawed Before 2005 reaffirmation was simple.  The debtor [...]

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My Lender Wants Me to Reaffirm My Car Loan–What Should I Do?

06/10/11

So, you’re in a Chapter 7 bankruptcy and you want to know whether you should reaffirm your car loan.  A reaffirmation agreement basically takes a secured loan, like a car loan, outside the effect of your bankruptcy discharge.  As to that one debt, it’s like you never filed bankruptcy.  You filed Chapter 7 bankruptcy in [...]

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Sub-prime Loans are Back – this time in Auto Loans

06/10/11

An article in this past week’s issue of the online publication Collection & Credit Risk raises the question of whether the spread of sub-prime loans in industries other than mortgages could prompt a replay of the Great Recession of 2009. According to credit bureau Experian, financing for new and used vehicles to borrowers with credit [...]

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CFPB Rumors Just Making Situation Worse

06/10/11

I just don't get it. Why is the White House floating Raj Date, one of Elizabeth Warren's top lieutenants at the Consumer Financial Protection Bureau, as the agency's potential director? Don't get me wrong, Date is eminently qualified for the job. A former banker and financial analyst, Date no doubt has the chops for the post. What I don't understand is the political motivations behind floating his name at all.

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Poetic Justice

06/09/11
Way back in 1986, Judge A. Jay Cristol denied his own sua sponte motion to dismiss a chapter 7 bankruptcy case in verse. In re Love, 61 B.R. 558 (Bankr. S.D. Fl. 1986). Some 20 years later, he penned another poetic opinion, this time finding that he was not required to sua sponte dismiss a Debtor's case for failure to file the required paperwork. In re Riddle, No. 06-11313 (Bankr. S.D. Fl.
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Oh Swell

06/09/11

Alphaville has a very important post on AIG's attempt to gross up its ROE post-bailout.

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Chief Factor in Small-Bank Survival? It's the Chief

06/08/11

Painful consolidation is coming to community banks, and the biggest determinant of which companies will survive is the quality of senior management, particularly the chief executive.

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Can Facebook Ruin Your Bankruptcy?

06/08/11

social media and bankruptcySocial Media sites, and Facebook in particular, have changed the practice of law.  Divorce lawyers regularly review the opposing party's Facebook profile for evidence of adulte

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Can Facebook Ruin Your Bankruptcy?

06/08/11

social media and bankruptcySocial Media sites, and Facebook in particular, have changed the practice of law.  Divorce lawyers regularly review the opposing party’s Facebook profile for evidence of adult

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Can Facebook Ruin Your Bankruptcy?

06/08/11

social media and bankruptcySocial Media sites, and Facebook in particular, have changed the practice of law.  Divorce lawyers regularly review the opposing party’s Facebook profile for evidence of adult

[more]