Bankruptcy Blogs

Does bankruptcy help with inherited debt?

04/03/11


“Do I need to file bankruptcy on inherited debt?”

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Regulations Are Burying Small Banks Alive

04/01/11

Some 7,000 community banks have been thrown under the Dodd-Frank bus and are feeling the full brunt of the financial "reform" legislation. The 2,300-page bill will heap at least 10,000 pages of new regulations on community banks while doing almost nothing to solve the problems that brought us to financial panic in 2008.

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Bankruptcy Tweets for March 2011

03/31/11

Too busy to blog, but still trying to tweet cases daily that I think you'll find of interest (and perhaps even helpful to one of your current cases).  RSS Feeds are also available.  These are my tweets since my last blog post at the end of January:

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Even in Disclosure, Fed Shows Propensity to Obfuscate

03/31/11

The Fed's data dump Thursday was at least as noteworthy for how it was disclosed as for what it disclosed. The information was made available on computer disks - wait, people still use those? - that reporters could pick up from the Fed's building in Washington (or have mailed to them if they were willing to wait). Viewable on the disks were reams of documents captured in an overwhelming number of unsearchable PDF images meant to be opened one by one.

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Mortgage Brokers, It's Time to Get Real

03/30/11

It is high time mortgage lenders stopped acting like victims and started exercising the responsibility that comes with the rich fees they earn from lending. And why on earth would banks not want to police their brokers?

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Dodd-Frank's Bizarre Notion of 'Ability to Pay'

03/30/11

Maybe the idea was that banks were too stupid to see that they needed to "consider" ability to pay, but once compelled to consider it, they would make better lending decisions.

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Chapter 7 Bankruptcy Trustee May Challenge Increased Unsecured Debt Within Six Months Prior To Filing

03/28/11

Bankruptcy trustees seem to be getting tougher on debtors who incur significant credit card debts and large secured debt obligations prior to filing Chapter 7 bankruptcy. I am seeing challenges asserted against significant credit card charges within six months prior to filing bankruptcy. That does not mean that you cannot use a credit card for six months before you file. It means that large charges or a substantial increase in credit within the prior six months could draw scrutiny.

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