News Topic: consumer bankruptcy

By: Alyssa Baer St. John’s Law Student American Bankruptcy Institute Law Review Staff   ... Read full article

In 2005, Congress amended bankruptcy law to require individual debtors with primarily consumer debts to complete an "instructional course on personal financial management" to be eligible to receive a discharge of their debts . ... Read full article

A few weeks ago, Katie Porter noted the release of the new book, Broke: How Debt Bankrupts the Middle Class . We are trying to feature posts from the authors of Broke about their contributions. Today's post comes from Professor Angela Littwiin of the ... Read full article

It's the time of year when professors, including those who are adjunct professors or are interested in teaching as adjuncts, submit their proposed courses for the next academic year. Many of us teach a general 3 or 4 unit bankruptcy course that uses ... Read full article

By: Patrick McBurney St. John's Law Student American Bankruptcy Institute Law Review Staff ... Read full article

Two weeks ago, I blogged about the Forms Modernization Project's effort to create new forms specifically for consumer bankrupts. The chair of that Project, Judge Elizabeth Perris, offered a lengthy comment that shared some information on the goals ... Read full article

Even though I was up at 4am Pacific this morning, the AG and federal government mortgage settlement was nearly old news by then. But in case you haven't heard, here is your official Credit Slips announcement--there was a $26 billion settlement.While ... Read full article

Saab Cars North America said it will file for Chapter 11 protection in Michigan, a move that comes a little more than a week after some of its dealerships sought to push the Swedish auto maker’s U.S. unit into bankruptcy proceedings in Delaware. Read the ... Read full article

Associated Press Llamas from Ryan Patrick Scott’s failed business venture are seen in Independence, Iowa. Household pets who belong to financially struggling owners co ... Read full article

In many respects, bankruptcy is a one-size-fits-all legal process. Yes, there are ample differences in the law (and a world of difference in practice) between the bankruptcy of a large corporation and a typical consumer. But the Bankruptcy Code itself ... Read full article

During the State of the Union address, the President crowed about the success of the GM/Chrysler bailouts, noting that these companies were thriving again. An NPR program this evening was holding up GM/Chrysler as a beacon of hope for Kodak, as if ... Read full article

In the introductory chapter of the book, Broke: How Debt Bankrupts the Middle Class ,  I present some data about consumer debt levels in the United States. ... Read full article

Empowered by a recent court ruling, Jefferson County, Ala., leaders are planning to wield their bankruptcy case privileges to squeeze sewer system bondholders who—for nearly half a decade—have squeezed them. Read the Daily Bankruptcy Review article here . ... Read full article

A new study by Credit Slips own Jean Braucher and Bob Lawless (with Dov Cohen) on race and bankruptcy filings received very prominent and well-deserved page A1 coverage in the New York Times.  It's a fabulous study, and it's wonderful to see it ... Read full article

The article discussed in the N.Y. Times story today is heavily empirical. It is also deliberately light on the prescriptive. ... Read full article

As Adam noted in his kind post, the New York Times today featured our study, "Race, Attorney Influence, and Bankruptcy Chapter Choice." My co-authors are Credit Slips blogger Jean Braucher, a law professor at the University of Arizona, and Dov ... Read full article

Credit Slips Own Anna Gelpern has a great new article in the Yale Law Journal that very much deserves a plug. It's called " Bankruptcy, Backwards:  The Problem of Quasi-Sovereign Debt ." The article deals with the problems of financial ... Read full article

At the end of a lively session  yesterday at Duke Law School featuring Professor Stephen Ware of University of Kansas Law School, there was a brief discussion of whether shorter foreclosure timelines and clearer rules would promote more workouts of ... Read full article