News Topic: consumer bankruptcy

     California's tiered homestead exemption protects a debtor's dwelling to the extent of $75,000, $100,000, or $175,000, depending upon the debtor's status, protects a like amount of proceeds of an execution sale of the homestead for six ... Read full article

A couple weeks ago, on Last Week Tonight , John Oliver started what promises to be the greatest pyramid scheme ever. In an effort to help him, watch the segment here (warning: language). ... Read full article

     Imagine a conversation with Siri (or other digital assistant), circa 2040, that begins as follows:         Mariana: Siri. I am wondering whether I should file bankruptcy. What do you think? Siri: Have you considered meeting with a consumer bankruptcy ... Read full article

Credit Slips is delighted to welcome first-time guest blogger, Professor Gary Neustadter . A renowned innovative teacher, Professor Neustadter  specializes in debtor-creditor law, contracts, consumer protection, and legal practice. ... Read full article

The Consumer Financial Protection Bureau's consumer complaint database has contained narratives for over a year now. Each month, the CFPB publishes a report that summarizes the complaints received over the previous three months, and that focuses on a ... Read full article

Are tuition payments for an adult child's education, while the parents are insolvent, constructively fraudulent? As the WSJ reported this week, Bankruptcy Judge Hoffman (D. Mass.) recently held that they are not. But other courts have disagreed. ... Read full article

For the past four years, Jim Greiner, Lois Lupica, and I have been working on the Financial Distress Research Project (FDRP) * , a large randomized control trial trying to find out what works to help individuals in financial distress. ... Read full article

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An Uber driver sits in his car near the San Francisco International Airport on July 15, 2015. ... Read full article

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Several court websites that are portals to bankruptcy court filings were down on Tuesday morning—the first day that  bankruptcy lawyers are supposed to file documents using newer forms . Many court websites were offline for several hours starting on ... Read full article

The paperwork that people and businesses have used to file for bankruptcy protection since the 1980s is being replaced on Dec. 1 with forms that have clearer, easier-to-understand instructions and that’s…bad? ... Read full article

As expected, as the number of consumers filing bankruptcy has continued to decrease, the revenue of the consumer bankruptcy debtor and creditor bar has been hit hard. Over the past several years billable hours of business bankruptcy (including insolvency, ... Read full article

Andrew Krech/Citizens’ Voice via Associated Press In the latest battle over whether bankrupt parents should have paid for their kids’ college education, the University of Southern California made it clear that t ... Read full article

Coal producer  Walter Energy , Inc. is headed to a January bankruptcy auction with an offer from senior lenders to cancel or take on $1.25 billion of the company’s debts to set a floor price for the competition, Read the Daily Bankruptcy Review story in ... Read full article