CreditSlips

Commercial Law in the Legal Academy

04/13/13

Brian Leiter's been running a poll about what areas of law and legal study deserve more attention from the legal academy. I was rather surprised by the choices in the poll: areas that I've always thought are well-covered like family law are included, while commercial law isn't even on the list.

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Vermont Employer uses Behavioral Economics to Turn Debt into Wealth

04/10/13

Some readers might enjoy this PBS video about a Northern Vermont company that helps people weather financial storms with small loans. Rhino Foods in Burlington found that employees in financial strain were not as good at their jobs and that the small loans improved the company’s bottom line.  Rhino brought in a combination social worker/financial advisor, who helped arrange 17% income advance loans paid back through wage deductions.

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Interesting Automatic Stay Decision in FastBucks Chapter 11 Case

04/09/13

Readers might recall that back in November, I blogged about a case in which the unconscionability doctrine was used to invalidate one lender’s entire book of payday and installment loans. The post described how the court found that FastBucks employees encouraged borrows to not pay off loans, which loans were found to violate state law.

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More Pari Passu Judging Puzzles

04/03/13

I find recent court action in NML v. Argentina much more intriguing than Argentina's proposal last Friday to reopen its 2010 debt exchange.

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Debtor Audits, RIP

04/03/13

Hot of the presses that the EOUST has (again) suspended its "required" debtor audits due to budgetary constraints.  Initially they were supposed to do 1 in every 250, and that number fell in recent years to one in every 1,500 or so due to constraints, and sometimes they just run out of money toward the end of the fiscal year.  This is the most precocious suspension I'm aware of.  (But it sounds like such a great idea on paper...)

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Comments, Spam, Loyal Readers, and False Positives

04/02/13

The many interesting comments left by our informed readership help make Credit Slips one of the best places on the Internet for informed discussion about debt and bankruptcy issues. The many spam comments make Credit Slips a less useful resource.

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04/02/13

Financial Education in Singapore

03/31/13

As Lauren's work has detailed, there's a veritable financial literacy industry in the United States. The CFPB is even charged with undertaking certain financial literacy initiatives. As it turns out Singapore is a full decade ahead of us on this front.  The government of Singapore has a quite good financial education website.  

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