News Topic: CreditSlips

I have posted a short draft article about mass tort bankruptcy . If you would like to send me comments on the draft, that would be lovely, but please keep two caveats in mind. First, I must submit the revisions by February 9. Second, the article must not ... Read full article

The list of countries with new personal insolvency laws continues to grow. Bloomberg noted today that the President of Kazakhstan had signed a new law setting out several procedures for relieving the debts of non-entrepreneur individuals (sole proprietors ... Read full article

The Washington Post has an article about a new business, "Karens for Hire," that is basically a way to hire a customer service advocate. Having spent way too much time with customer service of late, the article really hit a nerve. It gets at the ... Read full article

I have a new draft article up on SSRN . It's called  The Financial Inclusion Trilemma . The abstract is below.  ... Read full article

Alex Jones filed for Chapter 11 bankruptcy himself today . So what is Mr. Jones hoping to accomplish with the bankruptcy filing? I see three possible goals, but I'm skeptical that he'll achieve more than one of them. ... Read full article

Earlier this fall I linked to a variety of resources, including webinars, on amendments to the Uniform Commercial Code to account for various types of digital assets . The scope includes but is not limited to commercial transactions involving ... Read full article

Nine years ago, Credit Slips announced its new Twitter feed. Credit Slips  is now also on Mastondon, at @creditslips.mastodon.lawprofs.org . We'll put links to our posts on Mastodon as they are published, as well as boost Credit Slips authors. For ... Read full article

The Department of Justice, in coordination with the Department of Education, has announced a new process for its handling of bankruptcy cases in which debtors seek an undue hardship student loan discharge. This new guidance has been a long time coming. In ... Read full article

For months, cryptocurrency FTX (and its majority owner, Sam Bankman-Fried) have been the lender of last resort in crypto markets and pretty much the only distressed acquirer around. Now we learn that FTX has itself failed and is getting scooped up in a ... Read full article

Judge Judith Fitzgerald (ret.) and I have a post about the Texas Two-Step bankruptcy process up at the Harvard Bankruptcy Law Blog, which has been running a series on the phenomenon.  And the Slips' own John A.E. Pottow has a capstone post on the ... Read full article

I know I’m carrying around some extra weight.  But I don’t think it’s quite double insulation.  That sounds like something you need if you’re going on a polar expedition or are really concerned about the heating bill.  But the concept of "dual ... Read full article

One would have thought that after a dozen years the challenges to the CFPB’s constitutionality would have been over and that the Supreme Court’s decision in Seila Law would have put the matter to rest. ... Read full article

This past month, Nathalie (Martin) and I gave a talk at the Tenth Circuit Bench and Bar Conference on Credit, Race, Class, and Bankruptcy. After recounting some of the historical reasons for persistent wealth, income, and debt gaps among different races ... Read full article

... Read full article

I teach about the $40 latte--a $5 latte with a $35 overdraft fee--and think I know how to avoid that. But I was pretty shocked when I looked at my Chase credit card statement today and saw the card card equivalent of an outrageous overdraft fee:  $20 in ... Read full article

... Read full article

This draft essay, Fake and Real People in Bankruptcy , just posted on SSRN, is considerably less far along than Unbundling Business Bankruptcy Law, posted last week . ... Read full article

A long-in-process draft article has just become available to be downloaded and read here . Comments remain welcome.  The Weinstein Company bankruptcy features prominently in this draft article.  ... Read full article