News Topic: CreditSlips

We may be beginning to see the fallout from Stern v. Marshall , the Supreme Court case on bankruptcy jurisdiction courtesy of Anna Nicole Smith's bankruptcy. Last week, the U.S. Court of Appeals for the Seventh Circuit issued a broad decision that ... Read full article

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Bill Black has an interesting new take on the role of Fannie and Freddie in the housing bubble . He sees their investment in non-prime mortgages as being driven by executive compensation, rather than a fight for market share against investment bank ... Read full article

To all law profs out there who plan to attend next week's Association of American Law Schools annual meeting, be sure not to miss the Creditors' and Debtors' Rights section program Saturday morning at 8:30.   The theme of the program:  ... Read full article

A correspondent and I were discussing the changes wrought by the 1978 enactment of the current U.S. Bankruptcy Code. My correspondent noted that corporate bankruptcy became more salient after 1978 and linked this phenomenon to the 1978 law. My perception ... Read full article

One more quick poll: off the top of your head, what lingo/cryptic terms do business bankruptcy professionals use regularly that are important to understanding the operation of the system in the real world (e.g., DIPs, cramdown, roll-ups, carve-out, ... Read full article

Michael Olenick , Gretchen Morgenson , and Yves Smith have all written pretty damning things about the ... Read full article

On December 7, 2011, President Obama signed the Federal Courts Jurisdiction and Venue Clarification Act of 2011, H.R. 394, P.L. 112-63. The bill does not amend 28 U.S.C. 1408, the primary venue provision for bankruptcy cases in the U.S. Nonetheless, the ... Read full article

According to this new report . As Mirya Holman and I have explained  in the bankruptcy context, measuring medical bill problems and debt is notoriously contested, but the Center for Studying Health System Change does try to make clear its methods and also ... Read full article

Who knew that Mitt Romney had outflanked Obama on the left ? Well, it took Nixon to go to China, but I expect we'll see a lot of backpedaling here.  ... Read full article

As Alan White reported recently , the Uniform Law Commission in the U.S. has named a committee to consider the need for and feasibility of proposing a uniform foreclosure act and to report back to the ULC by early 2012. ... Read full article

Thanks, Bob, for welcoming me back. I'd like to start with a quick poll. Credit Slips readers, off the top of your head, what short writings (say 5 pages or fewer) should law students be doing that would be directly relevant to business bankruptcy ... Read full article

A few evenings ago, a wonderful e-mail arrived in my inbox from Melissa Jacoby , the Graham Kenan Professor of Law at the University of North Carolina. Melissa was one of the founding members of Credit Slips , and she was writing to accept our invitation ... Read full article

The Administration seems to have cut a deal to extend the payroll tax cut, which is a smart economic move in terms of trying to support demand. But it's being paid for by an increase in the "G-fee" (guarantee fee) charged by FHA and Fannie ... Read full article

Foreclosure statistics obviously vary from local jurisdiction to jurisdiction, as well as from one time period to the next. For example, sometime back in 2008, New Mexico was 36th in the nation in the number of foreclosures, obviously lower than average. ... Read full article

It is getting really old, the exasperation of entitled financial journalists that ordinary folks are not walking away from their underwater homes as much as they supposedly should. The latest to sound this tired refrain is James Surowiecki in The New ... Read full article

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Although debtors' prisons are illegal across the country, you can apparently still end up in debt for an unpaid bill. ... Read full article