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We just passed the seven year anniversary for bankruptcy reform.  It is hard to believe that October 17 made for the seventh year since reform.  Most bankruptcy professionals would agree that reform has been a disaster.  There is such a greater cost and burden to a debtor who is simply trying to avail himself of a fresh start.  Adding insult to injury is the consumer protection element that has caused for strict scrutiny of reaffirmation agreement; unless your lender is a credit union, of course.  In that case, there is zero consumer protection.  That is unfortunately how the law is laid ou

As Lake Las Vegas shows signs of life, playing host to President Barack Obama as he prepares for Wednesday’s debate with Mitt Romney, details are emerging about how billionaire brothers Sid and Lee Bass cashed out of their ownership stake before the resort tumbled into bankruptcy. Read the Daily Bankruptcy Review article here.

The Federal Deposit Insurance Corp . is continuing its courtroom battle with creditors of a number of the former holding-company parents of failed banks over the ownership of billions of dollars in tax refunds and other assets left behind in the wake of the financial crisis. Read the Daily Bankruptcy Review story here.