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Insolvency Service “reframes” view of creditor – IPs can apply their discretion (UK)

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More Americans Using Tax Refunds to Pay for Bankruptcy

With tax season upon us, many New Jersey residents are trying to decide what to do with that much-anticipated tax refund check. Increasingly, with inflation on the rise, people in New Jersey and throughout the country are using their refunds to file

Impact of the Illinois Predatory Loan Prevention Act

In 2021 Illinois passed its Predatory Loan Prevention Act (PLPA), which imposes a 36% military APR (MAPR) cap on all loans made by non-bank or credit union or insurance company lenders. Not surprisingly, the law has not been popular with...

Impact of the Illinois Predatory Loan Prevention Act

In 2021 Illinois passed its Predatory Loan Prevention Act (PLPA), which imposes a 36% military APR (MAPR) cap on all loans made by non-bank or credit union or insurance company lenders. Not surprisingly, the law has not been popular with higher cost

The Texas Two-Step's Liquidation Problem

This post is a joint post by Hon. Judith K. Fitzgerald (ret.)[*] and Adam Levitin The Texas Two-Step has been the latest fad in mass tort bankruptcies, used, among others, by Johnson & Johnson, Georgia-Pacific, and, in a variation, 3M....

The Texas Two-Step's Liquidation Problem

This post is a joint post by Hon. Judith K. Fitzgerald (ret.) [*] and Adam Levitin The Texas Two-Step has been the latest fad in mass tort bankruptcies, used, among others, by Johnson & Johnson, Georgia-Pacific, and, in a variation, 3M. The essential

Weekly News – January 13

Coming Soon: Serta “uptier” back in the spotlight You be the Judge: Should an “open-market” purchase be open to all Lender Click through and make your voice heard Is John Ray the right man for the job? Sullivan & Cromwell conflicts take center stage

FTX Bankruptcy Court Hearing Audio, November 22, 2022

Audio of the bankruptcy court hearing held on November 22, 2022 in one click: https://soundcloud.com/ftx-audio/ftx-bankruptcy-court-hearing

FTX Bankruptcy Court Hearing Audio, December 14, 2022

Audio of the bankruptcy court hearing that can be played in one click: https://soundcloud.com/ftx-audio/ftx-bankruptcy-court-hearing-december-…

FTX Bankruptcy Court Hearing Audio, December 16, 2022

Audio of the bankruptcy court hearing that can be played in one click: https://soundcloud.com/ftx-audio/22-11068-2022dec16?

FTX Bankruptcy Court Hearing Audio, January 4, 2023

Audio of the bankruptcy court hearing that can be played in one click: https://soundcloud.com/ftx-audio/22-11068-2023jan4

Understand Bankruptcy Basics Before You Need Them

Bankruptcy basics are simple: bankruptcy is the legal system’s remedy for debts beyond the ability of the person who owes money to pay. Bankruptcy in the United States operates to satisfy a person’s debts to the extent possible and to enable those

FTX Bankruptcy Court Hearing, January 11, 2023

Audio of the bankruptcy court hearing that can be played in one click: https://soundcloud.com/ftx-audio

BofA says it will pay up to slow deposit flight

Several big banks will resume buybacks after 2022 breather

BNY Mellon's new CEO vows to hold the line on expenses

Fed survey: Home Loan bank advances are popular liquidity fallback for banks

JPMorgan, other big banks again add to their reserves

Yellen says U.S. to take extraordinary steps to avert a default

Congress made it easier for banks to hire applicants with criminal records. But does it help convicts or banks more?

5 ways small financial institutions collaborated on tech