ABI Blog Exchange

What is Bankruptcy?

What is Bankruptcy? Bankruptcy is a legal process that allows an individual or business that is unable to pay its debts to either restructure or eliminate those debts. The bankruptcy process is governed by federal law, and is administered by the

Tallying the costs that banks paid in a tight labor market

What Is A Bankruptcy Exemption?

Bankruptcy Exemptions Bankruptcy exemptions are legal provisions that allow a person to keep certain assets when they file for bankruptcy. These exemptions vary from state to state and can also be affected by federal law. In the United States

CLOs: Attractive investments and robust 2022 output despite tight arbitrage

Can You Protect a Vehicle in Chapter 7 Bankruptcy by Changing Name on Title?

Several things could go wrong if you try to protect a vehicle in Chapter 7 by changing the name of the title. Instead, your best step is to talk with a bankruptcy lawyer about how to protect a vehicle in Chapter 7. Certain things you do before filing

10 biggest financial data breaches of 2022

Notes on a Diversity Workshop

At the ABI Winter Leadership Conference, I attended a diversity and inclusion workshop put on by Elton Ndoma-Ogar of Alix Partners and Peter S. Salib of Perkins Coie, LLP. I wasn't sure that writing about an interactive workshop would be useful, but

Community-based lenders object to SBA plan to open up 7(a)

The decade-long transition away from Libor is almost complete

Dover Federal Credit Union in Delaware names new chief executive

Sam Bankman-Fried's $250 million bail bond approved by judge in N.Y.

Embattled Republic First in Philadelphia names permanent CEO

Credit unions ramped up bank-buying in 2022

Zelle's rocky rise in 2022

JPMorgan announces new climate targets covering aviation, cement

Credit unions are speeding a clean energy transition; NCUA can help

“Fiduciary Capacity” Discharge Exception—At U.S. Supreme Court (Spring Valley v. Forrest)

By: Donald L Swanson A bankruptcy discharge “ does not discharge an individual debtor from any debt– . . . for fraud or defalcation while acting in a fiduciary capacity.” 11 U.S.C. § 523(a)(4). The effect of this “fiduciary capacity” statute is newly

The Ever-Changing Student Loan World – Part Two

First, hot off the press: Yesterday, the Supreme Court set a date of February 28, 2023 for a hearing on the two student loan forgiveness challenges. Attorneys for the Biden administration and the challengers will be required to attend the hearing

How Student Loan Debt Affects Homeownership In Arizona

How Student Loan Debt Affects Homeownership In Arizona How Bankruptcy Can Help You Take Charge Of Your Student Loans & Homeownership Student loan debt is a major burden for millennials and has become a significant factor in preventing younger people

Gruenberg confirmation heralds the end of one era at the FDIC and the beginning of another