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

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Should Casey Anthony File Chapter 7 Bankruptcy?

If I were a law school profession teaching an introductory consumer bankruptcy class I would consider the following question for a final exam: Would You Advise Casey Anthony To File Chapter 7 Bankruptcy? Assume That A Civil Jury Would Find...

U.S. Supreme Court Holds that Conferring Authority on Bankruptcy Court’s to Issue Final Judgments on a Debtor’s State Law Counterclaim under 28 U.S.C. § 157(b) is Unconstitutional

Those familiar with the late Anna Nicole Smith (a/k/a Vickie Lynn Marshall) would likely agree that Anna Nicole had little in common with most bankruptcy practitioners and few could have guessed that she would have a substantial effect on the way we

Mortgage Modification Mystery

Media reports have recently focused on big banks spontaneously offering mortgage modifications, even including principal reduction, to borrowers who are not in default and who haven’t even asked for them. See here. The banks mentioned, JPMorgan Chase

9th Circuit Oral Argument on Chapter 13 Addendum

For those of you who are interested here is the link to the recording for the 9th circuit oral argument in the Ch 13 Plan mortgage addendum case. M. Erik Clark 100 N. Barranca Avenue, Suite 250 West Covina, CA...

The Daily Docket: Dodgers Lose Bid to Depose Selig

A bankruptcy judge blocked the Los Angeles Dodgers from gathering testimony from Major League Baseball Commissioner Bud Selig and from viewing sensitive documents about the league’s handling of other teams’ financial woes. Read the Daily Bankruptcy

Eric Rasmusen's Thoughts on Stern v. Marshall

Eric Rasmusen of Indiana University and I were having a back channel communication on the U.S. Supreme Court's holding Stern v. Marshall ( see here for a summary). Eric made a very interesting observation about the intellectual move the Supreme Court

Reality Check: 2011 Predictions at the Half-Year Mark

On January 14, 2011, we published the results of our first ever reader survey, held during the week of January 6, 2011, where we asked you to dust off your crystal ball and give us your predictions for 2011. Most of the questions we asked BFR Blog

Foreclosure Fraud Claims With Mortgage Companies: Settled?

We have bailed out the mortgage companies that brought us the foreclosure crisis, now the states and a federal government agencies are on the verge of a sellout buyout by the bad guys for fraudulent foreclosures. The Office of Comptroller of the

More on the Durbin Amendment Rulemaking

I have an op-ed on the Durbin Amendment rulemaking in the American Banker.

Dictionary Definition of "Routing" Saves PayPal from Durbin Rule

The Fed has determined that PayPal's network does not engage in routing because it takes all transactions to one destination. Hence its exempt from the Durbin interchange ceiling.