Credit Slips
Covers "all things about credit and bankruptcy." The blog features discussions and debates about "what does happen and what should happen when consumers and businesses borrow money."
Author: Five law professors contribute to this blawg: Bob Lawless of the University of Illinois; Angie Littwin and Elizabeth Warren of Harvard Law School; Katie Porter of the University of Iowa; and John Pottow of the University of Michigan.
Blawg Related Categories: Bankruptcy Law • Consumer Law • Law Professors • Harvard University • University of Illinois • University of Iowa • University of Michigan • Law Professor • Business Law
Recent Posts from Credit Slips
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Son of Pine Gate
As Credit Slips readers may know, a group of key Philadelphia newspapers are currently in chapter 11. The debtor that owns the papers owes its secured lenders north of $290 million. It wants to sell…
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Lehman & Barclays
Lehman has sued Barclays over the incredibly rushed sale of Lehman's key brokerage assets to Barclays a year ago. No doubt the financial industry crowd will use this to further promote their argument that chapter…
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Repeal the Safe Harbors?
Today I'm speaking (along with my co-blogger, Adam) at the ABI's conference on chapter 11 reform at Georgetown. I'll be making the case for the repeal of the derivative safe harbors in the Code --…
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Modification Scams
While the loan origination fraud is largely shut down, the foreclosure crisis has spawned a whole new consumer fraud in the form of foreclosure rescue and loan modification scams. These companies offer to help consumers…
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Senate Hearing on Medical Bankruptcies (Oct. 20, 2009) (Pottow)
Yes, I went back to D.C. for more congressional bankruptcy brouhaha, this on the rising incidence of medical bankruptcies. C-SPAN decided to broadcast the proceedings in all their glory. Sen. Franken (D-MN) was armed with…
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Subprime, Exotic or "Crap?" Mortgage Industry Lingo
Former Credit Slips guestblogger Max Gardner is always trying to understand the real mechanics and economics of mortgage servicing. At one of his infamous bootcamps, he had an employee at a now-deceased mortgage servicer share…
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Evans and Wright on the CFPA: Round 2
A couple of weeks ago I wrote a short critique of one piece of a long study written by David Evans and Joshua Wright about the Consumer Financial Protection Agency and funded by the American…
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October Bankruptcy Filings Set New Post-2005 Record
The daily bankruptcy filing rate in October hit 6,200, setting a new record since the 2005 changes to the U.S. bankruptcy law. There were about 130,200 total filings spread over the 21 business days in…
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Looking Forward in the Supreme Court
This just in from our Washington, DC, bureau: the Supreme Court has granted certiorari in Hamilton v. Lanning, No. 08-3009 (10th Cir. Nov. 13, 2008), where the Tenth Circuit adopted the "forward-looking test" for how…
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How to Fail My Secured Credit Exam Two Different Ways
By way of Underbelly comes this story from the Seattle Times chronicling the many failures at the now defunct WaMu. Among the stories was that a WaMu banker gave O.J. Simpson a second mortgage on…