Majority Of American Public Against Auto Rescue

I think this has a lot more to do with the fact that this has been spun as free money as opposed to giving these companies loans (GM and Chrysler) ... if one or more of the companies were forced to restructure under the protection of bankruptcy laws ... significant progress persuading the public that bankruptcy proceedings would deepen the broader [more...]

Date: 2008-12-16 19:31:31

Blog posts (6) | Videos (4)
 

Not Good

Via Kevin Drum: Corporate-turnaround experts and bankruptcy lawyers are predicting a wave of retailer bankruptcies early next year, ... revision of the bankruptcy laws that screwed the rest of us is screwing retailers, too: Recent changes ... bankruptcy protection or scrambling to avoid that fate. Analysts estimate that from about 10% to 26 [more...]

Date: 2008-12-27 20:19:30

Foreclosures linked to 2005 Bankruptcy Reform law

For those readers not familiar with the Bankruptcy Abuse Prevention and Consumer Protection Act ("BAPCA"), prior to October of 2005, unsecured debt ( ... of their credit card debt, and that would free up income to pay the mortgage. The new law blocks that escape route and forces better-off household to continue paying credit card debt, which makes [more...]

Date: 2009-01-13 16:03:13

The Credit-Wise Consumer

Louise M. Carwell is a senior attorney with Maryland Legal Aid Bureau in Baltimore, where she has practiced consumer law for more than 20 years ... cards to entice them. Sure, using your store credit card might get you an extra 20 percent off ... , specializes in the areas of credit, foreclosure prevention, consumer protection, and bankruptcy [more...]

Date: 2008-11-05 21:06:03

Nader: Obama might not protect consumers

Not since the 1960s, when seat belts became standard equipment in cars, has the atmosphere been so favorable for consumer-friendly reform ... have just elected a president who has promised to reform the credit card industry, bankruptcy law, and toy ... has received more campaign donations for his Senate campaigns from credit card issuers than any other [more...]

Date: 2008-11-07 10:00:00

Bankruptcy Laws

Bankruptcy Laws Significant changes in consumer bankruptcy laws took effect on October 17, 2005, ... chapter 7. Individuals that decide to pre-file, still have to complete the credit counseling ... with passage of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. Before [more...]

Date: 2009-01-08 04:06:14

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