Recent Blog Entries

My First Chapter 13 Mortgage Mediation: A Waste Of Time Because Bank Unprepared

by admin | Wed, 07/28/2010 - 21:34

I was involved in my first mortgage modification today under the Orlando bankruptcy court’s mortgage mediation program for Chapter 13 debtors. The scheduled mediation was a complete waste of time. The bankruptcy court issued its newly adopted standard mediation order...

Bankruptcy: BP’s Worst Case Scenario?

by admin | Wed, 07/28/2010 - 11:42

Six month ago, the idea of the oil giant BP going bankrupt was an unthinkable proposition. Now, although still difficult to imagine, isn’t so far-fetched.
Despite the improbability of a BP bankruptcy, there is a common question that people what been asking themselves: What does the worst case scenario for BP look like?

Call for Papers Extended to Invite Reactions to Dodd-Frank

by admin | Tue, 07/27/2010 - 17:48

I am honored to join Credit Slips, and grateful to Bob for the warm welcome. As process is always a sensible place to start, this first "occasional" post is to invite submissions for the January Association of American Law Schools...

Kentucky Debtors in Bankruptcy Have Among the Lowest Average Assets and Debts

by admin | Tue, 07/27/2010 - 17:38


The inaccurately named "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005" mandates the United States Courts to track certain statistics.

Broke USA Tells Payday Loan Stories from the Ground Up

by admin | Tue, 07/27/2010 - 13:49

Those interested in the dark crevices of consumer lending might want to go to the library or book store and pick up Gary Rivlin’s new book Broke, USA, or at least read this article about it. I just had a...

Credit Slips & the WSJ's Washington Wire

by admin | Tue, 07/27/2010 - 09:41

Mary Pilon of the Wall Street Journal's Washington Wire has a post up about Elizabeth Warren's blogging here at Credit Slips. Long-time readers will undoubtedly remember many of these posts highlighted there. I'll highlight two others. First, there is a...

Four Years of the Slips

by admin | Tue, 07/27/2010 - 09:28

Over last weekend, we passed the four-year anniversary of Credit Slips. We've been blessed to have the bit of modest success we have enjoyed. As I wrote once, I was amazed the day that I typed in "creditslips.org," and the...

Cuban Offer for Rangers Could Mirror Balsillie’s Coyotes Bid

by admin | Mon, 07/26/2010 - 16:21

Mark Cuban’s potential bid to buy the Texas Rangers baseball team out of bankruptcy could challenge profession sports leagues’ iron-clad hold on who can join their elite group of owners, says the attorney who represented hockey’s Phoenix Coyotes in bankruptcy court.



White House Defends Elizabeth Warren

by admin | Mon, 07/26/2010 - 15:31

The White House is standing behind bankruptcy expert Elizabeth Warren as it continues its search for the leader of its new consumer financial protection bureau, born of the financial regulatory overhaul legislation signed into law last week.



Rothstein Feeder Fund Agrees to Surrender Assets

by admin | Mon, 07/26/2010 - 13:54

The primary feeder fund to Scott Rothstein's Ponzi scheme has agreed to give up most of its assets under a bankruptcy settlement.