Introduction

Credit card debt is a problem in America. Why? Really there are a host of reasons and certainly some of the responsibility falls on the shoulders of those who spend money they don’t have on things they don’t need. Having said that, I believe the heart of the problem is the usurious interest rates that credit card companies get away with charging “customers.” In what universe is 30% interest acceptable?

Boyd Gaming Corp. on Wednesday offered $2.45 billion in cash and debt to buy rival Station Casinos Inc. out of Chapter 11 bankruptcy protection, The Wall Street Journal reports.

The best thing about tight deadlines is the moment they finally come to an end.  My latest race against time was to complete this 50 page outline (including appendices) for a Practicing Law Institute (PLI) presentation, entitled Treatment of IP Licenses in Bankruptcy, that I'm delivering next

General Motors is seeking to terminate a 15-year-old contract in an effort to avoid paying legal costs related to asbestos claims, a former subsidiary of the auto maker said.

Remy International Inc., formerly the auto maker’s Delco Remy parts division, said in court documents that GM’s Chapter 11 estate should not be able to use the bankruptcy court to unwind the deal that spun out the subsidiary.

Over the past year there have many, many articles about the perils of our nation's debt load, and I've been largely context to see these dispatched by that other New Jersey professor. But now the WSJ has entered my territory,...

A recent report from Newsweek explores the troubling trend of financial distress among retirement communities which is causing many to file for bankruptcy. If you or someone you care about is either living in or considering moving into such a facility, be sure to read the article. Here’s the shorthand of what you need to know.

Even before Alfa Romeos and European mini cars arrive in Chrysler showrooms, the Detroit auto maker’s Italian management may be showing its influence: Chrysler

An attorney emailed me with a question about a prospective bankruptcy client who is in the real estate sales business. The real estate salesman has a few contracts in the pipeline- sales contracts are signed subject to financing contingency and...

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