Jun 16

As Seen in the Press: The calm before the storm of bankruptcies

Posted by John McMickle

Bank Think: The Calm Before the Storm of Bankruptcies Though the numbers haven’t shown it yet, many are bracing for a spike in personal bankruptcies once coronavirus relief efforts and stay-at-home orders have been exhausted. How lawmakers prepare for the expected wave in bankruptcy will be critical to the pace of economic recovery.…

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Jun 17

How the Clinton Administration Made it Harder on Student Borrowers

Posted by John McMickle

In the late 1990s, the Clinton Administration spearheaded an effort to make it dramatically more difficult for Americans with student loans to obtain loan forgiveness in bankruptcy.  With the recent jobs report indicating a tepid job market, employment prospects for recent college graduates with high levels of student debt would seem to be…

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Oct 16

Bankruptcy Reform Worked, But Didn’t Go Far Enough

Posted by John McMickle

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Sep 24

GAO Steps Into Debate On Forum Shopping In Bankruptcy

Posted by John McMickle

Comes now a Government Accountability Office report that analyzes an important question in bankruptcy law known as venue – where can a distressed company file for bankruptcy?  Under current practice, a business can file for bankruptcy far from its base of operations, in a state where it is legally incorporated (read: Delaware) or…

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