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Fortune on Chapter 11 Costs

posted to Credit Slips on Thu 9th Sep 10

One of the best articles I've seen on this topic in the mainstream press. "Best" because the author does not become distracted by the hourly rates or the large numbers involved -- unlike the Times' recent effort in this regard.
One of Every Nine Bankruptcy Cases Is Filed Without a Lawyer

posted to Credit Slips on Wed 8th Sep 10

A few weeks ago, I pulled a national random sample of chapter 7 and chapter 13 cases filed by individuals during July and August of 2010. I kept track of how many were filed by pro se debtors, that is people who were not represented by an attorney as indicated
Foreclosure Crisis Update

posted to Credit Slips on Fri 3rd Sep 10

New numbers are out for the second quarter from the Mortgage Bankers Associations National Delinquency Survey and HOPE NOW. After three years, the ramp-up phase of the foreclosure crisis seems to be ending, as the rate of mortgages in default or foreclosure

Who Speaks for Mortgage "Lenders"?

posted to Credit Slips on Tue 15th Apr 08

Katie Porter makes an incredibly important point in her recent post about how securitization structures may be impeding mortgage modifications because the ultimate holders of risk on the mortgages are not the ones involved in the modification decision.
Student Loans Now Greater Than Credit Card Debt

posted to Credit Slips on Wed 11th Aug 10

Total outstanding student loan debt now exceeds credit card debt, as reported yesterday in the Wall Street Journal which in turn elaborated on a web article by Mark Kantrowitz, publisher of FinAid.org. Revolving consumer credit according to the Federal Reserve
The Ban on "Universal Default"

posted to Credit Slips on Thu 4th Mar 10

Did Congress' effort to protect you from your card company with the Credit CARD Act inspire you to pore over the new Cardmember "Agreement" that probably arrived in your mailbox this week? I actually read

Links 9/8/10

posted to naked capitalism on Wed 8th Sep 10

Sorry for thin posts, have to do a quick turnaround trip to NYC, then back to Maine.Study slashes estimated rates of ice loss from Greenland, West Antarctica Raw Story (hat tip reader John D)Fears of a Decline in Bee Pollination Confirmed Science Daily (hat
Links 8/24/10

posted to naked capitalism on Tue 24th Aug 10

Space is the final frontier for evolution, study claims BBCSoftware Predicts Criminal Behavior ABC (hat tip reader John D)Minneapolis will pay $165,000 to zombies Minneapolis Star Tribune (hat tip reader John D)The conservative counter-revolution Martin WolfAmerica
Links 8/21/10

posted to naked capitalism on Sat 21st Aug 10

Study tracks ocean plastic spread BBCReport Says Public Transportation Makes You Skinny inhabitat (hat tip reader John D)LOYOLA RESEARCHERS ZERO IN ON PROTEIN THAT DESTROYS HIV Loyola Medicine‘Zombie ants’ controlled by parasitic fungus for 48m