Blog Posts in 2008

All Posts
  • Why Bankruptcy Professionals Care About Credit Default Swaps
    Why Bankruptcy Professionals Care About Credit Default Swaps

    The American Bankruptcy Institute published a great article regarding credit default swaps and why they are important to bankruptcy professionals. A credit default swap (CDS) (essentially) is a ...

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  • Modern Money Mechanics
    Modern Money Mechanics

    Modern Money Mechanics is a workbook originally published by the Federal Reserve Bank of Chicago. (First publication in June 1961; last updated June 1992; now out of print.) This little pamphlet does ...

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  • New Bill Introduced to Allow Mortgage Modification in Bankruptcy
    New Bill Introduced to Allow Mortgage Modification in Bankruptcy

    Senator Durbin recently introduced S. 3690 that would allow modification of mortgages in Chapter 13 bankruptcy. The operative text of the legislation is as follows: SEC. 103. HELPING FAMILIES SAVE ...

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  • Mortgage Companies Afraid to Modify Mortgages Because of Securitization Mess
    Mortgage Companies Afraid to Modify Mortgages Because of Securitization Mess

    This article from the New York Times has an interesting quote: So far, many companies have been reluctant to aggressively reduce payments because they are afraid that borrowers might default again or ...

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  • Bloomberg: It’s Easier to Keep a Second Home in Chapter 13 than your Primary Residence
    Bloomberg: It’s Easier to Keep a Second Home in Chapter 13 than your Primary Residence

    Interesting analysis on Bloomberg.com stating that it is easier to keep your rental or beach house than your primary residence. Unfortunately, this is true and, in my opinion, should be changed. ...

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  • Forrest Gump Explains Mortgage-Backed Securities
    Forrest Gump Explains Mortgage-Backed Securities

    O. Max Gardner, III, one of (if not the) premier consumer bankruptcy lawyers in the country apparently spoke with Forrest Gump recently and got the following explanation of the mortgage mess: Mortgage ...

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