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Bob Lawless
University of Illinois
I'm a college professor with 3 kids.
Recent Activity
My blogging has been light the past few months as we have been working on the eighth edition of what will now be LoPucki, Warren & Lawless, Secured Transactions: A Systems Approach. For you secured transactions teachers out there, we... Continue reading
Posted Aug 26, 2015 at Credit Slips
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Today is the ninth anniversary of Credit Slips, which means we are now old enough for the fourth grade. Thanks for reading and for your support. The year we started, 2006, seems so long ago. The W was in the... Continue reading
Posted Jul 18, 2015 at Credit Slips
Credit Slips blogger, Anna Gelpern, was on the Diane Rehm Show this morning discussing the financial problems in Puerto Rico and Greece. Gelpern of Georgetown University was joined by Greg Ip of the Wall Street Journal and Matthias Matthjis of... Continue reading
Posted Jun 30, 2015 at Credit Slips
Knute Rife -- I checked the spam folder and I did not see any comments from you. If you keep having problems, let me know.
Toggle Commented Jun 30, 2015 on Is There a Student Loan Debt Crisis? at Credit Slips
First and most importantly, I think you owe me a scotch. I had said I would buy dinner if the debtor won. Don't worry, it will be very good scotch. But, you have learned a valuable lesson of not betting with your heart. My years in Las Vegas taught me something. I agree it is too negative a view. We need to remember that the Supreme Court bankruptcy opinions often make things worse. This one did not make anything worse, and that is a small victory in some way. Think of the paean in Stern v. Marshall to Article III courts being bulwarks of liberty. It is not far-fetched to imagine a different opinion that would have waxed eloquent about the sacred status of liens. We avoided that result. As to stare decisis, I think it is impossible to say what might have happened had the debtor argued to overrule Dewsnup. To steal an expression from a friend of mine, this was not their first rodeo. If the justice wanted to overrule Dewsnup, they would have done so.
My best email of the day will be Professor Jay Westbrook's email saying he will join our mostly merry band of bloggers on a permanent basis. Westbrook has been guest blogging with us for a few weeks. Thanks to our... Continue reading
Posted Apr 7, 2015 at Credit Slips
That is an amazing milestone. Thank you everyone for your interest in what we have to say here. If you want to follow us on Twitter or subscribe to our Facebook page, there are buttons on the right-side of the... Continue reading
Posted Apr 7, 2015 at Credit Slips
Wait a second. There is no recliner? I have been misled. Thank you, Melissa, for the undeserved kind words. By the way, there were seven of us who founded Credit Slips, and you were one of them.
A comic strip for the Credit Slips crowd from Stephan Pastis: Pearls Before Swine Comic Strip, March 06, 2015 on GoComics.com. Continue reading
Posted Mar 6, 2015 at Credit Slips
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Thanks to Epiq Systems, the latest monthly bankruptcy figures are out, and they show a 10.1% year-over-year decline. We now have had 52 straight months of year-over-year declines in the U.S. bankruptcy filing rate. The graph to the right shows... Continue reading
Posted Mar 5, 2015 at Credit Slips
With my attention drawn to other matters, my personal blogging has been light for the past month. One of the things that had my attention was the Caulkett case currently pending before the Supreme Court. The issue in Caulkett is... Continue reading
Posted Mar 5, 2015 at Credit Slips
It is with great pleasure that I welcome Professor Jay L. Westbrook of the University of Texas as a guest blogger for Credit Slips. To people in the bankruptcy community, Professor Westbrook needs no introduction. He is a leader in... Continue reading
Posted Feb 23, 2015 at Credit Slips
Credit Slips contributor Pamela Foohey has just posted her most recent work in her series of articles on churches in bankruptcy. I have been a big fan of this research project since Pamela was a fellow at the University of... Continue reading
Posted Feb 14, 2015 at Credit Slips
Credit Slips thanks Michelle Harner for guest blogging. She shared her own personal views about reforms for chapter 11. Although Harner was here in her personal capacity and speaking only for herself, her role as the reporter for the American... Continue reading
Posted Feb 2, 2015 at Credit Slips
What I don't understand is why this agreement does not violate some antitrust law or is prohibited under some trade agreement.
Toggle Commented Jan 27, 2015 on Why? Why? at Credit Slips
We want to thank Professor Matthew Bruckner of Howard University for hanging out at Credit Slips for a while. We appreciate him sharing his thoughts on some of the finance issues facing legal education and issues surrounding student debt. Continue reading
Posted Jan 21, 2015 at Credit Slips
Those fascinated by the logic and limits of the Bankruptcy Clause, Article III courts, and bankruptcy courts power will want to check out the most recent issue of the Amercan Bankruptcy Law Journal (vol. 88, no. 4): Kurt F. Gurynne,... Continue reading
Posted Jan 20, 2015 at Credit Slips
We are happy to welcome back Professor Michelle Harner of the University of Maryland and the reporter for the American Bankruptcy Institute's Commission to Study the Reform of Chapter 11. Harner has kindly offered to blog on her perspectives on... Continue reading
Posted Jan 19, 2015 at Credit Slips
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The final count for 2014 U.S. bankruptcy filings is in, thanks to the data from the ever-helpful Epiq Systems. There was a total of 910,090 total bankruptcies in 2014, a decline of 11.8% from the previous year. In early June,... Continue reading
Posted Jan 8, 2015 at Credit Slips
In November, the American Bar Association issued a formal opinion that it was unethical for prosecutors to allow debt collectors to use prosecutorial letterhead when no member of the prosecutor's staff reviews the file to determine if it is likely... Continue reading
Posted Jan 8, 2015 at Credit Slips
I am clearly a little biased because I teach Professor Lawless's Secured Transactions class. (Hi, Ben!) What concerns me is the larger pattern of a flight away from teaching legal doctrine of all types in the law schools. I don't know if the bar exam decisions reflect that pattern, but it seems likely.
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Our friend and co-blogger, Jean Braucher, passed away a week ago today. Our first post here on Credit Slips had only a few paragraphs about her contributions to our professional community. There was a lot more to say about Jean.... Continue reading
Posted Dec 2, 2014 at Credit Slips
It is with great sadness that I pass along the news that Jean Braucher passed away yesterday. Jean was my co-author, my co-blogger, and my friend. This news came suddenly this morning for all but her closest family and friends... Continue reading
Posted Nov 26, 2014 at Credit Slips
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The headline for this post will be mysterious and perhaps slightly salacious in a general newsfeed, but bankruptcy experts will know it means the time is nigh in the 11th Circuit for lien strip-offs. The Supreme Court agreed to hear... Continue reading
Posted Nov 17, 2014 at Credit Slips
Bob Lawless is now following Illinois Law Faculty
Nov 5, 2014