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Jason Kilborn
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A listserv post this morning accentuated a troubling trend at the intersection of commercial law and bankruptcy practice: a marked decline in confident expertise in the former. The scenario is simple and, I suspect, common: perfected security interest in collateral... Continue reading
Posted Apr 13, 2022 at Credit Slips
I have been an American Bankruptcy Institute member since June 1999, but I have finally made the difficult decision to allow my membership to lapse after 22 years at the end of next month. I've been thinking about this for... Continue reading
Posted Feb 25, 2022 at Credit Slips
I just read a really fabulous annotated bibliography of books (alas, articles by such luminaries as Emily Kadens are excluded) on the history of credit, debt, and bankruptcy in the United States. Many of my favorites are on here, along... Continue reading
Posted Feb 4, 2022 at Credit Slips
I've been meaning for some time to tell ... Continue reading
Posted Dec 1, 2021 at Credit Slips
A great Arabic folk idiom describes an all-too-common occurrence: Literally, "he came to apply eye liner to her, but blinded her." [اجا يكحلها عماها izha ikaHil-ha, cama-ha] In other words, someone attempted to improve a situation but ended up ruining... Continue reading
Posted Sep 24, 2021 at Credit Slips
While Shenzhen has gotten all the good press since its March launch of the first personal bankruptcy regime in Mainland China, a number of other Asian regimes have also been on the move. I recently examined the rapidly developing personal... Continue reading
Posted Sep 8, 2021 at Credit Slips
With summer upon us, I thought others might be searching for good new reading, as I was when I took up a smart friend's longtime recommendation to read Range: Why Generalists Triumph in a Specialized World. So much good stuff... Continue reading
Posted Jun 12, 2021 at Credit Slips
What happens in countries where no consumer bankruptcy regime exists as a safety valve to assuage the worst consequences of unpayable debt? A report this week from Human Rights Watch ("We Lost Everything": Debt Imprisonment in Jordan) offers one heart-wrenching... Continue reading
Posted Mar 21, 2021 at Credit Slips
A fun new book applies a revealing Law & Order analysis to the multi-billion-dollar, knock-down-drag-out reorganization of Caesar's Palace. In The Caesars Palace Coup, Financial Times editor, Sujeet Indap, and Fitch news team leader, Max Frumes, open with a detailed... Continue reading
Posted Mar 15, 2021 at Credit Slips
The process I noted in an earlier post h... Continue reading
Posted Oct 26, 2020 at Credit Slips
Responding to an EU Directive and what was likely already a long-simmering plan to revise a not entirely satisfactory patchwork of constantly shifting bankruptcy and insolvency laws, the Greek government recently released a draft of a new Code for Debt... Continue reading
Posted Oct 8, 2020 at Credit Slips
The English-language press has discovered a long-gestating project to introduce personal bankruptcy law in China. The project is described as "China's first personal bankruptcy law," though it remains just a draft for now, and it is strictly limited to longtime... Continue reading
Posted Jun 5, 2020 at Credit Slips
I was surprised to find that the explosive new US immigration "public charge" rule has some interesting bankruptcy angles. The rule is a thinly veiled attempt to reduce immigration to the US by non-wealthy individuals (i.e., the vast majority of... Continue reading
Posted Feb 28, 2020 at Credit Slips
The Russian Duma last week adopted on first reading a bill that attempts to solve the biggest problem with the new Russian personal insolvency law, but the bill contains a poison pill provision that will all but kill its effectiveness... Continue reading
Posted Feb 17, 2020 at Credit Slips
This is a terrific paper. I commented on it as a "senior commentator" at a recent junior faculty conference here in Chicago, and I was surprised at the degree to which I found the constitutional and historical insights fascinating. Christine is a talented researcher and writer, and she has discovered the most intriguing historical coincidence here--check it out!
Congrats likewise to Brook Gotberg at the University of Missouri, Columbia, another bankruptcy scholar on the 2019 list!
Toggle Commented Oct 16, 2019 on Congratulations to Pamela Foohey! at Credit Slips
Two aspects of the Small Business Reorganization Act of 2019 intrigued me as I looked more closely at this important new twist on Chapter 11 for the other 99%. First, I thought the new SBRA procedure might be a fairly... Continue reading
Posted Sep 25, 2019 at Credit Slips
Several recent stories remind us that many, many ordinary people around the world continue to struggle with crushing debt with no access to legal relief, and when relief is introduced, it is vehemently opposed by lenders and often limited to... Continue reading
Posted Sep 10, 2019 at Credit Slips
Hi, John! Since I received the paper books in the mail this morning, I assume you can order direct from CAP right away (though I don't think they have a facility to take orders online, only via email, fax, or phone). I assume they'll be on Amazon, etc., in short order, too.
I excitedly tore into a small box this morning containing the first printing of my new book, Eyes on the Prize: Procedures and Strategies for Collecting Money Judgments and Shielding Assets (Carolina Academic Press 2019). Since the advent of the... Continue reading
Posted Jun 26, 2019 at Credit Slips
The Seventh Circuit Court of Appeals this week released its opinion in In re Fulton, the highly anticipated consolidated appeal of four Chapter 13 cases involving debtors whose cars had been impounded. The City of Chicago had refused to release... Continue reading
Posted Jun 21, 2019 at Credit Slips
USA Today just came out with an interesting expose about reverse mortgages and their negative impact, especially in low-income, African American, urban neighborhoods (highlighting a few in my backyard here in Chicago). I have long been interested in reverse mortgages,... Continue reading
Posted Jun 13, 2019 at Credit Slips
I've just returned from a really fantastic conference, the entire recorded proceedings of which are available online and might be of interest to Credit Slips readers. The St. Petersburg International Legal Forum takes place annually in the marvelous city of... Continue reading
Posted May 28, 2019 at Credit Slips
I hope I'm not stepping on Bob's toes in announcing the public release of the long-awaited report of the ABI Commission on Consumer Bankruptcy. The Commission, with Credit Slips' own inimitable Bob Lawless as its reporter, was formed in December... Continue reading
Posted Apr 16, 2019 at Credit Slips
I've come across a phenomenon numerous t... Continue reading
Posted Feb 27, 2019 at Credit Slips