Bankruptcy Look 12.15.10

December 15, 2010
>> Bankruptcy, Credit cards, Foreclosure

CreditSlips.org is always a great source of info and analysis of bankruptcy issues and news, especially those affecting average New Yorkers and other Americans. It’s run collaboratively by the leading bankruptcy professors on consumer bankruptcy issues from several different universities around the country.

Though some of the CreditSlips.org posts may be a bit on the technical side for many non-bankruptcy experts, they also mix in a number of good posts that are very accessible to “normal” (i.e., non-bankruptcy expert) people as well. Here are a few recent highlights:

Projected Filings for 2011 – Adam Levitin notes that 1,457,787.3 bankruptcies are projected for 2011, wonders about the “0.3” filing and explains where these numbers come from.
The New Robosigning – Adam Levitin explains how law firms have participated in the robosigning scandal and how even courts are being complicit in suddenly devaluing “procedure” as if it were merely some arbitrary nuisance.
Credit Cards Make You Fat – Katie Porter discusses the observed trend of how a tendency to buy things with a credit card correlates with a tendency to buy less healthy food items (and jokes about the title of her post).
The KFC of Payday Loans – Bob Lawless notes an ominous emerging trend of companies like the Payday Loan Store rebranding themselves as “PLS” in the same way that Kentucky Fried Chicken started calling itself “KFC” to avoid use of the word “fried.” That is, they know it’s bad for you but rather than fix the problem, they just cover it up with some metaphorical duct tape.

One of the nice things about reading CreditSlips.org in general is that, despite all the bad news out there, it leaves you with a sense of reassurance that at least there are some good and thoughtful people out there looking out for average Americans.

Go to Bankruptcy Attorney Brooklyn NY to learn more about Rosenberg Musso & Weiner LLP and/or to set up a free consultation.

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