Bankruptcy News

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Daily News Sources on Bankruptcy

New York Times Topic Pages

CreditSlips Blog

Active discussion of news of the day by bankruptcy law professors and lawyers. A good source of links to newsworthy events in politics and finance that affect the world of credit and bankruptcy. Includes active discussions of:

BankruptcyProf Blog

Another discussion by law professors. Good source for caselaw and rules developments, as well as legislation.

InsideARM.com

An excellent, well-organized archive of timely articles on economic data affecting the debt and credit industry. The link below is for Credit Card news, but be sure to hover your cursor over the News & Analysis link for a list of other areas you can search: 

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Bankruptcy & Economic Statistics

Numbers to Watch & Where to Find Them

You can follow the credit bubble as it pops and splatters its way through our financial institutions at http://www.federalreserve.gov/releases, where the Federal Reserve posts monthly reports that track the effects of the credit crisis on America's financial infrastructure.

If the flow of money is the fuel of American capitalism, then these reports are the fuel gauges. The Fed's unglamorous reports give us hard data on how much money is coursing through the American economy.

You can get other important numbers and information from non-governmental sources, including:

 

Other Free Audio/Video About the Debt & Credit Industry

Bankrupt: Maxed Out in America

This is a one-hour radio documentary and website about bankruptcy in america from American RadioWorks and Marketplace from American Public Radio

See also: "The boom in going bust" -- a report by Marketplace reporter Chris Farrell on a day in bankruptcy court. 

This American Life: The Giant Pool of Money

This AmericanLife/NPR present one of the clearest explanations of how the housing crisis happened. One hour long.

See also: this update of the original episode.

Media Reports on How the Credit Card Industry Reaps Billions in Profits From Distressed Debtors

Feeling bad about your bankruptcy? 

Don't.

The banking industry has made a calculated science of reaping billions of profits from distressed debtors. By casting a wide net to grant credit to everyone, the real "sweet spot" for banks is the distressed debtor that is caught a never ending cycle of penalties, fees, and exorbitant interest rates (that would have been illegal a generation ago)

NY Times/PBS Frontline: 
The Secret History of the Credit Card

The issues covered in this 2004 documentary are still current, and worth watching. It's an excellent recounting by PBS and The New York Times of a U.S. Supreme Court ruling almost 20 years ago opened the door to abusive lending practices and the rise of the modern credit card industry. After watching this, you'll understand why your credit card company is probably based in South Dakota or Delaware.
PBS: Frontline Video and Articles
NY Times: Articles

Bill Moyers on the social impact of the mortgage meltdown

How unregulated subprime lending destroyed the housing stock of Cleveland

Excellent report on how lack of regulation allowed "usury" to no longer be a crime, and allowed predatory lenders to sell financial snake-oil all without regulation. 

Describes how the inevitable logic of human greed, left unregulated, led banks to make billions by peddling financial snake-oil to naive, cash strapped consumers to sign the equity in their their paid-for houses as collateral for loans they would never be able to pay.... And now whole neighborhoods lie abandoned and falling into ruin, resulting in further loss of wealth base in communities that can ill affford it.

So much for the invisible hand....

Largest New York Cities

  1. New York - 8,175,133
  2. Brooklyn - 2,504,700
  3. Manhattan - 1,585,873
  4. Bronx - 1,385,108
  5. Hempstead - 759,757
  6. Brookhaven - 486,040
  7. Staten Island - 468,730
  8. Oyster Bay - 293,214
  9. Buffalo - 261,310
  10. Jamaica - 216,866
  11. Babylon - 213,603
  12. Rochester - 210,565
  13. Huntington - 203,264
  14. Yonkers - 195,976
  15. Flushing - 176,026
  16. Syracuse - 145,170
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