The Crazy-Season for Student Loans is Nearly Here . . . Again!

By Donald L. Swanson The crazy-season is when millions of people incur easily-obtained student loans they can’t afford, for another semester of college.  That time is nearly here, again, as a new school semester begins after the turn of the year. An even-crazier part is this: the U.S. Government guarantees payment of those unaffordable loans—which is... Continue Reading →

The Haven Act: A Great Law That Exposes A Really-Bad Bankruptcy Policy

By: Donald L. Swanson The Haven Act is short for: “Honoring American Veterans in Extreme Need Act of 2019.”  It is a newly-enacted law of the land. The Haven Act does a great and valuable thing for many of our military veterans: it allows middle class veterans to file Chapter 7 bankruptcy, instead of being stuck for... Continue Reading →

Congress Decided to Punish Consumer Debtors and Failed Entrepreneurs in BAPCPA — This is Terrible Policy!

By: Donald L. Swanson U.S. politicians love to talk about helping poor people—unless, that is, the poor owe money that can’t be repaid. U.S. politicians also love to talk about helping small businesses and entrepreneurs—unless, that is, the small business or entrepreneur owes money that can’t be repaid. When uncollectible debts are involved, politicians turn surly... Continue Reading →

A Study on Effects of “Apology” on Plan Confirmation in Consumer Bankruptcies

By: Donald L. Swanson “Using a sample of U.S. bankruptcy judges,” this study “asks whether a bankrupt consumer improves her situation by apologizing for breaching her promises.” From a 2013 “Bankruptcy Apologies“ study by two professors from the University of Illinois College of Law [Fn. 1]. An “apology” can be a factor (often a decisive one)... Continue Reading →

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