Bankruptcy News

Bankruptcy News: Nov. 23, 2016

November 23, 2016

Here are your links to consumer bankruptcy news and information from around the internet this past week:

  1. New Case Comment: Lua v. Miller, No. 15-56814 (9th Cir.) – Does equitable estoppel under state law prevent a debtor’s amendment of claimed exemptions? (National Consumer Bankruptcy Rights Center)
  2. New Case Comment: Max v. Northington, No. 16-172 (M.D. Ga. Oct 27, 2016) – Vehicles subject to title pawn are property of the bankruptcy estate where the debtors filed their bankruptcy petitions prior to expiration of the redemption period. (National Consumer Bankruptcy Rights Center)
  3. New Case Comment: Rupp v. Pearson (In re Pearson), No. 15-4191 (10th Cir. Nov. 7, 2016) – Where the debtor’s historical use of bankruptcy filings suggested improper purpose to hinder and delay creditors, the trustee’s adversary complaint stated a claim for violation of section 727(a)(2)(A). (National Consumer Bankruptcy Rights Center)
  4. Article: NYC Foreclosure rate is booming – It’s starting to feel like 2007 again, but we’re not quite there yet.  While most of the country inches toward recovery from the foreclosure crisis that began almost a decade ago, New York City isn’t as resilient. (New York Business Journal)
  5. Article: Consumer Credit Default Rates Rise According To The S&P/Experian Consumer Credit Default Indices – Data through October 2016, released today by S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, showed small increases in national default rates during the month. (PR Newswire)
  6. Report: Growing Personal Loan Balances Fuel Consumer Credit Markets – Consumers’ personal loan balances, including for credit cards, continued to increase in the third quarter this year while delinquency rates remained low, according to TransUnion’s latest Industry Insights Report. (ACA International)
  7. Article: Student, Auto Loans at New All-Time High of $2.5 Trillion; Consumer Credit Jumps by $19 Billion – The Fed’s latest consumer credit report revealed that in September, overall household credit rose by a greater than expected $19.3 billion, above the $18 billion expected, if below last month’s near-record $26.8 billion. (24/7 News letter)