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Daily Report Online

'Cancel Student Debt': Attorneys, Lawmakers Have Mixed Reactions After Biden Extends Repayment Freeze

"I still have student debt from grad school and law school," tweeted Stephen MacNeil of Alpharetta. "Why would I expect you, via tax dollars, [to] pay for my decision to go to college for which I am reaping the benefits of the education I received."
4 minute read

New York Law Journal

NY Legislature Takes Aim at Lenders' Right To Revoke Mortgage Acceleration

If enacted, this so-called "foreclosure abuse prevention act" would present a radical departure from more than a century of well-settled law, likely accelerating gentrification and exacerbating New York City's housing crisis by creating favorable conditions for real estate speculators to prey on, and profit off, vulnerable and distressed homeowners.
7 minute read

The Legal Intelligencer

CFPB Tries to Nip New Wave of Unlawful Medical Debt Collection in the Bud

The uproar over these "balance billing" or "surprise billing" practices the study highlighted reached all the way to Capitol Hill. Though it took some time, sensing an easy bipartisan political victory, Congress passed the No Surprises Act into law in December 2020 as part of the Consolidated Appropriations Act of 2021 in an effort to end these billing practices.
8 minute read

The American Lawyer

Why Small Business Bankruptcy Could Lead a National Insolvency Wave

Small business bankruptcy filings are on the rise, but a legislative lapse means Chapter 11 is temporarily off the table for thousands of commercial debtors.
10 minute read

New York Law Journal

Bankruptcy Code §523(a)(2)(A) and the Non-Dischargeability of a Claim for Knowingly Being a Transferee in an Intentional Fraudulent Conveyance Scheme

'Wigley' provides an excellent example of why parties should try to resolve non-dischargeability adversary proceedings through mediation.
8 minute read

Texas Lawyer

Texas Supreme Court Favors Bank in Money Wire Scam That Duped Houston Attorney

The high court reversed a decision that created a new duty for banks to ensure funds for a deposited check cleared before proceeding with an international wire transfer.
4 minute read

Daily Report Online

Woman Sues Travelers, Jefferson Over Debt Collection Claims

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read

New York Law Journal

Weil Gotshal Picks Up Paul Weiss Restructuring Partner

Jeffrey Saferstein, the longtime outside counsel to Apollo Global Management, is joining Weil's restructuring practice in New York, the firm announced on Monday.
2 minute read

The Recorder

The California Supreme Court Limits Tort Liability of Lenders and Servicers

A recent California Supreme Court opinion provides a collective sigh of relief to those in the corner of lenders and servicers, but they should continue to tread lightly in the loss mitigation process, according to Elizabeth Sperling, Daniel Dubin and Daniel Seabolt.
6 minute read

Daily Business Review

Leading the Way: Three-Time Managing Partner Corali Lopez-Castro on Why Everyone Should Try Firm Leadership

Our weekly firm leadership Q&A series features Kozyak Tropin & Throckmorton managing partner Corali Lopez-Castro.
8 minute read

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