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Complicit Defendants Lose, Sovereign Agency Wins in Eternal Madoff Litigation | Goodwin

Two recent decisions in the Madoff bankruptcy cases illustrate that the legacy of Bernie Madoff will long survive the man himself. Bernie Madoff died on April 14, 2021,. ....

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Lifestyles of the Rich and Bankrupt – Texas Monthly

Going broke is for poor people. Here’s a whole chapter of Texans who have found ways to clear the books without losing their ranches, Rolls, or Rolexes. ....

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Must Foreign Debtors Have U.S. Property to be Eligible for Relief under Chapter 15? | Blank Rome LLP

Chapter 15 of the U.S. Bankruptcy Code provides a streamlined process for recognition (a form of comity) of a foreign insolvency proceeding. However, courts are divided as to whether a. ....

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Cancel the Debt: Why Student Loan Forgiveness would Rebuild the American Middle Class

Cancel the Debt: Why Student Loan Forgiveness would Rebuild the American Middle Class
Cancel the Debt: Why Student Loan Forgiveness would Rebuild the American Middle Class
April 30, 2021
Our imagination of the American middle class is far more a social construct than an economic fact. The middle-class ethos is often characterized by a steady stream of income, occupational stability, education, and family culture. Self-identifying as middle-class is ‘in vogue’ partially due to cultural markers associated with the middle class, such as the American Dream. Yet reality presents a stark contrast. America’s middle class could not be further from the quintessential American Dream. Today’s middle class is characterized by lack of financial security and job stability as well as a narrowing path to upward mobility. Despite such a reality, student loan debt forgiveness programs prove to serve as a pathway to rectifying the challenges currently facing America’s middle cl ....

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