ABI Blog Exchange

Remember the old high school cheer:  two, four, six, eight, who do we appreciate?

Turns out, that’s not just a cheer, it’s shorthand for the rule on when you can file bankruptcy again.

And it points out that when you can file again depends on what kind of bankruptcy you filed last time.

Here’s how it works.

If prior case was Chapter 13

You are eligible to file another Chapter 13 case TWO years from filing an earlier Chapter 13. [ This had to be a drafting error since nearly all Chapter 13’s run at least three years.  But I’ll take it.]

If you now want to file Chapter 7, you must wait SIX years.

BofA’s do-no-harm approach to AI; looking at what comes next for Fannie and Freddie now that they get to keep their earnings; ruling cuts short debt collectors’ victory lap over CFPB proposal; and more from this week’s most-read stories.

The Office of the Comptroller of the Currency found deficiencies related to the bank's holding period for "other real estate owned."

As apps like Uber and Lyft gain more traction, the need for new cars ⁠— and loans ⁠— is expected to diminish.

Federal regulators should amend a capital buffer requirements for certain derivatives to avoid economic damage.

Readers react to whether the next presidential debate will discuss banking, how California's financial policies are bleeding into other blue states, suggested reforms to the Community Reinvestment Act and more.

In a move to tap into an underserved market opportunity — but with the potential for political backlash — Sallie Mae launched three different cash-back reward credit cards aimed at college students and young adults.

The company has rolled out an online platform for firms considering marketplace loans as an asset class.

The central bank finalized a host of regulatory-relief changes mostly benefiting midsize and regional banks that hew closely to proposals issued in April and last fall.