All posts in Books & Articles

A Summary of Bankruptcy Law Third Edition

I have finally finished my Summary of Bankruptcy Law Third Edition.  You can get it on Amazon by clicking here.    The 400+ footnotes focus almost entirely on the 9th Circuit and California law.  Let me know what you think.

Financial Report of the United States Government 2015

Just ran across this 274 page report.  ”Mind blown,” as Kramer liked to say.  Statistics and financial info until you can’t stand it no more.

The financial fact that jumped out at me is that the US Government owns $3.2 trillion in TOTAL assets (page 60).  Of that, $1.2 trillion, or more than a third of the total, is “Loans Receivable.”  Of that, $977 billion is student loans!  So 31% of the value of the assets this country owns is receivable from students and former students.   I wonder how they valued the assets? Read more…

Nice Post by Cathy Moran on Hamp

Last Call For Loan Modifications Under HAMP


By Cathy Moran, Certified Consumer Bankruptcy Specialist, Mountain View, CA

HAMP, the government program incentivizing home loan modifications, ends in 2016. Read more…

A Great Lesson From Prof. Stephen Bainbridge on Law School Exams

Law school exams, the bane of my existence.  This is such a good lesson from the blog UCLA Law Prof. Stephen Bainbridge.  Reprinted verbatim.

Exam drafting tips for a new law teacher

A former student who is now teaching securities regulation for the first time asked for some exam writing tips. FWIW, here’s what I came up with:

  • Don’t make it too complicated. You’ll get garbage back.
    • You could put students in a room with a window, ask them to describe the weather, and get a bell curve. So don’t make it too complicated.
  • Try to be fair. If you use three essays (typical) make sure they focus on three areas that ate up a lot of class time. Read more…

Great Article on Bankruptcy 101 by Retired Judge Lisa Hill Fenning

This article, written for the Association of Corporate Counsel, is directed at “investors.”  You can access it here.

Debt Collection Tricks Exposed By the Courts

Nice post by Christine Wilton on a new case slapping around debt collectors for trying to collect “time barred” debts.  The post is here.  

2013 Consumer Action Handbook

Hi everyone,

Each year, the U.S. General Services Administration’s (GSA) Office of Citizen Services and Innovative Technologies updates the Consumer Action Handbook, a resource with consumer tips to help consumers in their daily life. This annual handbook provides consumers with information essential to making financial decisions on everything from purchasing a home and paying for college to securing health care and protecting one’s privacy when shopping online.

The handbook is accessible at the link below:

Please feel free to forward to any individual, organization or agency.


Magdalena Reyes Bordeaux
Supervising Attorney
Public Counsel
Consumer Law Project &
Debtor Assistance Project

2013 Bankruptcy Reference Book

The 2013 Bankruptcy Reference Book is available on Amazon.  It contains, in a single volume, the bankruptcy code, the FRCP, the Federal Bankruptcy Rules, the Central District local rules, the California exemptions, and the addresses of phone numbers of the Central District judges.

2013 Bankruptcy Cover


You can access the Amazon page here.

Six Golden Bankruptcy Rules

I updated this article to include the 2005 Amendments.  6 Golden Rules

New Book on Ponzi Schemes

October 5, 2012

Dear constituency list members of the Insolvency Law Committee, the following is a book review that may be of interest to you:

The Ponzi Book:  A Legal Resource for Unraveling Ponzi Schemes

Authors:  Kathy Bazoian Phelps,[1] Hon. Steven Rhodes[2] Published  by LexisNexis (2012) For more information:

On three days in August, 2012, the SEC brought three separate fraud charges against multi-million dollar Ponzi schemes — one alleged to be an online $600 million scheme, and another alleged to involve a former collegiate football coach and hall of fame inductee.  The SEC actions were yet another reminder that while the “hook” of the schemes vary, the lure of supposed low-risk, high-return investments has led to a proliferation of Ponzi scheme fraud during the last decade.  Multi-million dollar Ponzi schemes continue to generate new litigation in the wake of the massive Bernie Madoff scandal.

The Ponzi Book is an 800-page reference guide for unraveling the complicated and evolving legal issues arising from  Ponzi schemes in bankruptcy, receiverships and in other third-party litigation.  The book is a thorough, well-organized, and well-written reference for lawyers and other professionals confronting Ponzi scheme issues.[3]  It addresses issues based on federal law, with detail about how different circuits approach cases and, by necessity, with less emphasis on state law tort claims.

Read more…