After struggling financially for years and failing to secure a government bailout, Spirit Airlines announced that it would begin the process of shutting down in early May. Investors were strongly opposed to the government bailout, especially those that had made Spirit debtor-in-possession loans. Such loans have high interest rates, and the investors who own them […]
As consumer bankruptcy filings continue to rise, the role of arbitration has also increased. Because the Federal Arbitration Act and the US bankruptcy code can be at odds with each other and that tension has not yet been tested by the Supreme Court, experts expect that the matter will eventually make its way there. Professor […]
The College of Law was well-represented at the recent St. Louis University Colloquium on Law, Behavioral Science, and Social Science. Professor Jennifer Robbennolt presented a work-in-progress called “’The Rule of Law’ Silo” that is co-authored by Professors Verity Winship and Colleen Murphy. The paper presents the results of a survey to understand what people understand […]
Professors Ralph Brubaker and Robert Lawless were both featured in the commentary featured on the American Bankruptcy Institute’s blog, Rochelle’s Daily Wire. Their commentary discussed the most recent decision in the ongoing controversy over the propriety and legitimacy of so-called “Texas Two-Step” mass-tort bankruptcies. The decision, from the Fourth Circuit, continues to stoke opinion and […]
Professor Bob Lawless and co-authors Pamela Foohey and Deborah Thorne recently joined the well-regarded Ballard Spahr podcast Consumer Finance Monitor to discuss their book “Debt’s Grip: Risk and Consumer Bankruptcy.” In the episode, they discuss why people actually file for bankruptcy, the role of debt collection and litigation, potential policy reforms, and much more. Listen […]
Leading bankruptcy law expert and professor Bob Lawless recently sat down with the students behind the independent, student-run production The UIUC Talkshow. Lawless discussed the student debt crisis, the history of bankruptcy law, and some proposed solutions. View the full conversation on youtube.com.
Professor Robert Lawless, along with co-authors Pamela Foohey and Deborah Thorne, recently sat down with Law360 for an in-depth interview on their book “Debt’s Grip: Risk and Consumer Bankruptcy.” The book is the latest to come out of the Consumer Bankruptcy Project, a long-term interdisciplinary research project on consumer bankruptcies in the U.S. that began […]
Speaking about his new book, “Debt’s Grip,” Professor Robert Lawless sat down with WBGL’s Community Matters program. He discussed the research that went into the work, how bankruptcy affects the lives of everyday Americans, and common misconceptions about the bankruptcy process. He concluded with advice for how to support those going through financial hardships. Listen […]
In a new opinion article published by Bloomberg, Professors Sean Anderson and Robert Lawless explain why they believe the Trump administration’s decision to allow workers to invest retirement savings in cryptocurrency and private equity is a bad decision for the workers. “There is no reason to expect that inviting plans to offer these alternative investments […]
In his new book, Debt’s Grip: Risk and Consumer Bankruptcy, Professor Robert Lawless and co-authors Pamela Foohey and Deborah Thorne examine the stories and the data behind people who file for bankruptcy in the U.S., finding the human nuance in the bankruptcy system. “When we thought about writing this book, we asked ourselves, ‘What do […]