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Why colleges in bankruptcy should have access to federal financial aid

With the reauthorization of the Higher Education Act (HEA) in full swing, the time is ripe for Congress to reconsider current laws prohibiting postsecondary institutions that declare bankruptcy from participating in the...more

Bill on Bankruptcy: Easterbrook Turns the Tide on Student Loans  [Video]

April 18 (Bloomberg) -- Why and when U.S.-managed hedge funds can go bankrupt in the Caribbean, not in the U.S., is the first item discussed on the new bankruptcy video with Bloomberg Law's Lee Pacchia and Bloomberg...more

Bill on Bankruptcy: Delaware to Continue Dominating Bankruptcy  [Video]

Feb. 6 (Bloomberg) -- The dominance of Delaware and New York bankruptcy courts is secure for another two years, for reasons Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle explain on their...more

Law Prof: Why Discharging Student Debt in Bankruptcy is Good for Lenders [Video]

Aug. 22 (Bloomberg Law) -- If law school graduates were able to discharge in bankruptcy court their student loans from private lenders -- something Congress has prohibited since 2005 -- it might be good for the lenders and...more

Congressman: Fix The Student Debt Crisis With Bankruptcy Reform [Video]

July 25 (Bloomberg Law) -- While economic indicators continue to worsen, US bankruptcy law still prohibits individuals from getting rid of their student debt except in the rarest of circumstances. U.S.Representative Steve...more

Law Grads Now 'Indentured Servants' To US Government [Video]

June 13 (Bloomberg Law) -- Paul Campos, professor of law at University of Colorado at Boulder School of Law, talks with Bloomberg Law's Lee Pacchia about the rising unemployment and debt levels for recent law school...more

Ex-Dean: I Expect Some Law Schools to Close [Video]

April 25 (Bloomberg Law) -- Former University of Nebraska and University of Houston Law School Dean Nancy Rapoport tells Bloomberg Law's Lee Pacchia that she expects some law schools to close their doors because of the...more

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