Summary:

Jon Anthony Seppanen purchased a vehicle from Fayetteville Dodge under a retail installment contract requiring 72 monthly payments of $988.93, secured by the vehicle and expressly permitting repossession after default. Seppanen nevertheless believed that writing "Pay to the order of JON SEPPANEN, without recourse" on the agreement discharged his obligation to pay.

Mortgage servicing transfers are supposed to transfer the servicing of a mortgage. They are not supposed to erase a loan modification, resurrect amounts that were already capitalized or waived, or require a homeowner to repeatedly litigate what everyone had supposedly already agreed to.

But that, at least according to the evidence presented by the homeowner in Johnson v. SN Servicing Corp., is essentially what happened.

Available at:  https://www.abi.org/abi-journal/the-business-debtor-in-chapter-13-revisiting-consumer-reorganization-for-small-0

(ABI membership required)

Available at SSRN: https://ssrn.com/abstract=7130161

Abstract:

The Fourth Circuit has issued another significant decision involving TitleMax's efforts to continue making high-interest title loans to residents of states that restrict or prohibit those loans.

Available at: https://scholarlycommons.law.emory.edu/ebdj/vol42/iss3/5

Available at SSRN: https://ssrn.com/abstract=6936419

Summary:

In In re Systematic Audio, LLC, Chief Bankruptcy Judge Laura T. Beyer addressed two frequently litigated issues in Chapter 11 practice: when a bankruptcy court should lift the automatic stay to allow pending state court litigation to proceed, and when (if ever) that stay should be extended to protect a non-debtor corporate officer.

Credit Card Delinquencies Are High—What Does That Mean for Consumer Bankruptcy Filings?

Available at: .https://libertystreeteconomics.newyorkfed.or

Available at: https://scholarlycommons.law.emory.edu/ebdj/vol42/iss3/7