Five years from the onset of the global financial crisis, households, companies, banks, cities and nations struggle to redress their balance sheets. Some turn to the formal bankruptcy system, while others restructure or cope with debt in other fora. Is bankruptcy working? Could it be improved to address the debt crises? What alternatives are being used and why? How will bankruptcy reforms and other legal responses (e.g. Dodd-Frank’s orderly liquidation) affect future credit, and future crises?
We are very pleased to be featuring the work of three new scholars at this year’s Section program in New Orleans, together with response and comment from senior scholars David Skeel, and Jay Westbrook. The speakers include: (1) Chrystin Ondersma, who will present “Shadow Banking and Financial Distress: The Treatment of ‘Money-Claims’ In Bankruptcy,” (2) Aaron Taylor, who will present “Undo Undue Hardship: An Objective Approach to Discharging Federal Student Loans in Bankruptcy,” and (3) Lea Shepard, who will present “Towards a Stronger Financial History Anti-discrimination Norm.”
Business Meeting at Program Conclusion.