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Insolvency Service “reframes” view of creditor – IPs can apply their discretion (UK)

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Former State Trooper Charged with Mortgage and Bankruptcy Fraud

According to FBI officials, Former Ohio State Highway Patrol trooper Benjamin W. Richardson has been sentenced to 50 months in prison for multiple charges including mortgage and bankruptcy fraud. He was also charged for tampering with a witness that

OCC Worried About the Wrong Banks and the Wrong Risks

The regulator's recent report highlights supposedly high-priority concerns about small banks without mentioning the size, concentration and real risks of the megabanks.

Chapter 13 Bankruptcy Strips Second Mortgage Notwithstanding Prior Chapter 7 Discharge: Court Holds

Chapter 13 bankruptcy offers debtors the opportunity to strip off a wholly unsecured second mortgage on their primary residence. Most courts have held that debtor’s mortgage is stripped from his house when he completes the Chapter 13 plan and gets...

GSE Article Shows How Little Writer Has Learned

In the United States, outlining a different narrative about what happened in the financial crisis opens one to political attack.

U.S. Bancorp Sought To Be Fined $2,500 Per Day, Becoming One Of Biggest Slumlords In Los Angeles

Many borrowers in default are forced from their homes by the threat of foreclosure sales that never happen. Perhaps the woes of U.S. Bancorp in Los Angeles explain the reluctance of many lenders to take back homes that have plummeted in value during

Bankruptcy: 9.5 Million Reasons Why The Botticelli Will Stay In New York

Kraken Investments consigned the classic "Madonna and Child" painting by Botticelli to crooked NY gallery owner Lawrence Salander in 2006. The painting is valued at $9.5 million. Kraken, an Israeli company, probably thought it had dotted its "i's"

Chicago Bankruptcy Attorney Answers 5 Typical Questions

1. I owe back child support. Will my bankruptcy eliminate that debt? Child support is one debt which is never dischargeable. Filing Chapter 7 will not eliminate your obligation to pay that back child support. This is absolute. 2. Are you sure that I

Bankruptcy: 9.5 Million Reasons Why The Botticelli Will Stay In New York

Kraken Investments consigned the classic "Madonna and Child" painting by Botticelli to crooked NY gallery owner Lawrence Salander in 2006. The painting is valued at $9.5 million. Kraken, an Israeli company, probably thought it had dotted its "i's"

Gaming Manufacturer, GameTech International, Files for Bankruptcy in Delaware

Earlier this month, GameTech International, Inc., and various related entities (collectively, "GameTech"), filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. According to GameTech's

Repaying Debt for Law School: Federal Programs Make It Doable, Not Easy

The Association for Legal Career Professionals has released data on starting salaries of 2011 law school graduates, reporting a median salary of $60,000. So how can these recent graduates afford to repay their student loans? The N.Y. Times says law

Judge Gropper Denies the Appointment of an Official Committee of Equity Holders in Kodak’s Chapter 11 Cases

On June 28, 2012, Judge Allan Gropper of the United States Bankruptcy Court for the Southern District of New York declined to appoint an official committee of equity holders in Kodak’s chapter 11 cases. The bankruptcy court determined that the

'We Won' vs. 'You Lost': Reactions to Credit Card Settlement

The credit card industry's proposed deal to settle long-pending retailer lawsuits set insiders chattering, divided over how much each side won and lost in the deal.

Credit After Bankruptcy: Four Important Steps to Rebuilding Your Credit

Common Misconceptions about Credit After Bankruptcy Rebuilding credit after bankruptcy is one of the biggest fears that my clients have. There is so much misinformation about bankruptcy and credit that most of these fears are not realistic. Some

Today in Bankruptcy – 7-16-2012

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for July 16, 2012 In Bankruptcy, American Airlines Looks At All Options Bankruptcy doesn’t mean student loans are canceled San Bernardino

Botticelli Painting’s Fate up to Bankruptcy Judge

Associated Press In this March 18, 2010 file photo, gallery owner Lawrence Salander, center, leaves New York Supreme Court with his son Jonah, right, and his attorney Charles Ross in New York. The fate of a Botticelli painting that dates back to 1500

Bank Directors: It's Your Job to Worry About D&O Insurance

Directors and officers liability coverage is an unpopular topic of conversation at board meetings. But directors who shirk their responsibilities in this area may one day find their claims denied.

Glass Lewis Changes Its Say-on-Pay Analysis

For the past two proxy seasons, companies have criticized how proxy advisory services have selected company peer groups in order to evaluate “pay for performance” for purposes of making say-on-pay voting recommendations. Recently, Glass Lewis

Glass Lewis Changes Its Say-on-Pay Analysis

For the past two proxy seasons, companies have criticized how proxy advisory services have selected company peer groups in order to evaluate “pay for performance” for purposes of making say-on-pay voting recommendations. Recently, Glass Lewis

Here's One Way Banks Can Keep Customers They're Losing

Why would a bank issue prepaid debit cards to its customers? It's an inferior product for consumers and banks alike. Issue prepaid credit cards instead, with four times the interchange.

When You Should Consider Contacting a Bankruptcy Attorney

Many believe they have to be broke or completely financially unstable in order to contact a bankruptcy attorney. Even if you feel you are in good place with your finances, it may prove helpful to get information about bankruptcy that could be useful