Skip to main content
Help Center
banner

ABI Blog Exchange

article-exchange

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

Read Article

Representation and Realities of (Bankruptcy) Court Work

The Yale Journal of Law and the Humanities held a symposium on " Courts: Representing and Contesting Ideologies of the Public Sphere" in 2011, and recently published papers from this event. Some of the contributions to this symposium, especially the

Budgeting After Bankruptcy (Part Two)

In “Budgeting After Bankruptcy (Part One),” I explained that the purpose of budgeting: to create wealth. It boils down to spending less than you make. The difference increases your net worth. But how do I do this? First, don’t sweat the small stuff

The Daily Docket: Patriot Coal Enters Chapter 11

Patriot Coal Corp. filed for Chapter 11 bankruptcy on Monday, becoming the largest casualty of the worst U.S. market for the power-plant fuel in decades. Read the Daily Bankruptcy Review article here. (Daily Bankruptcy Review and DBR Small Cap are

Debit Cards and Colleges; An Unholy Alliance

Colleges are courting the Devil - the Debit Card Devil. Debt counseling and money management are urgently needed on Campus! Hard pressed for funds, Colleges are resorting to "quiet" side deals to the detriment of its students. By this time most

If Only the House Banking Committee Held a Hearing Like This

"Isn't it true that there has never been a major crisis that resulted from excessive exposures to what was considered risky, and that these have always resulted from excessive exposures to what was perceived as not risky?"

Debit Cards and Colleges; An Unholy Alliance

Colleges are courting the Devil - the Debit Card Devil. Debt counseling and money management are urgently needed on Campus! Hard pressed for funds, Colleges are resorting to "quiet" side deals to the detriment of its students. By this time most

Debit Cards and Colleges; An Unholy Alliance

Colleges are courting the Devil - the Debit Card Devil. Debt counseling and money management are urgently needed on Campus! Hard pressed for funds, Colleges are resorting to "quiet" side deals to the detriment of its students. By this time most

What If I Do Not Have Income Tax Information to Submit when Filing Bankruptcy?

Many debtors may not realize how significant tax documents are when it comes to filing bankruptcy. These documents are often presented to your trustee when you begin the filing process along with your list of creditors and outstanding debt. It’s

Poultry Firm Doux Gets 11 Bids And Hatches Own Plan

Per www.globalinsolvency.com: Mon., July 9, 2012 Debt-burdened poultry group Doux, which went into administration last month, threatening the livelihood of 3,400 workers and 800 farmers in France, has attracted 11 takeover offers, unions at the firm

Today in Bankruptcy – 7-9-2012

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for July 9, 2012. Video Game Company’s Bankruptcy Raises Questions Over State Aid Sanko bankruptcy blow for bulk shipping AMR sues retired workers

Does Wells Fargo's Mortgage Dominance Pose Excessive Risk?

If a senior mortgage executive tells you "there's nothing to worry about, we've got exceptional controls and a great track record in measuring and managing mortgage servicing rights," it is probably worth getting a second opinion.

Can I use my credit cards for a shopping spree before I file bankruptcy?

Filing a consumer bankruptcy generally means that you will no longer have access to lines of credit. It might seem like a good idea to utilize your credit cards as much as possible before filing a bankruptcy, in order to make the most of them. In

Is a time share a good investment?

Time shares can seem like an attractive investment opportunity because they require little money up front. They can appear like a wise financial decision and an easy way to have a guaranteed vacation in the location of your choice, especially when

What happens if I simply don’t pay my debts?

In difficult economic times, it can be difficult to keep up with bills and expenses. Many people are facing the loss of their jobs and even their homes. Sometimes, it is impossible to stay current on payments for credit cards, vehicles, medical bills

The Ponzi Perpetrator’s Art Dealer? The Endless Scope of Clawback Claims

Sheila Gowan, the trustee of Dreier, LLP ("DLLP"), has filed a fraudulent transfer action against Marc Dreier's personal art advisor, Heidi Lee, and her business, Heidi Lee Art Advisory. Gowan asserts that Marc Dreier caused DLLP to make a series of

Put Alternative Financial Services on a Level Playing Field

Labeling a quarter of the U.S. population as un- or underbanked may be derisive, but naming rights still go to those who control the financial services market - banks.

Stockton, California Seeks Bankruptcy Protection

In what is being called the largest bankruptcy to be filed by a municipality in American history, Stockton, California seeks bankruptcy protection after years of deep debt woes and inability to pay city workers. The City of Stockton has been facing

Dewey Docket: Fighting Over the Bones

Reuters There could be some fireworks Monday afternoon in federal bankruptcy court in lower Manhattan. The team winding down the defunct law firm Dewey & LeBoeuf LLP is expected to square off against the Justice Department’s bankruptcy watchdog and

Weil Bankruptcy Blog: Half Time Match Report

The summer solstice has come and gone, and with that, it is time for the Bankruptcy Blog to give you the restructuring industry score line at half time. In the 2012 Weil Bankruptcy Survey, we asked our esteemed readership what 2012 held in store for

Separated But Not Divorced: Community Property Surprise

The modern view of marriage is a 50/50 partnership. The Bankruptcy Code turns that proposition on its head: all of a couple’s community property comes into the bankruptcy estate when one spouse files bankruptcy. There’s no: my half, your half. If it