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

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Rebuild Consumer Trust by Offering a Fair Deal

Banks are entitled to a profit. Customers are entitled to value for their money. Financial products can be designed, marketed and priced to satisfy both parties' needs.

‘Octomom’ House Hit With Foreclosure

By Dawn Wotapka Associated Press/StarPix Nadya “Octomom” Suleman poses for a undated photo in New York to promote her appearance on MTV’s third season of “Silent Library.” Nadya Suleman became a cultural curiosity after giving birth to octuplets

Buck Up, the Future Is Bright for Community Banking

The risky practices at and implicit taxpayer guarantee for systemically dangerous megabanks is driving consumers to community-based banks.

Chicago Bankruptcy Attorney David Siegel Discusses Pre-Filing Requirements

According to Chicago bankruptcy attorney David Siegel, there are several pre-filing requirements that must be satisfied. For example, before a case can be filed under Chapter 7 in the United States Bankruptcy Code, the debtor must submit to a credit

The Daily Docket: Ex-First Regional Parent Enters Bankruptcy

The holding company behind the failed First Regional Bank in Los Angeles, whose $2.18 billion in assets were seized by federal banking regulators nearly 18 months ago, has filed for bankruptcy protection with just a fraction of that amount—$1.3

When an Emergency Bankruptcy is Filed

  While it’s recommended to take time in deciding to file bankruptcy to insure procedures are followed correctly, there are situations in which it makes sense to file a petition immediately. Some people wait to begin the filing process but in turn

Eastern District of Virginia Applies Barton Analysis to Determine Whether Trustee Can Be Sued in State Court

Recently, Barton v. Barbour, a Supreme Court decision from 1881, has received renewed attention. Last month, we blogged about In re VistaCare Group, LLC, No. 11-2695, 2012 WL 1563924 (3d Cir. May 4, 2012), in which the Third Circuit held that Barton

Acquired during marriage: what happens to community property in bankruptcy?

You can’t practice bankruptcy law well in California without a solid grasp of community property law. Yet too many practitioners don’t ask about the form of title to marital property before filing a case for a married person and don’t understand how

Corporate Governance Twofer

Yesterday marked an active day on the corporate governance front. First, the U.K. Government announced “a far reaching package of reform to strengthen the hand of shareholders to challenge excessive pay.” The hallmark of this package is a binding

Corporate Governance Twofer

Yesterday marked an active day on the corporate governance front. First, the U.K. Government announced “a far reaching package of reform to strengthen the hand of shareholders to challenge excessive pay.” The hallmark of this package is a binding

Corporate Governance Twofer

Yesterday marked an active day on the corporate governance front. First, the U.K. Government announced “a far reaching package of reform to strengthen the hand of shareholders to challenge excessive pay.” The hallmark of this package is a binding

Corporate Governance Twofer

Yesterday marked an active day on the corporate governance front. First, the U.K. Government announced “a far reaching package of reform to strengthen the hand of shareholders to challenge excessive pay.” The hallmark of this package is a binding

Student Loans

Last week, I came across an article in the Washington Examiner while I was riding the metro to work. This article noted that residents of Maryland carry more student loan debt than any other state in the country at $33,087. Virginia ranked sixth at

Student Loans

Last week, I came across an article in the Washington Examiner while I was riding the metro to work. This article noted that residents of Maryland carry more student loan debt than any other state in the country at $33,087. Virginia ranked sixth at

Arcapita: United States Trustee Objects to Arcapita's Attempts to Seal Information

Earlier today, the United States Trustee filed a motion objecting to Arcapita Bank's attempts to seal information relating to employee programs and global settlement. See http://www.gcginc.com/cases/arcapita/pdflib/261_11076.pdf To date, sealing and

Today in Bankruptcy – 6-20-2012

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for June 20, 2012. President of Costa Rica and ICE CEO Deny Bankruptcy Rumours Nationstar Named Opening Bidder for Bankrupt ResCap Mortgage Unit

CFTC Subcommittee Explores “Broad Definition” of High-Frequency Trading for Rulemaking Process

Numerous media sources have reported on a CFTC advisory subcommittee’s announcement that it sought to broadly define “high-frequency trading” when developing rules to govern that trading, citing disagreements over the definition during meetings today

Madoff Trustee Picard Joins Twitter

By Chad Bray Reuters Irving Picard speaks during a news conference in December 2010. In another sign of Twitter’s ubiquity, the trustee seeking to recover assets for convicted Ponzi-scheme operator Bernard Madoff’s victims has joined the information

LexisNexis Makes It to the Next Round! Social Madness Corporate Challenge

LexisNexis has made it to the second round in the social media competition that is pitting Dayton-area companies against each other to establish social supremacy. The field has been narrowed to eight companies competing head-to-head, and in this

The Los Angeles Bankruptcy Court – Advice, Help, Info, Links, Forms

We understand debt problems very well, and we know how to fix them.Our firm has become a Los Angeles icon, famous for providing a safe harbor to people in debt trouble for more than 30 years. Each partner at Bayer, Wishman & Leotta has been doing