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

Say-on-Pay Scorecard: 2012 vs. 2011 (So Far)

With proxy season in full swing, we wanted to provide an update on this year’s say-on-pay findings to date and compare them to results from last year at this time, almost to the day. As of the end of last week (May 18, 2012), 639 large accelerated

Retirement Accounts Are Protected In Bankruptcy

Retirement accounts are often the most valuable asset a person owns. Their ability to live a long healthy retirement depends on it. Retirement accounts are so important that in 2005, Congress changed the bankruptcy laws to protect retirement accounts

Filing Bankruptcy to Stop a Garnishment

If I file bankruptcy today will my paycheck still be garnished tomorrow? The short answer is yes.  However, there are several things to keep in mind:

Surrendering House Through Bankruptcy

You file bankruptcy and surrender your home through the bankruptcy. You do not have to worry about the house anymore right? Wrong! The bankruptcy takes care of your legal liability for the DEBT on the house. It

How to Place a Value on Your Assets in Chapter 7 Bankruptcy (or in Chapter 13 for That Matter)

Often prospective clients come to our San Jose offices for a free bankruptcy consultation armed with legal “expertise” they have garnered from sites pertaining to bankruptcy all over the internet. One of the principle fears that these folks convey to

Does the Absolute Priority Rule Apply In Individual Chapter 11 Cases? The Ninth Circuit BAP Says No, and the Bankruptcy Court for Southern District of Texas Certifies the Question to the Fifth Circuit Court of Appeals

The controversy among the courts over whether the Absolute Priority Rule contained in § 1129(b)(2)(B)(ii) applies in individual chapter 11 cases. The Ninth Circuit Bankruptcy Appellate Panel has now entered the fray with its opinion in In re Friedman

Dodd-Frank Demands a Broader View of Compensation

Dodd-Frank extends oversight of compensation at large banks to anyone paid an incentive for performance. That's not just the top five or 100 executives, but more likely around 25,000 employees.

Financial Infidelity Can Lead to Bankruptcy Under California Divorce Law

Affairs of the Checkbook: a Growing Problem… When the word “infidelity” comes to mind, most people think of an extramarital affair, of a husband, wife or significant other cheating by sneaking around with another lover. In fact, America is so

Financial Infidelity Can Lead to Bankruptcy Under California Divorce Law

Affairs of the Checkbook: a Growing Problem… When the word “infidelity” comes to mind, most people think of an extramarital affair, of a husband, wife or significant other cheating by sneaking around with another lover. In fact, America is so

Financial Infidelity Can Lead to Bankruptcy Under California Divorce Law

Affairs of the Checkbook: a Growing Problem… When the word “infidelity” comes to mind, most people think of an extramarital affair, of a husband, wife or significant other cheating by sneaking around with another lover. In fact, America is so

Can I Collect Unemployment if I Become Self-Employed?

If you have been unemployed for a while, you may be thinking about making a career change or seeking self-unemployment. Keep in mind, some state programs are not eligible for those who are self-employed but some states may allow you to collect

Madoff and Trustee Incentives

We've been pretty quiet about Madoff on this blog, so I think it's time for a few words on the matter. I want to quickly recap two critical decisions in the case and then raise the issue of the alignment of incentives between the trustee and the

The Nolo Blog Offers Advice From L.A. Bankruptcy Lawyer

About 39% of all Chapter 7 cases filed without a lawyer end in failure, (even for those who use self-help services from a bankruptcy petition preparer). Leon Bayer and Jeffrey Wishman of the Los Angeles bankruptcy firm Bayer, Wishman & Leotta, are

Is Help On the Way for Investors Defrauded in Ponzi Schemes?

The quest of defrauded investors in Ponzi schemes to be made whole is ongoing. To recover their funds in the resulting bankruptcy and receivership cases of the Ponzi debtor, investors file proofs of claim to seek reimbursement of their unpaid

Zoo: Garden Fest Tweet-Up

Zookeeper Kelli balances a female New Guinea stick insect while pointing out the males on display. The Garden Festival was a recent weekend-long event at the San Diego Zoo to bring the flora and fauna of our backyard into the spotlight, hosted over

Guess Founder’s Beverly Hills Estate Listed for $24.5 Million

By Lauren A.E. Schuker Bloomberg News Fashion mogul Georges Marciano co-founded Guess Inc. but has recently run into financial hardships, forcing him to sell his house. The Beverly Hills estate of fashion magnate Georges Marciano has been put on the

Second Circuit Upholds Dismissal of Claims Against Auditor in Madoff Ponzi Scheme

Posted by Kathy Bazoian Phelps The Second Circuit has upheld the district court’s decision in Stephenson v. PricewaterhouseCoopers LLC, 768 F. Supp. 2d 562 (S.D.N.Y. 2011), dismissing an investor’s claims for professional malpractice and fraud

Chapter 9 Update: Alabama Municipalities Eligible As “Debtors” Under Section 109(c)

In Alabama, two municipalities—Jefferson County and the City of Prichard—recently found themselves unable to cope with their economic hardships and filed voluntary petitions for relief as municipality debtors under chapter 9 of the United States

What Are Requirements and Guidelines to Qualify for an Offer in Compromise?

An offer in compromise lets taxpayers settle tax debt for less than the original amount that is due. While the paperwork for the process can be obtained by the taxpayer who is seeking to apply, it has been recommended to work with a tax expert during

The Daily Docket: Bankruptcy Claims Trading Slows

Distressed investors last month bought up the smallest amount of debt from ongoing bankruptcies in more than a year, new data show. Read the Daily Bankruptcy Review article here. (Daily Bankruptcy Review and DBR Small Cap are daily newsletters with