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

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Do I Have to Appear in Court if I am Being Sued for Credit Card Debt?

Being sued by a creditor gives them legal means to collect from you when you haven’t paid toward your debt. If you receive a summons you may wonder whether or not to appear in court. Many debtors assume that if they don’t have the money, what is the

Orlando Sentinel Article About Bankruptcy Filings Decrease

Richard Burnett, financial writer for the Orlando Sentinel quoted me in this front page article published May 17, 2012, about the decreasing number of bankruptcy filings. My quote is part of a much longer discussion about bankruptcy trends which I...

Watchdog Asks To Stub Pot Grower’s Bankruptcy

Associated Press The feds are burned out with a medical marijuana grower that it suspects isn’t quite taking its bankruptcy case seriously. A federal court watchdog wants a judge to dismiss the Chapter 11 bankruptcy case of Denver-based CGO

Los Angeles Bankruptcy Lawyer Warns: “Don’t Co-Sign Any Loans!”

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

The Broke and the Beautiful: Mitt Romney Edition

This week on The Broke and the Beautiful, presidential hopeful Mitt Romney faces criticism from President Obama’s re-election campaign over the practices of his former employer, private equity firm Bain Capital. Also, Nadya “Octomom” Suleman’s

Arcapita's Chapter 11 Proceedings: Questions to Readers in the Middle East

I see with delight that people in the Middle East are following Arcapita's chapter 11 proceedings on this blog. Hello and welcome! It is the mission of the blog to heighten transparency in cross-border restructurings and it is good to know we are

Defending An Innovative Use of the Bankruptcy Code

Joseph Smolinsky recently wrote a publication called Retooling General Motors: Defending an Innovative Use of the Bankruptcy Code to Save American’s Auto Industry in the Brooklyn Journal of Corporate, Financial & Commercial Law. Below is a an excerpt

Just Like Dental Floss, PFM Software Is Sadly Underused

Personal financial management software must deliver real value to banks, not just consumers. Just saying PFM increases customer loyalty doesn't cut it. The value proposition has to be more attractive given the revenue pressures banks face today.

The Daily Docket: Funds Seek Bankruptcy For Allied

Hedge funds owed nearly $53 million have moved to push Allied Systems Holdings Inc. into an involuntary bankruptcy case, a remedy for what they claim are improper moves by owner Yucaipa Cos. Read the Daily Bankruptcy Review article here. (Daily

Why No Look Fees Are No Good For Bankruptcy Lawyers

No look fees for bankruptcy cases are comfortable and easy for the practitioner. You can quote a fee for a Chapter 13 confident that most other attorneys in town are quoting the same fee. No fear of price competition. The client likes it. It appears

Exxon Webcast on Executive Compensation Represents Another Method of Shareholder Outreach

This proxy season there has been a lot of focus on companies filing additional soliciting materials to supplement proxy disclosure, with a particular focus on executive compensation in light of the say-on-pay vote. Exxon Mobil has taken a

Exxon Webcast on Executive Compensation Represents Another Method of Shareholder Outreach

This proxy season there has been a lot of focus on companies filing additional soliciting materials to supplement proxy disclosure, with a particular focus on executive compensation in light of the say-on-pay vote. Exxon Mobil has taken a

Refinancing May Now Be More Appealing to Homeowners

The Wall Street Journal (WSJ) recently did a report about interest rates in the housing market. Many homeowners have been reluctant to get refinancing but new data suggests this may be a good time to look into the option. It looks as if more banks

A Foreclosure Film in the Making Awaits Final Scene

Many of the people we've spoken to for our documentary share a crusading inclination. And they point out that there's still more beneath the subprime iceberg that needs to be explored.

Collections Efforts

Many individuals filing for bankruptcy experience various types of collections efforts prior to filing. These collections efforts can include anything from harassing phone calls and letters to law suits and even garnishment. If you, or someone you

Debtor Responsibilities in Reviewing and Filing a Bankruptcy Petition

Many people filing for bankruptcy choose to hire an attorney to file their petition. Bankruptcy law is very complex and changes from time to time making it somewhat difficult to navigate for a pro se debtor. It is important to remember, that even

Exxon Webcast on Executive Compensation Represents Another Method of Shareholder Outreach

This proxy season there has been a lot of focus on companies filing additional soliciting materials to supplement proxy disclosure, with a particular focus on executive compensation in light of the say-on-pay vote. Exxon Mobil has taken a

Exxon Webcast on Executive Compensation Represents Another Method of Shareholder Outreach

This proxy season there has been a lot of focus on companies filing additional soliciting materials to supplement proxy disclosure, with a particular focus on executive compensation in light of the say-on-pay vote. Exxon Mobil has taken a

Debtor Responsibilities in Reviewing and Filing a Bankruptcy Petition

Many people filing for bankruptcy choose to hire an attorney to file their petition.  Bankruptcy law is very complex and changes from time to time making it somewhat difficult to navigate for a pro se debtor.  It is important to remember, that even

Collections Efforts

Many individuals filing for bankruptcy experience various types of collections efforts prior to filing.  These collections efforts can include anything from harassing phone calls and letters to law suits and even garnishment.  If you, or someone you