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

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Slow but steady economic growth in Florida

What will it take to spur economic recovery in Florida? Chief economists weigh in.

How to choose mutual funds like a professional

Rather than follow the crowd into an abyss, consider these savvy strategies for picking funds.

Ex filed bankruptcy. What about my motorcycle?

Should a man keep paying on his bike when his ex-wife included the loan in bankruptcy?

8 surprising secrets about your credit card

Paying a few days late won't ding your credit. Learn this and other secrets of playing your cards right.

Best strategy for using up college savings?

A family should be smart about using its college funding sources. That means federal aid, too.

Could your insurance withstand a hurricane?

Ask the right questions to know your property is protected from the big storms' wind and water.

Must I pay taxes in 2 countries? 'Nein!'

You'll have to pay taxes in the U.S., but take these steps for an exemption from Germany.

Debtors Can Strip Second Mortgage In Chapter 7 Bankruptcy Says Eleventh Circuit Court

A new court decision by the Federal Appeals Court for 11th Circuit makes it easier people to get rid of their second mortgage on upside down real property through bankruptcy. Up until now, homeowners could strip off their second mortgage...

Behind JPMorgan's Big Loss: A Broken Risk Model

JPMorgan's flawed value at Risk modeling failed to catch the danger in its Chief Investment Office. But the metric's elevated readings now threaten the bank's ability to take risk elsewhere.

Notice: Order in AFA Investment, Inc. Has Substantial Effect on Creditors -- Guest Post Written by Jay Strock

On May 8, 2012, the U.S. Bankruptcy Court for the District of Delaware (the “Court”) entered its Order (the “Order”) Establishing Procedures to Assert Claims Arising under Section 503(b)(9) of the Bankruptcy Code (“503(b)(9) Claims”) in the chapter

Most Common Questions about Chapter 7 Bankruptcy

Chapter 7 bankruptcy may be the most common chapter filed but it is common to have questions about the process if it is being considered as a solution to help handle overwhelming debt. Discussing questions and concerns with a qualified bankruptcy

Here Are 3 Ways To Cram Down A Car In Spite Of The Hanging Paragraph

There are three labeled exits from the 910 freeway. Find one and you save your client thousands of dollars. Miss them all and you do your client a disservice. The infamous hanging paragraph in §1325(a) prohibits bifurcation of a creditor’s claim

Divided U.S. Supreme Court: Debtors' Farm Sale Tax Liability Not Dischargeable

WASHINGTON, D.C. - (Mealey's) A divided U.S. Supreme Court ruled 5-4 Monday that the federal income tax liability that resulted from a debtor's post-petition farm sale is not "incurred by the estate" for the purposes of 11 U.S. Code Section 503(b)

Dewey Troubles Touch NewPage Chapter 11

Reuters A man moves boxes out of the offices of Dewey & LeBoeuf. Curious what happens to a client whose law firm is on the brink of collapse? Just ask paper maker NewPage Corp., which saw a hearing on a key issue in its Chapter 11 case pushed back

Dealing With Family Gifts and Loans

When filing bankruptcy, it is often easy to overlook personal loans and gifts. However, this type of debt or property may have a significant impact on your bankruptcy filing. Not disclosing information regarding real estate that has been gifted to

50 Ways To Surrender Your Property In Bankruptcy

With apologies to Paul Simon: You Just slip out the back, Jack Make a new plan, Stan You don’t need to be coy, Roy Just get yourself free Hop on the bus, Gus You don’t need to discuss much Just drop off the key, Lee And get yourself free 50 Ways to

Sellers Celebrate: Delaware Bankruptcy Court Confirms that Assumption and Assignment of an Executory Contract Offers Protection from Preference Claims

If an executory contract is assumed and assigned by a debtor, can a chapter 7 trustee recover payments made by the debtor under the contract as a preferential transfer? Judge Sontchi of the United States Bankruptcy Court for the District of Delaware

Jamie Dimon Has Led JPMorgan on a Chase to the Bottom

That $2 billion trading loss is just last week's headline. Is Chase so big and complicated that no CEO could apply, teach and enforce decency and the smell test?

ResCap Bankruptcy Papers List Largest Creditors

Ally Financial Inc. placed its ResCap mortgage subsidiary into bankruptcy early Monday in an attempt to jettison what has long been a drag on its business. ResCap’s initial bankruptcy filings also list the company’s largest unsecured creditors, a

How to Borrow After a Personal Bankruptcy

You may think that filing for a personal bankruptcy is like declaring a death sentence for your credit score. However, there is no denying that there certainly are ways you can borrow after filing for a personal bankruptcy. Ultimately, you can borrow