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

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The Daily Docket: Ally Puts ResCap Into Bankruptcy

Ally Financial Inc.’s troubled mortgage subsidiary filed for Chapter 11 bankruptcy early Monday, potentially paving the way for Ally to sever itself from substantial litigation that has been a drag on its other operations and prevented it from

What JPMorgan Still Needs to Explain

Shareholders, creditors, counterparties and regulators deserve to know more about the causes of that $2 billion trading loss.

What Is a Chapter 7 Bankruptcy?

Filing for relief under Chapter 7 in Georgia will immediately stop all creditor collection efforts, including harassing phone calls, letters, foreclosures, repossessions and garnishments, just to name a few of the common activities typically

Will 'Egregious' Error Sway the Say-on-Pay Vote at JPMorgan?

Until now, there was no expectation that anyone at Tuesday's shareholder meeting would complain about the enormous booty Jamie Dimon earns. The $2 billion trading loss changes everything.

Will my student debt pinch the kids' 529s?

You may not need to worry about your creditors going after your children's college funds.

Investment opportunities abound beyond US

It doesn't pay to be a xenophobe. Consider foreign stocks and funds for your portfolio.

3 sneaky ploys financial advisers use

Beware of advisers who use props to persuade you to buy their products. Is it all an act?

What women want men to know about retirement

Women's and men's differing retirement needs are not often openly discussed.

Are you being tricked into saving for retirement?

Employers assume a parental role when they sign up their workers for company plans.

Find the 401(k) investing strategy for you

If you break down the fund choices in a 401(k) plan, it's easy to design an investment strategy.

Is it worth it to refinance an underwater ARM?

Cash, and maybe Uncle Sam, can help you refi to a fixed rate if you owe too much.

What Is the Difference Between Avoiding a Junior Mortgage Lien and Discharging a Mortgage Loan in California Bankruptcy?

Depending on whether they are eligible for Chapter 7 bankruptcy or Chapter 13, homeowners who file bankruptcy in California with more than one loan secured by a deed of trust (which include home equity lines) may get very different types of debt

L.A. Bankruptcy Court Warns Bad Trouble Awaits Chapter 7 Filers If No 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

KPMG and PwC team up to try to speed up returns of assets and cash to MF Global and Lehman clients

Per Reuters, KPMG (acting for MF Global UK's administrators) announced it will work with PricewaterhouseCoopers (acting for Lehman's UK administrators) to establish whether unsecured funds can be traced and treated as if they were secured, in order

Buyer, beware additions done without permits

Buying a house with additions done on the sly? An inspector is the last person to worry about.

Chapter 13 Does Not Permit One Spouse Filing Alone To Cram Down Mortgage

Here's an interesting bankruptcy court decision about stripping down a partially unsecured mortgage on an investment property in a Chapter 13 case. Chapter 13 permits a debtor to cram down the balance of a first mortgage on an investment property...

Small Banks Are Big Banks' Pawns in Assault on Dodd-Frank

If community banks aren't willing to separate themselves from their larger counterparts, they risk appearing to be agents - or dupes - of the bigger banks.

L.A. Bankruptcy Court Warns Chapter 13 Filers: No Chance Without a 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

The Broke and the Beautiful: T.O. Edition

This week on The Broke and the Beautiful, Terrell Owens opens up to famed talk-show host Dr. Phil, and the Phoenix Coyotes might be ending its period of NHL ownership. Also this week, Gary Busey has a new job. Associated Press/Cincinnati Enquirer

Southern District Stern Review: Rakoff Rules that Fraudulent Transfer Actions Belong in Bankruptcy Court, But Only for Reports and Recommendations

On May 9, Judge Rakoff came down on the side of those who have argued that bankruptcy courts cannot enter a final judgment in fraudulent transfer actions, as such actions are not within the “stuff” of public rights. However, Judge Rakoff recognized