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

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Washington Set Banks Up for the Binge

The government filled a cookie jar, watched as the jar was emptied and then had to bring the fattened raiders back to health. Who was most at fault, those who provided the cookies or those who ate them?

Deutsche Bank Settles False Claims Act Mortgage Fraud Lawsuit

We previously posted about the mortgage fraud lawsuit filed by the United States Attorney’s Office for the Southern District of New York against Deutsche Bank and its subsidiary, MortgageIT, and subsequent developments regarding the defendants’

Persistent Myths About Personal Bankruptcy – Exposed!

No matter how much you think you may know about personal bankruptcy, there’s no denying that there’s a great deal of misinformation you might be falling for. However, this “misinformation” might do more than lead you astray – it might even prevent

The Daily Docket: Publisher Houghton Mifflin to File for Bankruptcy

Houghton Mifflin Harcourt Publishers Inc. has formed an agreement with a majority of its creditors to eliminate $3.1 billion of debt, marking the publisher’s latest effort to tackle a heavy debt load in the face of weak textbook demand. Read the Dow

Life After Filing Chapter 13 Bankruptcy

Chapter 13 Bankruptcy gives you an opportunity to pay arrearages for your home, car, furniture or other secured debts and it allows you to have a repayment plan for your unsecured creditors. If you are currently in a Chapter 13, it is important for

Myths and Truths About Chapter 7 Bankruptcy, Part III

Myths and Truths About Chapter 7 Bankruptcy, Part III Myth: If a debtor wishes to retain personal property or real property, the property can be excluded from the bankruptcy and does not need to be listed in the petition. Truth: All property, real

Myths and Truths About Chapter 13 Bankruptcy, Part III

Myths and Truths About Chapter 13 Bankruptcy, Part III Myth: A debtor can only file a Chapter 13 bankruptcy if they are trying to save a house from foreclosure or a car from repossession. Truth: There are several reasons why a person may file a

Don’t File Bankruptcy!

That’s the cry of the “ debt settlement” industry. They claim that they will help you rid yourself of debt without bankruptcy. If you avoid the out-right crooked companies, can they do it? Sure… But at what cost? There are two types of these

Myths and Truths About Chapter 13 Bankruptcy, Part III

Myths and Truths About Chapter 13 Bankruptcy, Part IIIMyth:  A debtor can only file a Chapter 13 bankruptcy if they are trying to save a house from foreclosure or a car from

Myths and Truths About Chapter 7 Bankruptcy, Part III

Myths and Truths About Chapter 7 Bankruptcy, Part IIIMyth:  If a debtor wishes to retain personal property or real property, the property can be excluded from the bankruptcy and does not need to be listed in the petition.Truth:  All

Can I trust my new car's oil-life monitor?

Do you change your oil too frequently? Follow your oil-life monitor. It may save you money.

How frequently should you change your oil?

Your carmaker knows best on when you should get an oil change.

Go AWOL from Uncle Sam's savings plan?

Ten-hut! Learn if troops can do better than the federal retirement plan and its new option.

Getting baby time when you're a working mom

Insurance and planning help moms whose jobs don't offer much paid time off with a newborn.

Q&A with Yeardley Smith, voice of Lisa Simpson

After walking a mile in a pair of uncomfortable heels, Yeardley Smith started her own shoe line.

What to know when investing in frontier markets

Adventurous investors may consider markets such as Vietnam, but they come with risk.

Regulation Is a Fair Price for Government Support

I've never been able to square bankers' constant demands for less regulation with their repeated requests for more government backing on loans, deposits and insurance.

California Federal Judge Files Chapter 7 Bankruptcy

U.S. District Judge Otis Wright filed for Chapter 7 bankruptcy protection after reportedly being on the bench for just 5 years. According to the San Francisco Chronicle, Wright and his wife filed a petition in December 2011 and claimed to have over

Indiana Racino Takes New Name

Bloomberg Indiana Live! Casino’s post-bankruptcy fate may be a question mark, but it’s losing the exclamation point. A bitter trademark battle and subsequent break with its management company led the casino to change its name to Indiana Grand Casino

Let's Break the Cycle of Boom-Bust-Regulate

The best way to stave off regulatory excess in the wake of a financial crisis is to stop causing crises in the first place. More restraint on financial institutions' part could help.