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

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‘Octomom’ Latest Celebrity to File For Chapter 7 Bankruptcy

Nadya Suleman, more famously known as “Octomom”, has filed for Chapter 7 bankruptcy, according to ABC News. Suleman became famous after giving birth to octuplets who were the result of an assisted reproductive technology procedure. She is a mother of

Do Banks Trade Stocks on Information from Their Loan Desks?

To ensure covenants are satisfied, loan syndicates obtain private information that would give an equity market maker an advantage. Reinstating Glass-Steagall may be the only way to prevent reuse of such information.

Interested Shareholders File Soliciting Materials on Annual Meeting Ballot Items

An increasing number of shareholders are filing solicitation materials advocating for a particular position on a voting matter at annual meetings, the flip-side to our recent discussion of companies filing additional soliciting materials to support

Interested Shareholders File Soliciting Materials on Annual Meeting Ballot Items

An increasing number of shareholders are filing solicitation materials advocating for a particular position on a voting matter at annual meetings, the flip-side to our recent discussion of companies filing additional soliciting materials to support

Chapter 15 Offers Safe Harbor But Not Complete Refuge From Foreign Court Rulings

As we have discussed previously, the international waters are currently afloat with reorganization plans for shipping companies. In a recent decision out of the Southern District of Florida regarding a shipping reorganization with a uniquely

The Daily Docket: Vegas Developer Looks to Shed $500M Debt

Las Vegas developer Bill Plise is trying to shake off some $500 million worth of personal debts in bankruptcy, mostly guarantees of bank loans linked to a bid to develop City Crossing, a $2 billion casualty of the recession. Read the Daily Bankruptcy

Help to Detect Medical Billing Errors

We often tell our readers that reviewing their medical bills for errors is essential, that it can help them get payments from their insurance company and save money on medical bills. It seems that this task has opened the doors for some entrepreneurs

What if I want to buy or sell something while in bankruptcy?

There is a common misperception that debtors cannot purchase or sell any property while in a chapter 13 bankruptcy. That simply is not the case. However, you will need permission from the court to complete any purchase or sale. Should you find that

Interested Shareholders File Soliciting Materials on Annual Meeting Ballot Items

An increasing number of shareholders are filing solicitation materials advocating for a particular position on a voting matter at annual meetings, the flip-side to our recent discussion of companies filing additional soliciting materials to support

Interested Shareholders File Soliciting Materials on Annual Meeting Ballot Items

An increasing number of shareholders are filing solicitation materials advocating for a particular position on a voting matter at annual meetings, the flip-side to our recent discussion of companies filing additional soliciting materials to support

Four Rules For Finding Bankruptcy Truths

Remember, when you were a child, you assumed that anything written in a book was true. And then, as you got older, you realized that there were books in print that said utterly opposite things. Both couldn’t be true, yet there they were, in print

363, Article 9, ABC, Receivership: List your sale for free in DailyDAC

Our friends in the bankruptcy group at the Elliott Greenleaf law firm in Delaware mentioned DailyDAC in their most recent client communiqué that. In connection with a 363 sale in a Chapter 11 case in which they represent the debtor, they wrote: [W]e

Questions from DailyDAC Subscribers

Some subscribers have recently emailed with questions. Here they are, along with our answers. Why does DailyDAC list some opportunities that are listed on other large, national broker and auction sites? The implicit assumption in this question is

What if I want to buy or sell something while in bankruptcy?

There is a common misperception that debtors cannot purchase or sell any property while in a chapter 13 bankruptcy.  That simply is not the

5 steps to counter $4 per gallon at the pump

You can't control the price at the pump, but you can keep fuel prices from driving you crazy.

Prepaid card pays 6 percent. What's the catch?

Watch out for fees on prepaid credit cards tempting you to park money for a high yield.

House prices rise and fall just about equally

There aren't many inexpensive houses for sale, the Realtors say. But tell that to Detroit.

Deducting interest when you refi to buy a rental

You can allocate the mortgage interest between your primary residence and the rental property.

4 ways to stretch your budget for a new baby

A bundle of joy can cost a bundle, too. These tips will help you maximize your finances.

Home values: Check out the 5 worst markets

These cities had the biggest drops in home value in 2012's first quarter, according to the NAR.