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

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With mortgage rates so low, how to swing a refi?

Cash-in? Cash-out? HARP? There's more than one way to refinance and grab today's low rates.

How and where can you score fast cash -- legally?

Need money in a hurry? These tips will snag you a fistful of dollars without getting scammed.

How do I shake debt resulting from ID theft?

A fraudster sullied your good credit. Don't let a fishy collection agency victimize you, too.

Road to Fiscal Folly Is Paved with Good Intentions

We need pro-growth reforms that fix the numerous tax, expenditure and regulatory policies that undermine individual incentives, both within and outside our social welfare systems.

What Happens If I Forget to Add a Creditor to My Bankruptcy Filing?

In many situations, it may not be too late to add a creditor if you accidentally forgot to add them to your filing. Whether you are filing Chapter 7 bankruptcy or Chapter 13 bankruptcy, the process for some can be stressful so it’s understandable

Can you eliminate a second mortgage in Chapter 13?

One of the most powerful weapons in the Chapter 13 arsenal is the ability to eliminate second mortgages commonly referred to as ”lien stripping”. Stripping the lien of a second mortgage holder relieves the homeowner of the obligation to make two

Podcast on the Latest Legal Issues in Ponzi Scheme Litigation

Posted by Kathy Bazoian Phelps Readers are invited to listen to a podcast that I recently did for the LexisNexis Bankruptcy Community on the latest legal issues in Ponzi scheme litigation. It is available here. In this podcast, I review some recent

Can Change Begin in Bankruptcy Court?

I'll be 60 years old this year - a true flower child at heart. Love, Peace, Equal Rights. And as my generation grew up we lived those values and life slowly changed. Something's happened - there's been a shift and in my opinion an ugly shift. It's

Thanks a Trillium! English High Court holds that a run off of liabilities in England does not comprise “economic activity,” a necessary component of the definition of “establishment” required to provide the English courts with jurisdiction to open secon

On May 9, Weil’s London Office achieved a resounding and significant litigation win in Trillium (Nelson) Properties v Office Metro Limited EWHC 8703 of 20. The case is of considerable general importance to restructuring and insolvency professionals

The Daily Docket: Lehman Blasts Banks’ Deal With Zell

Lehman Brothers Holdings Inc. lashed out at Sam Zell's deal with banks to extend Zell's option to buy their remaining stake in Archstone.

Is Personal Bankruptcy in the Cards for You?

You’ve been attempting to pay off your debts to the best of your abilities. Whenever you get extra money, you throw it at your bills in the hopes that the mountain of debt you have will magically reduce itself. However, it seems that no matter how

Are Liar Loans Going to Get Principal Reductions?

Lurking below the surface of the principal reduction debate is an ugly and messy public policy problem - namely what to do about the group of delinquent and underwater borrowers who were not truthful.

What is Median Income?

If you are considering filing for bankruptcy and meet with an attorney he/she will likely determine whether you are under or over median income Individuals at or below median income for their family size can file a Chapter 7. If you are over median

Surrendering Your Home In Bankruptcy Doesn’t Mean It’s Not Yours

You walk into bankruptcy to get rid of your mortgage. You walk out still owning real estate. How’s that happen? It’s almost a joke – when does surrender not mean surrender? It’s not a funny joke, but one nonetheless. Here’s the tip: when you

Georgia Legislature Increases Homestead Exemption – Translation? Easier to Keep Home In Bankruptcy

Governor Nathan Deal of Georgia has signed Senate bill 117 to increase the homestead exemption amount from $10,000.00 to $21,500.00 for individuals and from $20,000.00 to $43,000.00 for married couples. Also raised was the median income table for

A Hardship Discharge For Your Bankruptcy Payment Plan

Chapter 13 bankruptcy helps debtors get themselves out of a deep hole, but it doesn’t cure all of your debt problems. Chapter 13 payment plans can be extremely difficult to uphold. One slip-up in your life and payments are delayed. Unforeseen

What is Median Income?

If you are considering filing for bankruptcy and meet with an attorney he/she will likely determine whether you are under or over median income  Individuals at or below median income for their family size can file a Chapter 7.  If you are over median

Check out the top 5 housing markets on the rise

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

Does wife owe ex-hubby's credit card debt?

Divorce is messy, but it can get messier if you don't cut the credit card connection cleanly.

4 stock indexes and what they track

Each stock index mirrors a part of the market. Learn why none is a great gauge for all stocks.