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

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Save Your Home By Filing Chapter 13 - Is That Your Best Option??

Many people find themselves in a tough position when they’ve fallen behind on their mortgage payments and are unable to make them up. They try to negotiate with the mortgage company, enter into a loan modification, or some even try to borrow the

What say?

Gretchen Morgenson, in Mortgage Unit Troubles Ally Financial explains that: Although repurchase claimants would be considered general unsecured creditors in a ResCap bankruptcy, the put-back demands would very likely be somewhat senior to those of

What Happens At A Creditors Meeting?

The United States Bankruptcy Court District of Oregon recently published a video of a creditors meeting (video can be viewed in Quicktime). The 341 Meeting Overview Filing for bankruptcy means making at least one appearance for the case. Within a

How Builders Compete Against Foreclosures

Ron Betenbough’s company has been building homes in Texas for the last 20 years and has always been more than willing to compete by offering great prices. Now, however because of the number of foreclosures occurring, this has become difficult. He has

New Opinion Makes Sense of "Identifiable, Tangible and Material Benefit" Language From Pro-Snax

In Matter of Pro-Snax Distributors, Inc., 157 F.3d 414 (5 th Cir. 1998), a panel of the Fifth Circuit made the uncontroversial ruling that a chapter 11 debtor’s attorney could not recover attorney’s fees from the bankruptcy estate after appointment

Find the best prepaid debit card for you

Bankrate's 2012 survey examines fees and features of prepaid debit cards.

Prepaid debit cards come with fistful of fees

A prepaid card can cost you a bundle. Be aware of the fees before loading one with your money.

Should I pay an old debt that's a mystery?

It's time for some diligent detective work if they say, "You owe," you say, "I don't know."

Warning! 5 prepaid debit card scams to watch for

Prepaid card users are targets. Don't let a thief swipe your money when you swipe your card.

How to take the plunge on a swimming pool

Think of interest costs to decide how to put liquidity from your home into a new pool out back.

5 ways prepaid debit cards can cost you

These aren't the same as typical bank cards. Ask about fees and restrictions before using one.

Ditch your checking account for a prepaid card?

Yes, more banks are charging for checking accounts, but check out the fees on prepaid cards.

Increase in Homestead Exemption Good News for Georgia Bankruptcy Filers

Georgia bankruptcy filers got two pieces of good news this past week – the Governor has signed Senate bill 117 increasing the bankruptcy homestead exemption from $10,000 to $21,500, and the median income tables for Georgia families has been adjusted

Finally – Some Good New for Georgia Bankruptcy Filers

Within the last few weeks, there have been two favorable developments for Georgia bankruptcy filers. First, as of May 1, 2012, the median income tables for Georgia families has been adjusted upwards, reversing a longstanding trend. Second, on May 2

Don’t Fall Into the Painful and Expensive Chapter 13 “Car Trap”

Filing a chapter 13 bankruptcy case is sometimes necessary because of having debts which can’t be discharged in chapter 7, having non- exempt property, or having too much income to file chapter 7. When you make the decision to file a chapter 13 case

GAME exits administration as OpCapita promises no more job losses.

GAME exits administration as OpCapita promises no more job losses 3,200 UK employees safe 2 April 2012 9:40 GMT / By Rik Henderson As was expected , GAME has now exited administration as OpCapita has bought the UK assets of the GAME Group PLC for

Judge trims Madoff trustee's profit clawback suits.

Per Reuters . . . Judge trims Madoff trustee's profit clawback suits Comments SIPA Trustee Picard speaks during a news conference in New York, announcing the return of $7.2 billion from the estate of Madoff insider Picower to settle civil claims for

Eircom - Latest news in examinership considered to be the largest in Irish corporate history

Per http://globalinsolvency.com, a €2 Billion cash offer for Eircom has been rejected . . . €2 Billion Cash Offer For Eircom Rejected Fri., May 4, 2012 A cash offer of €2 billion for Eircom was rejected by the company’s examiner and its senior

OK to cancel contract with real estate agent?

Is there a cooling-off period during which you can fire your real estate agent without penalty?

Arcapita Bank - Attending the Bankruptcy Court Hearing in New York City on May 7, 2012

A hearing will be held in New York City on May 7, 2012 in Arcapita Bank's chapter 11 proceedings. The hearing will be before the Honorable United States Bankruptcy Judge Sean H. Lane, and is open to the public. If your/your clients' rights are