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

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Good to take Social Security and still work?

Here's why you might wait with Social Security if you stay employed past full retirement age.

Who's hot, who's not? Wildest weather locales

Need conversation starters? These weather facts will blow your friends away at the next party.

Muni bonds: Pros, cons of investing options

Are municipal bonds a good investment these days? What's the best way to invest in them?

5 dumb ways to spend money on your kids

Don't fall for that pouty face. Caving in to kids' money demands can put you in the poorhouse.

What buyers and sellers need to know about comps

Comps. Homebuyers and sellers have heard of them. But what, exactly, are comparables?

Delinquent Taxpayers to Pay Collection Fees

When it comes to paying taxes, the last thing we want are more fees. It is bad enough we need to deal with tax debt, but to have fees added on puts us even further in debt! While there are all sorts of different types of fees, out of the state of

NACBA San Antonio: Marketing A Bankruptcy Practice

Our presenter was Larry DePalma, an affable guy who identified himself as a marketing expert. He mentioned a number of times that he works with a bankruptcy lawyer in Tennessee. [I checked his LinkedIn profile which claims that he is a "Treasury

Florida Mortgage Foreclosure and Liability

A topic of much concern is liability in a residential mortgage foreclosure in Florida.In the origination of a typical residential mortgage transaction, there are two instruments - the promissory note and the mortgage. The promissory note documents

Will 'Say on Pay' Votes Prompt Firms to Listen?

Is the tide shifting in favor of giving shareholders a greater voice in the critical arena of executive compensation, and will this extend to other areas of corporate management?

Decision in Ultimate Acquisition Grants Motion to Dismiss, But Also Grants Leave to Amend the Preference Complaint

Summary In a straight-forward 9 page decision signed May 1, 2012, Judge Walrath of the Delaware Bankruptcy Court granted a defendant’s motion to dismiss a preference complaint, but granted the plaintiff leave to amend. Judge Walrath’s opinion is

Bankruptcy Dismissed: Is that a bad thing?

“Angie” filed a bankruptcy a couple years ago with some other lawyer. Her case was “ dismissed.” She emailed me yesterday, looking for a lawyer she could “trust.” “I filed two years ago and my lawyer filed too early from my one years ago and it was

Mortgage Warehouse Lending Is Safer Than Many Bankers Think

Don't think of this business as residential lending. It's really a low-risk form of asset-based lending.

Prince Sports, Inc. and Affiliates File for Chapter 11 Protection

On May 1, 2012, Prince Sports, Inc. (“ Prince”) and three affiliates (collectively, the “ Debtors”) filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware. The petition lists both assets and liabilities between $50

“Notwithstanding Section 510(a)…” – Tribune’s Bankruptcy Court Holds that Contractual Subordination Should Not Be Considered in Unfair Discrimination Analysis

Section 1129(b) of the Bankruptcy Code, grants authority for a non-consensual chapter 11 plan to be “crammed down” on a dissenting class of claimants or interest holders, and begins with the words “[n]otwithstanding section 510(a) of this title….”

Fashion Designer Betsey Johnson Latest To Feel Retail Pinch In Slow-Growth Economy

Betsey Johnson LLC, a U.S. fashion designing firm, has filed for Chapter 11 bankruptcy protection according to Reuters. The company, based out of New York City, cited declining sales and profitability due to high-end fashion being hit hard by the

Capitol Infrastructure and Affiliates File for Chapter 11 Protection

On April 27, 2012, Capitol Infrastructure, LLC (“ Capitol”) and several affiliates (collectively, the “ Debtors”) filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware. The petition lists assets between $100,000 to

The Daily Docket: Kodak Allowed to Pay Bonuses

A judge on Monday said Eastman Kodak Co. could pay millions of dollars in bonuses to several hundred employees to keep them happy and at the company, overruling an objection by the Justice Department’s bankruptcy-watchdog unit. Read the Daily

Evidence Rules In Mortgage Litigation

Judge Pamela Pepper convened a “hearing” on related disputes involving a debtor’s mortgage, the creditor’s standing, and the payment history on the loan. The various parties to the dispute sought to obtain, introduce and exclude evidence at the mock

U.S. Supreme Court Refuses To Hear Idearc Shareholders' Objection To Bankruptcy

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on Apr. 30 denied certiorari to a class of shareholders in bankrupt Idearc Inc. who had objected to the confirmation of Idearc's Chapter 11 reorganization plan on grounds that its approval violated

Can You Explain Your Incentive Pay Plan to Your Staff?

You would think that the periods in which folks may be getting a little more money in their paychecks would be times of smiles and high-fives. That's too often not the case.