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

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Remember the Big Stuff: Protecting Retirement and Business Assets

Hon. Susan Kelley, U.S. Bankruptcy Court (Milwaukee, WI) Behrooz Vida, Esq. (Bedford, TX) Retirements asset issue. ERISA qualified plans excluded from bankruptcy estate. Nobody knew what was ERISA-qualified and not. IRAs may not have been qualified

Ponzi Plaintiffs Pursue Payment in Third-Party Proceeding, Southern District Sustains Stay of Suit

While the automatic stay clearly applies to outright attempts to collect property of the estate, such as a lawsuit seeking damages from the debtor, the extent of its protections are less obvious in the context of actions between two non-debtors. For

Arbitration Award Against Wachovia Securities in Derivium Capital Ponzi Case

The latest buzz in the Ponzi world is over the $852,000 arbitration award that former Congressman Alan Grayson won against Wachovia Securities on April 3, 2012. Grayson lost money in the Derivium Capital Ponzi scheme and sought damages of $28 million

The Daily Docket: Law-Firm Loans Show Cracks

In the race to open offices throughout the globe and lure rainmakers to their ranks, some law firms willingly took on debt they expected to have no trouble paying—a once-safe bet that is now backfiring. Read the Daily Bankruptcy Review article via

Future of Consumer Lending Belongs to PhDs, Risk-Takers

Making more bad loans is the tuition price for learning how to build and train new underwriting algorithms.

Can A Chapter 7 Debtor Re-Affirm A Lease?

Recently there was a case where several debtors asked a Bankruptcy Court to approve a lease agreement as if they were re-affirmation agreements. From a procedural standpoint re-affirmation agreements require Bankruptcy Court intervention and lease

Occupy's May Day Is an Opportunity for Small Banks

There's a sizable, growing community of people who'd be receptive to the notion that you can get needed services without having to support the companies that have inflicted so much damage on the economy and the country.

Divorce during Bankruptcy

One of the leading causes of marital conflict involves money, or lack thereof. If you and your spouse filed a joint bankruptcy and you are now considering divorce, your respective financial positions may be at odds with each other. One person may

Still In Debt After Chapter 7 Bankruptcy?

Debtors who file for Chapter 7 bankruptcy aren’t necessarily off the hook. Some liens and debts can survive the Chapter 7 filing or problems can pop-up after filing that change the circumstances of bankruptcy, life happens. Debts like taxes, school

Whoa! Watch Out For Preferences

Elaine Dowling, Esq. (Oklahoma, OK) Hon. Margaret Mahoney, U.S. Bankruptcy Court (Mobile, AL) For the record, this was my favorite of the Friday sessions. What is a transfer? Very broad. Insolvency is based on the time of the transfer, not based on

The case for and against buying a diesel car

Diesels have changed since the days of smoky, noisy engines. Here's what to expect today.

5 roomy alternatives to replace your SUV

You need space for your family but want to save on gas. Try one of these fuel-efficient cars.

Spring guide to buying a fuel-efficient car

Gas prices are near $4 per gallon. Bankrate can help you select the right fuel-efficient car.

What if I'm stuck as co-signer by forgery?

Parents wondering how they got on a child's student loan might ask the kid, ask for a lawyer.

6 hybrid supercars that change the way we drive

These cars aren't ready for prime time, but they blend fuel economy with luxury like no other.

7 terrific cars for tooling around town

Fuel economy is a big plus for city drivers. These models fulfill that and other urban needs.

I'm young and have bad credit. What do I do?

If you've made financial missteps early, here's some advice to help you establish credit.

Want curb appeal? DIY vs. hiring a pro

Make your yard sizzle and bring home the buyers. Build lawn equity if you're not selling.

Bankruptcy Document Access Through Private Website

It can be frustrating for bankruptcy debtors who want to access and copy documents filed in their own case. Currently, the only document access is through the government PACER system. (Public Access to Court Electronic Records) You have to sign...

A Closer Look at the Bicent Power Bankruptcy

Introduction On April 23, 2012, Bicent Holdings LLC, and various related entities (collectively "Bicent" or the "Debtors") filed petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. According to a Declaration