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

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Those Who Call for an End to TBTF Are in Good Company

The very fact that terms like "too-big-to-fail" and "systemically important financial institutions" are in the financial lexicon is proof enough that our financial system is badly out of balance.

Focus Your Mobile Strategy on the Underbanked

Turns out, the first movers in mobile are actually the underbanked. They have the most to gain from mobile financial services.

SGL Carbon Corporation: Good Faith or Goodbye

Filing for chapter 11 gives debtors an opportunity for a “fresh start” with the help of the Bankruptcy Code’s unique powers, such as the automatic stay. Although chapter 11 may present an appealing alternative to paying one’s debts or incurring

Federal Judge, ‘Like So Many Others,’ Files for Bankruptcy

By Joe Palazzolo EPA Chief Justice John Roberts Jr., on more than one occasion, has urged Congress to pay federal judges more, pointing out that the robed ones have seen their salaries plummet over the years relative to those of other U.S. workers

Death Penalty Sanctions Applied in Case of Double-Dealing Attorneys

In a disturbing 52-page opinion, Judge Stacey Jernigan has administered "death penalty" sanctions against The Cadle Company based on double-dealing and non-disclosures by Cadle's long-time attorneys who also represented the trustee. The Cadle Company

Family Members Reaching Out for Help

Whether they have insurance or not many people find their loved ones owing tens of thousands in medical debt. Not only do loved ones try to find ways to pay off their loved ones medical bills, but neighbors and friends also often pitch in as well

The Daily Docket: AMR Adviser Says Stakeholders May Want Merger

Echoing Tuesday’s opinion by the parent of America Airlines’ chief restructuring officer, a restructuring adviser to AMR Corp. said drastic cuts in labor costs are needed. Managing Director David L. Resnick also said the company’s stakeholders will

Eliminate All Incentive Compensation

It is time for us to completely reconsider compensation for banking executives. Let's "blow up" the incentive model and replace it with a system rooted entirely in base pay.

What Happens if No Proof of Claim is Filed by My Creditors?

What happens if no proof of claim is filed by my creditor(s)? The answer to this greatly depends on two things Are you in a Chapter 7 or a Chapter 13?; and Is the creditor an unsecured creditor, a priority creditor or a secured creditor? In a Chapter

Myths and Truths About Chapter 7 Bankruptcy: Part I

Myths and Truths About Chapter 7 Bankruptcy: Part I Many people who are considering filing bankruptcy have misconceptions about Chapter 7 bankruptcy. Below please find a common myth about Chapter 7 and the truth associated with that myth. 1. Myth

Do I Have to File Taxes to File Bankruptcy?

Do I have to file taxes in order to file for bankruptcy? That answer depends on a few things. First, are you required to file taxes? If you income is at an amount where you are not required to file taxes, then not filing taxes is not an issue. If

What if I Do Not Have Paystubs and/or Tax Returns?

What if I do not have paystubs and/or copies of my taxes? The trustee of your bankruptcy needs several things: Past 60 days of paystubs Most recently filed state and federal taxes Bank statement from the date of filing What happens if you do not have

Myths and Truths About Chapter 13 Bankruptcy: Part I

Myths and Truths About Chapter 13 Bankruptcy: Part I Many people who are considering filing bankruptcy have misconceptions about bankruptcy. They may have heard things from friends and family members that may make them apprehensive about filing a

Why Do I Need an Attorney?

You decide filing bankruptcy is the right decision. You seek out an attorney and decide that the attorneys at Licker Law Firm can best serve your needs…. You come in and we go over your options and give you some “homework” on information to provide

Why Is Every Dissenting Credit Union a Story?

CUNA has tracked at least 60,000 contacts to Congress since late March from credit unions, small businesses and others in support of the Credit Union Small Business Jobs Act.

Radlax versus Philadelphia Newspapers: Which Way Will the Supreme Court Go?

Can a Debtor Deny a Secured Creditor the Right to Credit Bid? How Will the Supreme Court Rule The Supreme Court, on Monday, heard oral arguments in the Radlax Gateway Hotel Inc. v. Amalgamated Bank case. The question at issue is whether the

5 thrifty Mother's Day surprises

Showing Mom you care doesn't have to break the bank. Surprise her with these ideas.

Can money mismanagement kill your marriage?

Money can be a wedge for couples. Can money management keep you and your spouse from arguing?

6 things to do before buying a home

You've picked out a new home. Now what?

Will prepaid tuition money move with us?

If a family changes states, the old one may still be used for the kids' prepaid tuition accounts.