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

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Grazie, Europe! Mortgages claim record low

The Fed and the debt-squabbling Europeans are behind mortgage rates' long stay in the cellar.

Will debt consolidation wreck my credit?

Putting your debt eggs in one basket may not help unless you hatch a broader financial plan.

The I bond: A hedge against a rise in inflation

The I bond's fixed rate is stuck at zero percent. Find out why people still buy these bonds.

Homebuyers, know this when shopping online

Shopping online for a home opens up creative possibilities you might have missed.

What Facebook Really Wants from Payments

The social network just wants to know everything about the consumer. Payments happen to be the best way for people to show they really "like" a product.

Allmand Law: Helping You to Understand Texas Bankruptcy Exemptions

If you find yourself considering either a Chapter 7 or Chapter 13 bankruptcy, you may be wondering what assets the creditors may seize or what possessions can be saved. Allmand wants you to be aware of certain exemptions both federal and within the

Maclaren Bankruptcy Trustee Demands Answers

Getty Images When Maclaren USA entered bankruptcy in December, its Chapter 7 filing made for a lot more questions about what the company was doing in bankruptcy than it provided answers—questions that have remained largely unanswered since. Why did

The Student Loan Tax

As student loan debt passed the $1 trillion mark, President Obama, speaking at Chapel Hill yesterday, called the upcoming interest rate hike on student loans a tax. He didn’t tell the half of it. Congress’ dirty secret is that the government makes a

Nominal Tech $$s in Your Company Budget? 4 Easy Steps on “How” to Better Use Tech Tools in Your Work

If, like most financial services companies, your department or work team only receives nominal support from your technology group, then my piece in the April issue of Law Practice Today should interest you: it lays out a fourfold strategy for better

Onion Company’s President Cries Out Against Lender

Associated Press Select Onion Co.’s recent bankruptcy left three million pounds of onions in Oregon to sweat over their fate. Nearly out of money to pay his employees, President Farell Larson on Friday threatened to cut the power to a massive freezer

Annual Meetings Face Protests from the "99 Percent"

The Occupy Wall Street Movement has turned its focus on annual meetings, which one media outlet is calling "a rare public forum in U.S. business." News reports indicate that a coalition of unions and other organizations calling itself the "99% Power"

Annual Meetings Face Protests from the "99 Percent"

The Occupy Wall Street Movement has turned its focus on annual meetings, which one media outlet is calling "a rare public forum in U.S. business." News reports indicate that a coalition of unions and other organizations calling itself the "99% Power"

Citigroup Say-on-Pay Rejection Is a One-Off Event, Sadly

Most shareholders are not activists. Relatively few voice displeasure over executive pay, or other issues such as reappointment of ineffective audit firms. About the only thing they do wake up for is to complain about poor dividends.

Second Circuit Circumscribes 524(g) Protection for Non-Debtors

In “Manville III,” the Second Circuit became the first circuit to determine the scope of asbestos protection available to non-debtors facing claims relating to the debtor’s own asbestos liability. Although the Third Circuit in Combustion Engineering

Missouri Banks – Profit From Foreclosure?

Good lawyers will not recommend filing bankruptcy if the benefit is not clear. If you are giving up your house with only one mortgage and no other significant debt, many of us will typically advise against it. But in Missouri that could change if the

Learn about Teaching Consumer Law at Houston Law Center May 18-19, 2012

On May 18-19, the Center for Consumer Law at the University of Houston Law Center will hold its sixth bi-annual Teaching Consumer Law Conference. This year’s theme is “Teaching Consumer Law in an Evolving Economy.” I have always enjoyed this

Cancellation of Debt (COD) Income

Here at Shenwick & Associates, many clients come to us looking to wipe out their debts, usually through bankruptcy or a workout (but we also represent creditors). While the cancellation of debts is desirable, the problem is that the IRS considers the

NYT: Debt Collector is Faulted for Tough Tactics in Hospitals

By JESSICA SILVER-GREENBERG Hospital patients waiting in an emergency room or convalescing after surgery are being confronted by an unexpected visitor: a debt collector at bedside. This and other aggressive tactics by one of the nation’s largest

What Is a Deficiency Judgment?

In today's troubled housing market "deficiency judgment" has become a buzzword for many consumers. Homeowners who find themselves behind on the mortgage and upside down on property values begin to worry that the bank will come after their personal

Annual Meetings Face Protests from the "99 Percent"

The Occupy Wall Street Movement has turned its focus on annual meetings, which one media outlet is calling "a rare public forum in U.S. business." News reports indicate that a coalition of unions and other organizations calling itself the "99% Power"