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

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Can I Eliminate Tax Debt in Bankruptcy?

It is possible to have certain tax debt eliminated in bankruptcy but under special circumstances. While you can include them in your bankruptcy filing along with other outstanding debt, in some cases, you’ll still be responsible for them at the end

Forgive Principal Only If the Borrower Pays the Mortgage

Strategic defaulters have lost the incentive to pay. Something should be done to replace that incentive, not simply reduce debt.

50 Cent Stakes Claim in Young Buck Recordings

Getty Images for Coachella 50 Cent performs onstage during the third day of the 2012 Coachella Valley Music & Arts Festival. Rapper 50 Cent is laying claim to former protégé Young Buck’s compositions and recordings, threatening plans to sell those

Meet the Voice of Angry Homeowners

Every notable historical battle that's pitted the outraged against the outrageous actions of the oppressors has had its champions. The French Revolution had Marianne, the foreclosure crisis has Senka Huskic.

Speaking of Student Loans . . .

President Obama is at UNC-Chapel Hill today to talk about student loan interest rates. His speech should be streamed here at around 1:15 pm EST according to recent estimates.

Supreme Court Indubitably Grapples With Credit Bidding

The Supreme Court heard arguments yesterday in RadLAX Gateway Hotel over whether the Bankruptcy Code permits a debtor in a chapter 11 case to sell encumbered assets without providing its secured lenders an opportunity to credit bid their debt. As

Can I stop a post-bankruptcy home sale?

If your home is auctioned after you file for bankruptcy, you may be able to reverse the sale.

United States Supreme Court Hears Oral Argument on RadLAX Case

Yesterday the United States Supreme Court heard oral argument on an issue that has caused a split among the circuit courts and has captured the attention of debtors and secured creditors alike – credit bidding. In the River Road Hotel Partners, LLC v

Ninth Circuit Rejects Argument That a “Whole Enterprise Exception” Should Apply in Single Asset Real Estate Cases

Where a debtor which would otherwise be governed by the single asset real estate provisions of the Bankruptcy Code is one of many subsidiaries in a consolidated, interrelated enterprise, may it escape on that basis the SARE rules of the Code? The

How Bankruptcy Can Help Small Business Owners

Bankruptcy may be an option for small business owners seeking debt relief. There are several factors to take into consideration to determine if bankruptcy can help including the legal form of your business, whether or not you are liable for

Why DeMarco Is Right to Resist Mortgage Principal Writedowns

Is it fair to give a 30% haircut to borrowers who put zero down, and not to their neighbors who put 30% down? Or to distribute taxpayer funds to five states with half the country's negative equity?

The Daily Docket: Supreme Court Skeptical of Efforts to Block Credit Bidding

The U.S. Supreme Court began the process of weighing in on one of the hottest issues in corporate bankruptcy Monday, casting harsh eyes on a hotel owner’s attempt to block its secured lender from using debt as currency in a bankruptcy auction. Read

Exempt Disability Income Loses Benefits In Bankruptcy

Disability insurance proceeds, from either private insurance or social security, cannot be garnished by a judgment creditor in Florida, and courts will protect the same proceeds after they are deposited in a debtor’s bank account. That’s the law in

Bicent Holdings LLC Filed for Chapter 11 Protection

On April 23, 2012, Bicent Holdings LLC and 12 affiliated debtors (collectively, the "Debtors") filed for Chapter 11 bankruptcy protection. According to the declaration of Bicent Holdings LLC's Chief Financial Officer Christopher L. Ryan offered in

Why Financial Companies Fail to Win Over More Women

Women expect you to walk the talk. If you say, "we care about and believe in women," yet all of your management is men, then, Houston, you have a problem.

RadLAX Oral Argument - Part II: What's Indubitably Bothering the Supreme Court Justices Equivalently

As I noted three years ago in my " What's Bothering Ruthie?" post on Justice Ginsburg's one-liner that stopped the Chrysler sale dead in its tracks, today's Supreme Court oral argument in RadLAX Gateway Hotel, LLC v. Amalgamated Bank ( transcript)

A Chicago Bankruptcy Case Lands at the US Supreme Court: The RadLAX Oral Argument - Part I

Chicago bankruptcy professionals descended on the US Supreme Court to catch the final chapter in the RadLAX bankruptcy saga, one that had a remarkably swift journey to the highest court of the land. The case started as the neglected stepchild of


RadLAX Oral Argument - Part II: What's Indubitably Bothering the Supreme Court Justices Equivalently

As I noted three years ago in my " What's Bothering Ruthie?" post on Justice Ginsburg's one-liner that stopped the Chrysler sale dead in its tracks, today's Supreme Court oral argument in RadLAX Gateway Hotel, LLC v. Amalgamated Bank ( transcript)


RadLAX Oral Argument - Part II: What's Indubitably Bothering the Supreme Court Justices Equivalently

[4/24 Update: Part I here] As I noted three years ago in my " What's Bothering Ruthie?" post on Justice Ginsburg's one-liner that stopped the Chrysler sale dead in its tracks, today's Supreme Court oral argument in RadLAX Gateway Hotel, LLC v


RadLAX Oral Argument - Part II: What's Indubitably Bothering the Supreme Court Justices Equivalently

[4/24 Update: Part I here] As I noted three years ago in my " What's Bothering Ruthie?" post on Justice Ginsburg's one-liner that stopped the Chrysler sale dead in its tracks, today's Supreme Court oral argument in RadLAX Gateway Hotel, LLC v