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

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Round Lake Bankruptcy Attorney Answers Question About Keeping Property

Link I am often asked as a Round Lake bankruptcy attorney, will I lose any of my property if I file Chapter 13? You will typically not lose any property when you file a Chapter 13, because Chapter 13 debtors are allowed to keep all of their property

Gurnee Bankruptcy Attorney On Chapter 13 Fees

Link What fees are typically charged by a Gurnee bankruptcy attorney in a Chapter 13? Chapter 13 involves a filing fee, which is paid to the clerk of the U.S. Bankruptcy Court. At the time of this writing, the filing fee to file a Chapter 13

Reminder to Secured Creditors: A Properly Conducted Foreclosure Sale Does Not Immunize You from a Preference Claim in a Borrower’s Subsequent Bankruptcy

A counterparty’s bankruptcy can cause considerable expense, inconvenience, and business disruptions to a creditor depending on the circumstances of a given case. Adding insult to injury, the Bankruptcy Code allows a debtor in certain circumstances to

The Absolute Priority Rule is Not So Absolute for Individual Chapter 11 Debtors

In Friedman v. P+P, LLC, the United States Bankruptcy Appellate Panel of the Ninth Circuit addressed whether or not the absolute priority rule applies in individual debtor chapter 11 cases. This issue, which has been hotly contested in bankruptcy

The JOBS Act and the Law of Unintended Consequences: Why Accredited Investors Will Benefit

The JOBS Act and the Law of Unintended Consequences Part 1 of a DailyDAC Series on the Nuts and Bolts of the JOBS Act and what it means for Accredited Investors An interesting thing about the Jumpstart Our Business Startups (“JOBS”) Act, enacted into

FTC Mobile Payments Conference on April 26

Here's a plug for a conference on mobile payments that the FTC is hosting next week. It will be webcast live. The agenda is here. I'm one of the speakers. Despite my participation, it should be a really interesting conference. Mobile brings together

Unemployment on American Youth

A new AP poll has been conducted on the American youth who suffer from being unemployed and finding it very hard to get a new job. It is found out that in 18 to 24 year old high school graduates, around 40 percent of them have a stable job right now

The Daily Docket: Hostess Keeps Grip on Restructuring…For Now

A judge Tuesday indicated he would extend Hostess Brand Inc.’s control over its bankruptcy restructuring, rather than opening the case up to rival plans from creditors eager to reach out to investors who’d fund their own exit plan for the bakery

IRS Plan to Share Nonresident Account Data Is Dangerous

It is precisely because of the confidentiality and security our country offers that so many nonresident aliens deposit their monies in U.S. financial institutions.

Consumer Law Update: The Best from the Blawgosphere

April has been a busy month on the consumer blawgosphere. Below is my weekly report for the Lexis community highlighting some of the best posts on the web in the consumer category. Even in today's troubled housing market, purchasing a home is the

Filing Bankruptcy and Tax Refunds

Tax Refund for Bankruptcy Tax refunds are soon due and so are people filing bankruptcy. Expect to see a significant jump in bankruptcy filings as taxpayers get refunds from overpayment of their income taxes. According to a study by the National

The lost decade -- bust to investors or not?

Did the stock market experience a "lost decade" from 2000 to '09? Yes and no; it depends on how you invested.

Jo Dee Messina splurges on those around her

Country singer Jo Dee Messina gives back to friends who've helped make her a success.

Pros and cons of brokerage checking accounts

Some brokerages offer checking to their investing clients. Are they better than a bank's?

Disaster relief from the IRS

Victims of a presidentially declared disaster can use their tax filing to obtain much-needed cash.

Cash out savings for kid's down payment?

Find the right source of your loan or gift if you want to help your child become a homebuyer.

5 costs on the rise and how to beat them

Oil prices will drive up the costs of several items. Learn to save money as prices increase.

Beneficiaries of Revocable Living Trusts Facing Bankruptcy

So you are a beneficiary of a recovable living trust. You need to file bankruptcy. Can you? Well, it depends. As long as you are not the settlor and the settlor lives through your bankruptcy, your beneficiary interest is contingent, meaning it doesn

April Corporate Governance and Regulatory Update – Part Two

We are bringing a new feature to the blog – a monthly update on goings on in the world of corporate governance and the regulatory environment. Our Kelley Drye Colleagues Patricia Lee and Julia Sitarz compiled the following information. Part One of

April Corporate Governance and Regulatory Update – Part One

We are bringing a new feature to the blog – a monthly update on goings on in the world of corporate governance and the regulatory environment. Our Kelley Drye Colleagues Patricia Lee and Julia Sitarz compiled the following information. 1. General