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

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Hearing in Arcapita Bank chapter 11 proceedings to go forward on April 17, 2012, 11 am, with several key matters adjourned

On Friday, April 13, 2012, debtors' counsel filed the notice of agenda reproduced below, indicating that several motions have been adjourned to May 7, 2012, 11 am. The adjournment provides additional time for those whose rights may be affected by the

Legislative Protection for Charities Caught by Ponzi Clawbacks

Posted by Kathy Bazoian Phelps On April 3, 2012, Minnesota Governor Mark Dayton signed a new law, Chapter 151, House File 1384, designed to protect nonprofits from having to pay back donations made by Ponzi perpetrators and other fraudulent sources

Divorce: What Happens When I’m Not Happy with the Judge’s Decision?

Divorce can be a challenging time for everyone but the judge often works to make the best decision for all parties involved. While it’s true one may not be happy with what is decided by the judge, the judge may see things in a point of view that

The Broke and the Beautiful: Warren Sapp Edition

Associated Press Warren Sapp This week on The Broke and the Beautiful, former football star Warren Sapp’s debts catch up with him, broke sports agent Leigh Steinberg aims for a comeback and the executive producer of “The Blair Witch Project” files

Say No to More Lending Power for Credit Unions

Most credit unions outside of the top ten largest institutions do not have the internal systems and personnel to even begin to effectively underwrite and manage commercial loans, large or small.

861 Days to Foreclosure

By: Ceara L. Riggs, Bankruptcy Attorney in St. Petersburg, Florida at The Reissman Law Group, P.A. The question I am probably asked the most is, “How long will I get to stay in my house?” It depends. Looking for a more definite answer? Chances are

Before bankruptcy: Replacing your lost social security card

At your bankruptcy hearing, you are supposed to show your bankruptcy trustee a picture ID and evidence of your social security number. The best way to prove your social security number is with your social security card. However, a W-2 will also work

What Would Happen if a Big Bank Failed?

Associated Press Sen. Chris Dodd, left, and Rep. Barney Frank shake hands at the signing ceremony for the Dodd-Frank Wall Street Reform and Consumer Protection financial overhaul bill in Washington on July 21, 2010. Ever wonder what the failure of a

More Foreclosure Help from the Government

When the foreclosure crisis first came to light the government attempted to provide relief to struggling homeowners. The programs designed to bail people out, HAMP, HARP and Hope for Homeowners have helped some people but in large they have failed

2011: A Reminder to Secured Creditors to Take Nothing for Granted

Ronit J. Berkovich, Sara Coelho, and Dana Kaufman have published an article in LSTA’s 2012 Loan Market Chronicle, entitled 2011: A Reminder to Secured Creditors to Take Nothing for Granted. The authors discuss a number of key court decisions issued

The Daily Docket: Trustee May Sue MF Global Officials

The trustee unwinding the brokerage operations of MF Global Holdings Ltd. said Thursday that he may sue former officers and directors of the company, a group that includes former Chief Executive Jon S. Corzine. Read Daily Bankruptcy Review story here

The Business Lease: Who’s On First?

A business lease often looms as one of the biggest claims in a bankruptcy case and a big issue for a small business. For bankruptcy lawyers, the lease raises, as most of these things do, both traps and opportunities Beyond the common subject matter

Bankruptcy Trustees

When considering filing for bankruptcy, or if you are already in a bankruptcy, you have probably heard a lot about the Bankruptcy Trustee without knowing who that person is or what it means for your case. A Bankruptcy Trustee is an attorney that

Best way to pay for home improvements?

Here's how to review your borrowing options when your home needs a serious facelift.

Can a dealer kill a car loan and take back car?

A car loan can be denied post-deal. If it's too long after, you should check with authorities.

Quiz: Are you compatible with your bank?

You & your bank, sittin' in a tree. Take this quiz to see if it's a match made in money heaven.

Chart: Top 10 states for foreclosure

These 10 states had the top spots with the highest foreclosure rates in March.

Act now! 5 successful infomercial products

The Snuggie sounds silly, but it's a real success. See these infomercial hits and a few flops.

How much money should your car repair cost?

Want to be sure you're not snookered on a car repair? Here's how and where to get an estimate.

10 ways to turn off a homebuyer

Homeowners hoping to sell their homes in a tough market should avoid these 10 buyer turnoffs.