Skip to main content
Help Center
banner

ABI Blog Exchange

article-exchange

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

Read Article

U.S. Capital/Fashion Mall, LLC File Petitions for Bankruptcy in the Southern District of Florida

Introduction On February 24, 2012, U.S. Capital/Fashion Mall, LLC, and its parent company, U.S. Capital Holdings, LLC (collectively, "U.S. Capital"), filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the Southern

How do I tell if a lump sum is a good deal?

Weigh taxes and other factors to decide if a pile of cash now beats smaller payments over time.

Is an early payback good for credit score?

Before you dispose of a debt, consider your credit record along with other factors.

Beat student debt blues: Get a job pre-diploma

Reduce the risk of student loan default by landing a job before you even finish college.

5 tips for a low-cost, low-stress yard

Is your yard the enemy, wasting time and money? Cut it down to size and make it your frenemy.

Home energy improvements pay off at tax time

Making your home more energy-efficient could cut your utility bill and save tax dollars.

Are you having a party? Rent a celebrity!

Celebrities have always been a popular group. Join the crowd and have them at your own party!

Pain in Spain falls plainly on mortgage rates

Mortgage rates fall as European debt doubts move to Spain, and U.S. job growth slows.

Gurnee Bankruptcy Attorney On Converting From Chapter 7 To Chapter 13

Link As a Gurnee bankruptcy attorney, I am often asked; can a Chapter 7 Bankruptcy case be converted to Chapter 13? A Chapter 7 Bankruptcy case can be converted to Chapter 13 upon motion by the debtor before the court and provided the case has not

How Debtors Should Handle Judgments In Bankruptcy

While filing bankruptcy stops a judgment from being enforced, judgments can transform unsecured debts into secured debts in bankruptcy giving them priority. Below are a few tips on how debtors should handle judgments when filing bankruptcy: Tackling

Is Your Business An Asset In Your Personal Bankruptcy Case?

Oftentimes, I get calls from individuals asking why their S Corp, LLC, partnership, C Corp, or other business entity must be accounted for as an asset in their personal bankruptcy filing. Well, it’s actually quite simple. The business owner has an

Banks Will End Up Obsolete as Silent-Film Stars, Unless....

The industry is like a 1920s Hollywood actor who does not understand the new technology, has not seen it coming and doesn't understand why the change is happening.

Jefferson County Hospital Turns to Bankruptcy Judge for Help

The battle over Jefferson County’s hospital for the poor has spilled over into its Chapter 9 bankruptcy case, illuminating another financial hardship facing Alabama’s biggest county. Against threats that the 319-bed facility may one day close, a

Regulators Should Practice Civil Disobedience of Dodd-Frank

The agencies can use their discretion to act without discretion: treat all banks alike, big or small, and declare that no nonbanks are "systemically important," i.e. too big to fail.

Is Bankruptcy An Option When Facing a Lawsuit?

When you get served with a summons and complaint, that can cause anyone anxiety. However what can you do about it? Well, you can defend the lawsuit or try and settle the matter. If that happens, great! – but if you lose, you have a judgment against

Student Loan Relief:Is Change on the Horizon?

Student-loan relief has recently become a hot topic. Several studies suggest that student-loan debt now exceeds $1 trillion – or what the National Association of Consumer Bankruptcy Attorneys calls, the next “debt bomb.” The federal student loan

Student Loan Relief:Is Change on the Horizon?

Student-loan relief has recently become a hot topic. Several studies suggest that student-loan debt now exceeds $1 trillion – or what the National Association of Consumer Bankruptcy Attorneys calls, the next “debt bomb.” The federal student loan

Student Loan Relief:Is Change on the Horizon?

Student-loan relief has recently become a hot topic. Several studies suggest that student-loan debt now exceeds $1 trillion – or what the National Association of Consumer Bankruptcy Attorneys calls, the next “debt bomb.” The federal student loan

Student Loan Relief:Is Change on the Horizon?

Student-loan relief has recently become a hot topic. Several studies suggest that student-loan debt now exceeds $1 trillion – or what the National Association of Consumer Bankruptcy Attorneys calls, the next “debt bomb.” The federal student loan

Making Tough Choices: Fifth Circuit Allows Debtor to Bring Avoidance Action After Creditors Have Already Been Paid and Issues Decision on “Applicable Law”

In MC Asset Recovery LLC v. Commerzbank A.G. (In re Mirant Corporation), No. 11-10070, 2012 WL 919620 (5th Cir. Mar. 20, 2012), the Fifth Circuit faced a number of interesting issues, including questions of standing, applicable law, and conflicts of