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

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5 tasty ways to save when buying organic food

Organic food can cost a lot of bread. Here's how to eat better and save money while doing it.

Keep old car for you, buy your son a new car?

Drive the old jalopy and give your kid a newer car? Think again. It's a bad idea.

3 ways to buy long-term care insurance

Is a long-term care policy the best way to get LTC coverage? Here's a rundown of the choices.

Reporting your investment earnings

Lower earning rates ease the pain of sharing your investment income with the IRS.

Factors that influence your refinance rate

Can't refinance your mortgage at the advertised rate? See which factors govern a refi deal.

Usury Takes a Bite Out of the Poor

Those of us struggling with the issues raised by payday and title loans are consistently told to take morality out of the equation when considering these loans. Thus, it was refreshing to hear a recent presentation by Professor Alex Mikulich of the

The "In Pari Delicto" Battle in Ponzi Cases Rages On

Posted by Kathy Bazoian Phelps Although the Seventh Circuit recently vacated the dismissal of the trustee’s claim for negligence against an accounting firm, that court did not do the trustee any favors. In fact, the language in Peterson v. McGladrey

Where People File Chapter 13

Between states, there is a big disparity in the rate at which people file bankruptcy. Over the past four years, Nevada has had the highest bankruptcy filing with an a yearly average of 9.32 persons per 1,000 population file bankruptcy. At the other

Be Careful About Listening To Your Friends’ Explanations of Bankruptcy

I know that this has been said on this blog numerous times about listening to what others, particularly non-attorneys, say about bankruptcy. Just because your friend got to keep his car free and clear of the creditor’s lien does not mean that youwill

Judicial Foreclosures

A judicial foreclosure is a little different from a non-judicial foreclosure and its one you’re less likely to run across. A judicial foreclosure is not used very frequently but there are situations where a court has to step in and the foreclosure

Florida Panthers Settle Rothstein Clawback

Getty Images The Panthers’ Erik Gudbranson, #44, drops down to help goaltender Jose Theodore, #60, defend the net. Showing that they have some claws, too, the Florida Panthers recently won court approval to pay less than half of a $31,250 clawback

Arcapita Chapter 11 Proceedings update: Official Committee of Unsecured Creditors has been appointed

See below. UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK ---------------------------------------------------------x In re Chapter 11 Arcapita Bank B.S.C.(c), et al., Case No. 12-11076 (SHL) Debtors. (Jointly Administered) -------------

Google's High-Tech Specs Augur a New Vision for Banking

Look ma, no hands (or mag stripe): Sporting eyewear with a built-in camera, a cashier or flea market vendor could accept a payment card simply by looking at it.

Cramming Funny Fees Onto our Phone Bills: Not so Funny

Two weeks in a row, the Haggler column in the New York Times focused on cramming, one of the most damning and profitable scams in the consumer world. Cramming is tacking unrequested services onto land line bills and now cell phone bills, such as

Goldman Has Some Gall Seeking Profit in Housing

Goldman Sachs is raising money for a new fund that will buy home-loan bonds and, it hopes, benefit from an improving real-estate market. This is insane.

Village Voice: Obama to Grad Students: Pay Up

By Patrick Arden Speaking to a college crowd at the University of Michigan in January, President Barack Obama noted that for the first time Americans owe more on their student loans than on their credit cards. "That's inexcusable," Obama said.

Village Voice: Dawn of the Debt

By Neil deMause In tales of the economic miasma of the early 21st century (none but the great and powerful Krugman dare speak the D-word), the Debt-Ridden Student has become a stock character. She or he has graduated from college or is about to

Thank You to Bill Maurer and Stephen Rea

Last week, Credit Slips was fortunate to have the thoughtful insights of Bill Maurer and Stevie Rea on payments systems. Their posts reflect years of research in the United States and overseas on the social meaning of money, the potential and perils

Media Blamed For ‘Pink Slime’ Maker’s Chapter 11 Bankruptcy

By now, most of us have encountered a news story or blog post about the infamous “pink slime” beef by-product. “Pink slime,” a concoction of unused pieces of cow used as filler in meat, first gained notoriety when an article cited use of the

Piercing the Corporate Veil to the Privy: Who’s a “Privy” to a Transaction at Undervalue?

NORTH OF THE BORDER UPDATE This article has been contributed to the blog by Steven Golick and Martino Calvaruso. Steven Golick is a partner in the insolvency and restructuring group of Osler, Hoskin & Harcourt LLP, and Martino Calvaruso is an