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

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Men, Don’t Let Your Fiancee Lose the Engagement Ring in Your Bankruptcy Case

Even men with debt problems fall in love, and when they do, many of them will come up with a way to give their beloved a nice engagement ring. Often, heaven and earth will be moved in the search for the proper ring, and the result could be a very

Revival on the Head of a Pin: Do U Pari Passu?

Argentina and its most intransigent creditors are duking it out again (or still) in the Second Circuit, reviving the crazy battle over the meaning and import of the pari passu (equal treatment) clause in sovereign debt contracts. For the small but

7th Circuit: Bankruptcy Code Doesn't Override the "In Pari Delicto" Defense

Except where noted, links to cases are accessible to lexis.com subscribers. Non-case links are freely accessible. Peterson v. McGladrey & Pullen, LLP, 2012 U.S. App. LEXIS 6608 (7th Cir. April 3, 2012) ( free unenhanced version), is an important new

Can I Get Credit Card Debt Discharged that Belongs to My Deceased Spouse?

In most cases, if a credit card belongs to one person, the same individual would be responsible for debt incurred on the card. When your deceased spouse has credit card debt, there are different factors that help determine who is responsible for

The Broke and the Beautiful: Newt Gingrich Edition

This week on The Broke and the Beautiful, Newt Gingrich’s think tank elects for bankruptcy protection, and the Dodgers and AFA Foods have a surprising connection. Also this week, Young Buck’s intellectual property is rapping its way toward the

Pari Passu Party (on behalf of Anna Gelpern)

This is Adam Levitin posting for Anna Gelpern. Only the awful illiterative post title is mine. Here's Anna: Argentina and its most intransigent creditors are duking it out again (or still) in the Second Circuit, reviving the crazy battle over the

The Ins and Outs of Bankruptcy Dismissal

When you first make that appointment with your bankruptcy lawyer, you will have one primary goal: to get your biggest debts discharged by the bankruptcy courts. However, this does not always go according to plan. For example, you may discover that

The Daily Docket: Kodak Seeks to Transfer Billboard Lease

The lights will go out on the Kodak name in New York’s Times Square if the imaging company wins bankruptcy-court approval to transfer the lease to its giant digital billboard there. Read the Daily Bankruptcy Review article via The Wall Street Journal

Young Buck Songs, Royalties on the Block

Whether you’re a music industry insider or a fan, listen up: rapper Young Buck’s intellectual property, including song compositions and royalties, can be yours. The IP is going up for sale as part of Young Buck’s Chapter 7 bankruptcy liquidation

Update from the Consumer Blawgosphere

There's really no telling why the quality of consumer law information on the web has risen over the past year but it certainly has. Many search marketers will attribute the increase in quality to the filters put in place by Google's Panda update, and

Qualified Retirement Plans and Bankruptcy

Qualified Retirement Plans and Bankruptcy When people are considering filing bankruptcy, it is very common for them to be concerned about the retention of their assets. Debtors frequently inquire whether they will be allowed to retain their

What is a Means Test?

What is a Means Test? A means test is an essential portion of the bankruptcy petition that must be filed with the rest of the schedules that comprise a bankruptcy petition. In a Chapter 7, the official name for the means test is Form 22A: Statement

Repo Alert: Are You at Risk?

Last year, a potential client called me to say that her car had been repossessed and that she needed help. I explained that one option would be to file a Chapter 13, then a Complaint for Turnover as a means to get the vehicle back. We would argue to

Pinnacle Airlines Files for Bankruptcy in the Southern District of New York

Introduction On April 1, 2012, Pinnacle Airlines Corp. ("Pinnacle") and four of its subsidiaries, filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the Southern District of New York. Based in Memphis, Tennessee

Losing money via an improvident investment with Bernard Madoff doesn't change terms of divorce, according to New York State's highest court

Nice try though... MARIO TAMA/GETTY IMAGES Madoff scam doesn't change terms of divorce, NY State Appeals Court judge rules Lawyer Steven Simkin and ex-wife's Madoff account once 'worth' $5.4M Wednesday, April 4, 2012, 1:13 AMBY GLENN BLAIN / NEW YORK

Savings account or CDs for my 90 grand?

Sort out the advantages and disadvantages of stashing your cash in CDs vs. a savings account.

The pros and cons of homeowners associations

Is your dog too heavy? You won't like a homeowners association, but your neighbor will.

When it's OK to tap your IRA

If you need to take money from your IRA, here's when Uncle Sam says it won't cost you extra.

'Mad Men' price index: Costs then and now

Could Peggy afford her Manhattan apartment today? Check out the cost of "Mad Men" living.

Should you refi your car loan to a lower rate?

A car loan refi would seem obvious at today's rates, but it might not be worth the bother.