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

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Lehman Wins Our March Madness Tournament

So perhaps size does matter. The largest, most complex chapter 11 cases in history have won the 2012 title of top bankruptcy cases of all time. Lehman faced tougher competition in the 2012 March Madness Bracket than it did at its confirmation hearing

Minnesota Lawmakers Seek to Protect Nonprofits From Clawbacks

Minnesota lawmakers have passed legislation to protect nonprofits and religious groups from the so-called clawback lawsuits that are a crucial tool for recovering funds stolen from Ponzi-scheme victims. That’s the idea behind the bill that now sits

One Answer to Why People Hate Banks

My last post mentioned a column by Joe Nocera on debt collection practices. Nocera's column is entitled "Why People Hate the Banks," and it appears on the penultimate page of the national print edition of today's New York Times. In a moment of sweet

American Banker on Credit Card Debt Collections

Jeff Horwitz at the American Banker has been doing some great reporting on abusive debt collection practices in the credit card industry. Joe Nocera's column took up the subject today. Robo-signing and other abuses have been a problem for a while

TaxMasters Files Chapter 11 Bankruptcy

TaxMasters, the Houston-based company that claimed to offer tax relief, is seeking its own relief through bankruptcy. The company filed for Chapter 11 bankruptcy over the weekend while facing claims of allegedly deceiving consumers when it comes to

Solar Trust of America LLC files for bankruptcy protection in Delaware after its majority owner, Solar Millennium AG, entered insolvency proceedings in Germany

Per the American Bankruptcy Institute's Daily Bankruptcy Headlines and Reuters:Oakland, California based Solar Trust of America LLC, holder of the development rights for the largest solar power project in the World, sought bankruptcy protection in

Workout Tips For Lenders: A Quick “Wish List” (check this list)

It’s always good to have the “big picture” in one hand as you deal with the troubled loan with your other hand. Previously, we’ve touched on preliminary tips and steps, and even some tips on the “art” of dealing with a mucked up deal and with “less

The Daily Docket: Reddy Ice Considers Bankruptcy

Reddy Ice Holdings Inc. is considering seeking bankruptcy protection in a prearranged deal with lenders and other stakeholders as it continues to incur losses, the company said in a regulatory filing. Read the Daily Bankruptcy Review article here

Are Student Loans the Next Subprime Debacle?

The average student debt upon graduation won't quite reach the level of the average subprime mortgage, but the "investment" in education will likely be farther underwater than the average subprime house.

Stipulation Agreements

In a Chapter 13 Bankruptcy you can pay mortgage arrears, or back due payments, through your plan. To complete your plan, you will need to stay current on your ongoing mortgage payment, which can be paid through the plan or outside the plan. On

Crisis Just Goes with the Territory

In 54 of the years of the 20th century, a banking crisis started somewhere and these crises involved scores of countries. Banking is fundamentally risky.

Thin Margins and "Pink Slime" Are Among Some of the Factors Leading to AFA Foods' Filing for Bankruptcy in Delaware

Introduction On April 2, 2012, AFA Foods, Inc., and certain of its affiliates (collectively, "AFA"), filed petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. AFA is a Delaware company with operations based

Trim fuel costs with gas rewards cards

Some cards offer rebates of 5 percent or more, but that might not be the best deal for you.

What are the Roth IRA rules?

Retirement plans get extra attention during tax season. Here's a look at Roth IRA accounts.

What should you do with old job's 401(k)?

You can keep or roll over your old retirement account. Consider these variables in deciding.

5 ways to squeeze more value from credit cards

Credit cards can end up owning you with all their fees. Make them work for you instead.

Is mortgage payment for rental tax deductible?

You can't deduct mortgage payments, but you can take other tax breaks on rental property.

7 easy ways to cash in on spring cleaning

Clearing out a dusty closet or dank basement can yield moneymaking treasures for resale.

Do you qualify for homebuyer assistance?

State and local homebuyer programs help with down payments and closing costs.

Can I stop a wage garnishment on my own?

You don't need a lawyer, but you do need to take these steps to protect pay through bankruptcy.