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

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Latest Stress Tests Herald New Way of Life for U.S. Banks

The industry, its management teams and directors have been served notice that much more will be required of them.

Even Bankers Deserve Fair Trials

A lack of jail sentences for financial executives doesn't have to mean justice wasn't done.

Trustee Questions in the Meeting of Creditors

By: Marshall G. Reissman Bankruptcy Attorney in St. Petersburg, Florida at The Reissman Law Group, P.A. Many clients want to know what happens at the Meeting of Creditors. Clients find this situation to be very stressful, basically because the client

MBS Updates: Investors’ Suit Tossed; Countrywide’s Repurchase Documents Discoverable

Today, we bring you two updates from the mortgage-backed securities litigation universe. First, on March 28, 2012, Justice Barbara R. Kapnick dismissed the complaint of investor group, Walnut Place (which Law360 calls “a legal moniker for distressed

Welcome to Guestbloggers Bill Maurer and Stephen Rea

Credit Slips welcomes Bill Maurer as a guest blogger this week. Bill is NOT a lawyer! Isn't that great? (We all need an occasional break from lawyers, even those of us who are lawyers.) But Bill is one of my colleagues at the UC Irvine School of Law

Banks and Attorneys General Reach Deal on Foreclosures

By: Ceara L. Riggs, Bankruptcy Attorney in St. Petersburg, Florida at The Reissman Law Group, P.A. On February 9, 2012, State Attorneys General and five of the nation’s largest mortgage servicers reached a $25 billion settlement. Super. But what does

Bankruptcy Roulette: The Uncertainty of Distressed Real Estate Valuation in Bankruptcy Court

Two recent decisions from the bankruptcy courts in Delaware and New York demonstrate the uncertainty surrounding distressed real estate valuation disputes. The range of valuation approaches available, as well as the discretion of bankruptcy judges

Can I File Bankruptcy If I Am Self Employed?

Self-employment can be challenging in different aspects since you are in business for yourself. A sole proprietor or an independent contractor most likely takes financial risks to help get the business off the ground. But for some, it leads to debt

The Daily Docket: Investigators Probe MF Global Account Transfer

According to The Wall Street Journal, investigators are probing whether a $175 million transfer from an MF Global Holdings Ltd. customer account three days before the firm’s bankruptcy may have run afoul of Securities and Exchange Commission and CME

What does the Ransom decision mean

By: Marshall G. Reissman Bankruptcy Attorney in St. Petersburg, Florida at The Reissman Law Group, P.A. In January, 2011, the United States Supreme Court ruled that if a debtor is not making loan payments or lease payments then a debtor is not

What is a Motion for Relief?

Filing bankruptcy gives protection of an automatic stay to the Debtor. This means the creditor is prohibited from taking any action against a debtor or a debtor’s property for example foreclosure on a home or repossession of car. A motion for relief

What Does It Mean To Have “Equity”?

Equity is a fairly simple concept that many people do not fully understand. Put simply, “Equity” is the fair market value of your property less the dollar amount of any liens or encumbrances against the property. Here is an example to illustrate

Fundless Sponsorship (aka Pledge Funds) trending higher. The end of private equity as we know it?

Traditional private equity funds raise money from investors and then have broad range to make investments as they see fit. Fundless sponsors (also referred to as pledge funds), in contrast, allow investors to decide on a deal-by-deal basis on which

7 ingredients of a money-saving garden

Lettuce help you save some green by encouraging you to plant your favorite veggies.

When is having a baby financially doable?

The joys of parenthood may be priceless, but the cost of raising a kid may be jaw-dropping.

Car advertising: What's fact and what's a fib

If a car ad sounds too good to be true, it might be. The truth is in the fine print.

Are there federal tax credits on clean diesels?

Clean diesels bought before 2011 came with tax credits. When did you buy your car?

Jackpot! A plan for lottery win

Prepare to pull the trigger on a financial plan in the event you win the big one.

Should we wait to take our Social Security?

Be patient before you start collecting, and you could get more bang for your benefits.

8 smart ways to spend a hefty windfall

It's an unexpected pleasure and burden. What would experts do with a pile of cash?