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

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Bank Of America Sanctioned For Discharge Violation

Bankruptcy Judge Arthur B. Briskman recently smacked Bank of America to the tune of $12,500.00 for violating a debtor’s discharge. The award included $2,500.00 in attorney’s fees. Shockingly, Bank of America did not attend the evidentiary hearing set

Obama's Housing Half-Measures Keep Missing the Mark

Why does HARP 2.0 continue the incrementalism that marred the first incarnation of the refi program and many of the housing policies the president has put forth?

Bankruptcy Filings Saw Big Increase in February 2012

The American Bankruptcy Institute (ABI) recently shared data collected by Epiq Systems, Inc. regarding recent bankruptcy filings in the United States with a big increase in filings during February from January 2012 alone. Data collected showed a 19

The Best is Not the Best: We Ignore this Idea at our Peril

Remember learning how Bill Gates wanted to sell his stuff to IBM but IBM said no? And how Western Union turned down an investment in a guy named Alex Bell, stating in an internal memo: “This ‘telephone’ has too many shortcomings to be seriously

False Statements in Massachusetts Bankruptcy Court Results in Attorney Discipline A simple Massachusetts Chapter 7 bankruptcy http://www.neilburnslaw.com/lawyer-attorney-1397148.html went amuck recently when an attorney failed to follow the proper proced

A simple Massachusetts Chapter 7 bankruptcy went amuck recently when an attorney failed to follow the proper procedures in electronic filing. According to a decision handed down by Judge Hillman last month, In Re: Stallworth (Chapter 7 Case No. 04

04/19-04/22: American Bankruptcy Institute’s Annual Spring Meeting

Weil partner, Ronit Berkovich, will serve on a panel at the American Bankrutpcy Institute’s 30th Annual Spring Meeting. April 19-22, 2012 Gaylord National Resort & Convention Center, National Harbor, MD Chapter 11 Track Bankruptcy Court Jurisdiction

The Daily Docket: Dodgers Sold for $2.15B

A group led by basketball star Magic Johnson won the Los Angeles Dodgers at a bankruptcy auction Tuesday, The Wall Street Journal reports. Solyndra LLC, whose abrupt bankruptcy filing last summer put the Obama administration’s solar-power efforts in

Can You Afford To Help Your Competitors?

Why should I help my competitors? That was the query of a highly experienced bankruptcy lawyer I met at the Northern California Bankruptcy Forum last week. I heard the same push back on one of Jay Fleischman‘s listserves from a participant who didn’t

How Is the Non-Filing Ex-Spouse Affected by Bankruptcy?

How Is the Non-Filing Ex-Spouse Affected by Bankruptcy? Many individuals inquire whether they will be affected by their ex-spouse's financial issues. Often, they are not affected, but there are circumstances where the financial issues can negatively

Can I Buy a New or Used Car While In Chapter 13 Bankruptcy? May I trade-in my old vehicle?

During the three to five years that you're making payment on your Chapter 13 bankruptcy, you can incure new debt only with permission from the bankruptcy court. This provision is there to prevent the debtor to jeopardize the success of the chapter 13

Ex-Spouses as Creditors

Ex-Spouses As Creditors Many people file bankruptcy as a way to stop a judgment or garnishment from being entered against them or to lift the judgment or garnishment if one is already in place. Most civil judgments can be included in the bankruptcy

How B of A Can Repair, or Further Wreck, Its Mortgage Book

The bank's plan to convert troubled loans to rentals will benefit all concerned. A special unit for servicing toxic assets can help, if run wisely. Principal reductions could seriously backfire.

Being Sued by Creditors? File for Bankruptcy

In Washington, creditors can typically garnish a bank account to collect a debt only after obtaining a judgment. Prior to filing, 25% of paychecks can be levied, but there is no limit to the amount garnished from a bank account. They can take it all

Could Dick Cheney Wipe Out His Heart Transplant Bill in Bankruptcy?

Ok, so we know that Dick Cheney had oodles of money to pay for the recent heart transplant that he received; however, let’s just assume that a fictional Richard Chainie had the exact same procedure performed and his health insurance failed to cover

How high can an adjustable-rate mortgage go?

To decide if an adjustable-rate mortgage is right, learn about the loan's caps and floors.

How to find a mortgage lender and pick the best

Your ideal mortgage lender may be online. Search for a few, then ask these questions.

Too many credit requests spoil your score

Each application that would trigger new debt will count against your credit score.

Michael Imperioli: '40' and happy with life

From "The Sopranos" to "Law & Order," Michael Imperioli stays happy by keeping things simple.

Weddings, kids, homes: Taxes for life's big events

There are tax implications -- some good, some not so great -- for every major event in your life.

Schedule C vs. C-EZ

Sole proprietors have tax form options when it comes to reporting business income.