Skip to main content
Help Center
banner

ABI Blog Exchange

article-exchange

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

Read Article

Pemco World Air Services Files Bankruptcy, Intending to Sell Aircraft Maintenance and Conversion Business

Introduction On March 5, 2012, Pemco World Air Services ("Pemco"), filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. According to the Declaration of Pemco's CFO (the "Declaration"), Pemco

I Challenge TAG with Small Banks' Interests at Heart

It is time to swear off the federal subsidy trough and reclaim the high ground in the battle to end too-big-to-fail. If we work together, we may even force the breakup of the largest banks.

Charities: Proper Clawback Targets in Ponzi Scheme Cases?

Posted by Kathy Bazoian Phelps To gain valuable recognition, Ponzi perpetrators often make handsome contributions to charities. But those contributions create political difficulties for the trustees and receivers in evaluating whether to seek the

Start Fresh Today to Sponsor Annual NACBA Conference in San Antonio

Start Fresh Today to Sponsor Annual NACBA Conference in San Antonio Start Fresh Today is excited to announce that we will be in San Antonio, Texas from April 26- April 29, 2012 for the 20th Annual NACBA Conference at...

Can I Get a Car Loan During Bankruptcy?

It’s common for individuals to seek a car loan after bankruptcy but what happens if you need one before your case is completed? You may be able to get a car loan while in bankruptcy depending on which chapter you file. The chapter filed may have an

Maclaren USA Stroller Lawsuit Can Roll On

Getty Images When the U.S. unit of the high-end stroller manufacturer Maclaren filed for Chapter 7, the Spieckerman family saw their lawsuit against the company come to an abrupt standstill—“On February 17, 2012, defendant Maclaren USA, Inc. notified

The Broke and the Beautiful: Dodgers Edition

This week, bankruptcy doesn’t stop the Los Angeles Dodgers from earning the second spot in Major League Baseball’s most valuable team rankings. In other news, MGM is bouncing back from bankruptcy, while Venus Williams reaches for a fashion (and

FDIC Holds the Trump Card: FDIC Issues Notice of Proposed Rulemaking Implementing Title II Receiver’s Ability to Enforce Subsidiary’s Contracts

Absent this statutory provision, counterparties to contracts of subsidiaries and affiliates could exercise contractual rights to terminate their agreements based upon the insolvency of the covered financial company. As a result, otherwise viable

Blue Springs Ford Sales, Inc. Files for Chapter 11 Protection

On March 21, 2012, Blue Springs Ford Sales, Inc. (the “ Debtor”) filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware. The petition lists both assets and liabilities between $10 million to $50 million, with the

Save Your 401(k) before Bankruptcy

The title just about says it all. It’s a really sad thing to get a call from someone asking for bankruptcy who has already spent all their retirement funds trying to avoid bankruptcy. You can’t get it back. And if you still need bankruptcy, you still

WSJ: Student-Loan Debt Tops $1 Trillion

By JOSH MITCHELL and MAYA JACKSON-RANDALL The amount Americans owe on student loans is far higher than earlier estimates and could lead some consumers to postpone buying homes, potentially slowing the housing recovery, U.S. officials said Wednesday

The Cold, Hard Facts about Personal Bankruptcy

When it comes to filing for personal bankruptcy, you might feel like you are alone in a sea of financially solvent people. Thanks to misinformation and myths floating around about what bankruptcy means, many people who file often feel like they have

The Daily Docket: AMR’s American Airlines To Reject Labor Pacts

The parent of American Airlines said Thursday it would ask its bankruptcy judge to reject its existing labor contracts so it can impose its own terms in pursuit of $1.25 billion in savings the carrier maintains are essential for its survival. Read

How Can a Debtor Strip a Second Mortgage?

How Can a Debtor Strip a Second Mortgage? In today's housing market, many Debtors owe more on their house than the house is actually worth, and many people have second mortgages against their house. You can determine what a house is worth by getting

How Are Personal Injury Proceeds Handled in Bankruptcy?

How are Personal Injury Proceeds Handled in Bankruptcy? When considering whether to file bankruptcy, many debtors question whether they will be required to turn over to the Trustee their personal property. In most cases, personal property will not be

Remember Passbooks? Where's Today's Honest, Basic Account?

Before moaning about unbanked consumers and their supposed lack of financial literacy, bankers, federal regulators, lawmakers might consider that there once was a product that targeted this situation.

Small Banks Know First-Hand That They Need TAG

The concentration of TAG deposits with the megabanks doesn't make TAG any less important to the thousands of community banks that use the program.

See what federal, state gas taxes cost you

Check out our interactive map to see how much federal and state gas taxes cost you at the pump.

How to prevent your car from being repossessed

Lenders would rather not repo a car. Here's how to get the bank to restructure your auto loan.

Best investment choices in a shaky Europe

Europe still offers good places to put your money, despite some countries' messy finances.