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

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Bahraini Investment Bank, Arcapita Bank BSC, Files for Bankruptcy in the Southern District of New York

Introduction On Monday, Arcapita Bank BSC ("Arcapita"), a Bahraini closed joint stock company, filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the Southern District of New York. As stated in the First Day

5 travel costs to avoid on your next road trip

A road trip can be costly, so steer clear of these travel expenses when you hit the interstate.

Kiss those low mortgage rates goodbye

Record-low mortgage rates may be a thing of the past as investors see economic woes brighten.

Am I stuck with a judgment and a boyfriend?

You owe a lot of money. How do you gracefully end a relationship when you have joint property?

Can I use my ex-spouse to get Social Security?

It's possible to get Social Security based on an ex-spouse's work record even if you remarried.

Overcoming 6 tax terrors when preparing your taxes

Afraid of the 1040 tax form? Relax, we have the remedies to combat your fears.

7 ways to fund an IRA that won't hurt a bit

So you can't find any money to fund an IRA? Maybe you haven't looked hard enough.

TAG Actually Gives Big Banks the Advantage

Considering the cost of TAG and the alternative forms of insurance available, there is no economic reason to extend it. And when you guarantee transaction balances, you are really helping large banks.

Where do I File Bankruptcy if I am Moving to Another State?

When considering bankruptcy, it is important to review your income and assets; having accurate records of your finances will help the filing process move forward. But what if you are planning to relocate to a different state in the near future? The

Yes, Deposits Can Be Profitable, If . . .

Sales officers and pricing desks frequently misjudge customers' sensitivity to rates and overpay for deposits. Similarly, banks that underestimate duration leave money on the table.

“Strip Off” of a Wholly Unsecured Second Mortgage Impermissible

By: Michael J. Casaceli St. John’s University Law Student American Bankruptcy Institute Law Review Staff Joining a majority of courts, the New Jersey District Court, in Cook v. IndyMac Bank, [1] held that the debtor, Cook, could not use section 506(d

DOJ Slams Beacon Power Legal Tab, Bonuses

Associated Press Blue flywheel battery pits are seen at Beacon Power in Stephentown, N.Y., on July 7, 2011. A federal watchdog is fuming after a top law firm kept the clock running in the bankruptcy case of Beacon Power Corp., whose finances drained

What If My Income Goes Down During My Chapter 13 Case?

A common misconception about filing Chapter 13 in Atlanta is that once your Plan is confirmed by the court, you are permanently locked into that monthly payment for the entire duration of your 3-5 year Plan. A Chapter 13 Plan will run from 3 to 5

March Madness: The Sweet Spot

It’s time for the drama to unfold as our competitors pursue the coveted title of the “top bankruptcy case of all time.” The stakes have been raised: Only eight cases will advance to the next round, and one or more of the top seeds may find themselves

Affordable Bankruptcy Filing Fees

Bankruptcy can provide the protections debtors need, but they might doubt their ability to afford an attorney. The truth is, paying for assistance when going through bankruptcy might be easier than you think. At Northwest Bankruptcy, we offer the

FastShip, Inc. and Two Affiliates File Chapter 11

On March 20, 2012, FastShip, Inc. and two affiliates, FastShip Atlantic, Inc. and Thornycroft, Giles & Co., Inc. (collectively, the "Debtors"), filed for Chapter 11 protection in the U.S. Bankruptcy Court of the District of Delaware. According to the

FastShip, Inc. and Two Affiliates File Chapter 11

On March 20, 2012, FastShip, Inc. and two affiliates, FastShip Atlantic, Inc. and Thornycroft, Giles & Co., Inc. (collectively, the "Debtors"), filed for Chapter 11 protection in the U.S. Bankruptcy Court of the District of Delaware. According to the

Michael Vick Muscles Through Bankruptcy Case, $19 Million Debt

Here’s an inspirational story for anyone who has filed for bankruptcy and felt overwhelmed by the burden of their debt. Resurrected NFL star Michael Vick has bounced back from a prison sentence and a Chapter 11 bankruptcy case that included $18.97

How to Bounce Back from Personal Bankruptcy Faster

Once you have filed for personal bankruptcy, you may think your finances will be suddenly out of control. Sure, it’s nice to have a clean financial slate, especially after battling with a mountain of debt for so long but now that you have a personal

The Daily Docket: Geithner to Answer Lehman Questions

Lawyers for Treasury Secretary Timothy Geithner said he will respond to questions from Lehman Brothers Holdings Inc.’s creditors over allegations that J.P. Morgan Chase & Co. illegally siphoned billions of dollars from the collapsing investment bank