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

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Internet Deposits Eerily Reminiscent of Brokered Ones

Decades ago, regulators drew a sharp distinction between "core" deposits and "brokered" deposits. With Internet deposits effectively replacing brokered, why have they not drawn scrutiny?

The Broke and the Beautiful: Lenny Dykstra Edition

This week on The Broke and the Beautiful, Lenny Dykstra gets prison time and the owners of the New York Mets must pay up. Also, a judge wants the Los Angeles Dodgers and Bryan Stow to settle their dispute. Associated Press One, two, three strikes

What is a voluntary dismissal of garnishment without prejudice?

Question by acmyra_76: What is a voluntary dismissal of garnishment without prejudice? My paycheck has been garnished since July 20, 2007. Today, Sept. 1, 2007, I received a letter from the attorney for the recovery group that stated “Voluntary

Private Equity Must Get More Hands-On in Bank Investments

The strategy of purchasing troubled banks at depressed prices no longer works. The focus should now be on long-term partnerships based on operating improvements and growth.

The Second Circuit Interprets Morrison’s Bright Line Transactional Test

In Morrison, et al. v. National Australia Bank Ltd., et al., 130 S.Ct. 2869 (2010), the Supreme Court, Justice Scalia writing for the majority, rejected forty years’ usage of the Second Circuit’s cause and effects test for determining the

Bankruptcy Fraud Lands Man 30 Months in Jail

A Westport, Connecticut, man has been sentenced to 30 months in jail for bankruptcy fraud crimes of nearly $1 million. Following his time behind bars, Daniel Steinberg will remain under the court’s supervision for three years, according to the

Chapter 13 Bankruptcy Can Strip HOA Lien

Chapter 13 bankruptcy can strip a second mortgage from a primary residence if the house is worth less than the first mortgage so that the second mortgage is not secured by any equity. Many homeowners who fall behind in their...

Bankruptcy in a Day

Phoenix Bankruptcy Attorney Offers “Bankruptcy In a Day” to Stop Garnishments A wage garnishment in Arizona can force an individual to file bankruptcy to preserve necessary income for the necessities of life. A Phoenix-area attorney, Haines Meyer

PrimaCom: Stand by, Europe and Beyond, for a New Wave of English Scheme Restructurings

The English High Court has recently sanctioned a scheme of arrangement of the German cable television and internet provider PrimaCom Holding GmbH, approving a restructuring of its finance facilities to enable it to meet its borrowings and to provide

Force-Placed Insurance $$ - The Consumer Fiance Protection Board I Missing The Mark

The Consumer Finance Protection Board ("CFPB") is trying to rein-in a common practice of mortgage companies country-wide. Very often, if a mortgage company or mortgage servicer believes that a homeowners policy has lapsed or been cancelled, the

Force-Placed Insurance $$ - The Consumer Fiance Protection Board I Missing The Mark

The Consumer Finance Protection Board ("CFPB") is trying to rein-in a common practice of mortgage companies country-wide. Very often, if a mortgage company or mortgage servicer believes that a homeowners policy has lapsed or been cancelled, the

Force-Placed Insurance $$ - The Consumer Fiance Protection Board I Missing The Mark

The Consumer Finance Protection Board ("CFPB") is trying to rein-in a common practice of mortgage companies country-wide. Very often, if a mortgage company or mortgage servicer believes that a homeowners policy has lapsed or been cancelled, the

The Daily Docket: Apple Can’t Pursue Kodak Litigation

A judge Thursday said Apple Inc. couldn’t pursue patent infringement litigation against Eastman Kodak Co. over a patent the computer giant fears might be sold during Kodak’s bankruptcy before an ownership dispute is resolved. Read the Daily

Should a Debtor Reaffirm a Vehicle When Filing a Chapter 7 Bankruptcy?

Should a Debtor Reaffirm a Vehicle When Filing a Chapter 7 Bankruptcy? A Chapter 7 bankruptcy makes a debtor no longer liable under their contracts. That is why a debtor can surrender a house or vehicle through the bankruptcy with no penalty. The

Bankruptcy and Employment

When considering filing for bankruptcy there are a number of things to consider. One common question is how bankruptcy will affect finding new employment or government employment or security clearances. The answer depends on a number of circumstances

Is a Debtor Required to Forfeit Property in a Bankruptcy?

Is a Debtor Required to Forfeit Property in a Bankruptcy? When someone is considering filing bankruptcy, there are a lot of questions and concerns they may have. They may be worried about having to forfeit property and may think they will have to

SEC Staff Permits Exclusion of "Retail" Version of Proxy Access Proposals on Two Grounds

The SEC Staff has agreed that several companies can exclude their proxy access shareholder proposals that were modeled on a template provided by the United States Proxy Exchange, which also became known as the "retail" version because they were

SEC Staff Permits Exclusion of "Retail" Version of Proxy Access Proposals on Two Grounds

The SEC Staff has agreed that several companies can exclude their proxy access shareholder proposals that were modeled on a template provided by the United States Proxy Exchange, which also became known as the "retail" version because they were

SEC Staff Permits Exclusion of "Retail" Version of Proxy Access Proposals on Two Grounds

The SEC Staff has agreed that several companies can exclude their proxy access shareholder proposals that were modeled on a template provided by the United States Proxy Exchange, which also became known as the "retail" version because they were

SEC Staff Permits Exclusion of "Retail" Version of Proxy Access Proposals on Two Grounds

The SEC Staff has agreed that several companies can exclude their proxy access shareholder proposals that were modeled on a template provided by the United States Proxy Exchange, which also became known as the "retail" version because they were