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

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The Daily Docket: Lehman Exits Bankruptcy

Lehman Brothers Holdings Inc. on Tuesday officially emerged from Chapter 11 bankruptcy protection after nearly 3 1/2 years and said creditors of the investment bank will start getting paid next month. Read the Daily Bankruptcy Review article via The

Fifth Circuit Weighs in on Stern’s Effects on Magistrate Judges’ Authority to Enter Final Judgments on State Law Counterclaims

On March 5, the United States Court of Appeals for the Fifth Circuit handed down its decision in the much-watched case of Technical Automation Servs. Co. v. Liberty Surplus Ins. Corp. Though the underlying issue was one of contract interpretation

Why Hire A Grayslake Bankruptcy Attorney To Help You?

Link If you are seeking a Grayslake bankruptcy attorney to assist you, there are many law firms that can help. This is true whether or not you require a Chapter 7 or a Chapter 13 bankruptcy case. I feel that my office provides excellent customer

Grayslake Bankruptcy Attorney On Keeping Property After Filing

Link According to Grayslake bankruptcy attorney, you will not lose everything if you file for bankruptcy. In fact, you can keep most everything if you file for bankruptcy provided you continue to make timely payments on unsecured items such as

What happens if one of my creditors is not listed in my bankruptcy?

You are required to list all of your creditors in your bankruptcy petition. You will want to run a credit report, whether you do that yourself or have your attorney run the report for you. Everything listed on your credit report should be listed on

Bankruptcy Might Immediately Improve Your Credit

Many people fear that they will never again have good credit if they have to file for bankruptcy. While having a bankruptcy in your past has a very negative impact on your credit score, the overall results of discharging your other debts may actually

Will I Lose my Engagement Ring if I File Chapter 7?

In Georgia, it is very rare to have the Chapter 7 Trustee seize your jewelry to liquidate for the benefit of unsecured creditors. The bankruptcy code provides that debtors can use Georgia state law exemptions to keep certain property from the grasp

After Bankruptcy Filing, Beware of Phony Debt Collectors Who Threaten Arrest!

Folks frequently come in to talk about bankruptcy and are very concerned that an arrest warrant may be issued as they haven’t paid their debts — either before filing bankruptcy or even after filing for bankruptcy. They have heard about phone calls or

At Last, A Credible Threat of Default: Too Little-Too Late Eupdate?

At long last, Greece is starting to resemble a normal restructuring--you know, the kind where the debtor just might not pay if it does not get the relief it is asking for. Everyone else has done it this way, including the proverbial opposites, mean

How to sell a home when there's a tenant in it

You want to sell your house without disrupting the renters' lives. Here's how.

Bank should replace granny's cashier's check

Grandma hasn't lost her money, just her check. The bank should cut her another. Here's why.

Beware the dirty dozen tax scams of 2012

This year tax scams include phishing, fake trusts, dubious donations and unsavory tax pros.

6 tips for traveling with credit cards

Charging your way around the world? Here are some ways to prep your plastic for a trip abroad.

Earned income tax credit could pay off

If you don't make a lot, the earned income tax credit could help you get some cash back from Uncle Sam.

Fox Lake Bankruptcy Attorney Can Assist If Creditors Continue To Contact You

Link As a Fox Lake bankruptcy attorney, I advise my clients that no creditors should be contacting you after your Chapter 7 bankruptcy case is over. There is something called an Automatic Stay and discharge injunction which prevents creditors from

Lake Villa Bankruptcy Attorney Clarifies That All Creditors Must Be Listed

Link Lake Villa bankruptcy attorney states that pursuant to the Bankruptcy Code, you must list all of the people that you owe money to on your bankruptcy petition. This does not mean that you can’t agree to repay someone after your case is filed. For

What's So Hard About Winding Down Fannie and Freddie?

We don't understand all the angst. The public/private hybrid of Fannie and Freddie should be abolished, their existing business sold or liquidated, and the mortgage market privatized.

Bankruptcy Group Pushes for Student Loans to be Dischargeable

The National Association for Consumer Bankruptcy Attorneys (NACBA) is pushing to have the bankruptcy code revised to change the way student loans are being treated according to a recent report by Reuters. The bankruptcy group feels that college

FHFA, Freddie and Fannie Deaf to Reason on Foreclosures

Executives at the "three F's" are now hunkered down in the trenches, hands clamped over ears, waiting for the shelling to stop and the criticism to abate.

GM Linsanity: Buzzer Beater or Billion-Dollar Backdating?

The game is tied with three seconds to play in regulation: an inbounds pass, one dribble—and a long shot at the buzzer. It’s the drama we love and expect this month, but whether the result is the thrill of victory or the agony of defeat depends not