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

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SEC Decides on Questions of Proof of Ownership Regarding DTC Participants for Shareholder Proposals

The SEC Staff made several recent decisions on questions of proof of ownership for submission of shareholder proposals, in light of the requirement under Staff Legal Bulletin 14F, which we previously discussed. SLB 14F makes clear that only DTC

Religious School Tuition and Chapter 13: Allowed by Section 1325(b)?

One of the most frustrating aspects of chapter 13 is the uncertainty over whether a child’s religious school tuition is an allowable expense. Given the importance that some families place upon religiously oriented education, a family considering

U.S. Should Follow Kenya's Lead on Mobile Payments

It's time IT professionals, telecommunications experts and bankers in the U.S. to immerse themselves in the African-spawned technical and marketing innovations around mobile payments.

Secured Lender Loses to IP Owner in Dispute Over Proceeds of Trademarked Inventory

By: Robert B. Stein and Kory Grushka Robert B. Stein Kory Grushka In an unorthodox ruling, a North Carolina appellate court recently held that a factor of trade receivables had neither a valid ownership interest nor security interest in certain of

Fifth Circuit Rules That Stern v. Marshall Does Not Invalidate Action By Magistrates

In a ruling that could shed some light (but not very much) on the authority of bankruptcy judges, the Fifth Circuit has ruled that a magistrate's ruling in an insurance coverage dispute did not run afoul of the Supreme Court ruling in Stern v

Welcome to the #1 “Reader Rated” Bankruptcy Blog

Welcome. I’m Virginia bankruptcy lawyer Robert Weed. Thanks for visiting me. I started this blog for my bankruptcy clients. When I explain something, I like to give people a written version, too; so they can refer back to it later. When I answer an

When NOT to File for Bankruptcy: A Case Study

Bankruptcy is a very effective tool to deal with financial problems. There are times, however, when it just does NOT make sense. The following facts are from a consultation where I advised AGAINST a filing. The gentleman had a condominium which had

What should you say to save house in bankruptcy?

Reaffirm? Redeem? Other? Know the options in a Chapter 7 filing if you want to keep your home.

Widow can switch Social Security benefits

A widow can take a survivors benefit at 60, but she has other options taking Social Security.

Donating a vehicle to charity

Even with tighter donation rules, that jalopy may be a valuable tax deduction.

How much savings should be in an emergency fund?

With an uncertain economy, having a rainy-day fund is critical. Set up one using this strategy.

Health care law to treat unequal access in 2012

Low-income Americans often have less access to health care. Could new reforms help?

What bargain shoppers find on sale in March

From digital cameras to tropical fruit to ski vacations, here's what's on sale in March.

3 types of oddball job interview questions

Some questions from prospective employers will leave you tongue-tied. Here's what to expect.

Affordable Care Act: Changing costly care?

Health care reform mandates health insurance for all, but can it contain the cost of care?

When to File Chapter 13, by Bankruptcy Attorney in St. Charles, MO Tobias Licker

If facing foreclosure or repossession, a Chapter 13 bankruptcy filing may be for you Filing for bankruptcy is an option for some people who are simply buried in debt. An individual, couple or company may file for bankruptcy due to a change in income

Megabanks Need Their Own Lobbying Group

There are many trade associations for banks, but none explicitly for the top five. With the continued calls for the dismemberment of the biggest banks, new representation is needed more than ever before.

Madoff Trustee Gets Call on Borderline Pitch - Judge "Skeptical" But Does Not Dismiss Claims Against Mets' Owners

On the surface, Irving Picard, the trustee of Bernard L. Madoff Investment Securities LLC (“BLMIS”), had a very good day. Judge Jed S. Rakoff granted Picard’s motion for summary judgment against Fred Wilpon and Saul Katz, the owners of the New York

Chapter 13 Bankruptcy: What Am I Obligated to Pay?

Chapter 13 bankruptcy is a repayment plan that helps reorganize outstanding debt. The purpose of this filing is to create a payment plan that will help you handle debt over a certain time period. There are guidelines that should be met upon filing

Judge Frees Travelers From Big Payout for Manville Asbestos Creditors

A federal judge recently freed insurer Travelers from obligations to pay out $510 million in long-running litigation over asbestos liabilities in the three-decade-old bankruptcy of Johns Manville Corp. Under settlements struck nearly a decade ago