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

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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

Homestead Exemption Upheld Despite $184,000 Investment Within 10 Years Of Bankruptcy

The 2005 bankruptcy law contains a provision which intends to stop debtors from converting non-exempt funds in to homestead properties otherwise exempt under state law. The Code section provides for loss of homestead exemption to the extent a Chapter

Durbin Doomsday Never Came

Durbin was a non-event. If reducing credit card interchange by 1%, roughly half, will wipe out free rewards, then it will cost banks nearly nothing. Definitely non-fatal.

NYT: Bankruptcy Becomes Unaffordable for Small Businesses

By IAN MOUNT For the past 23 years, Chuck Benjamin has been working as a turnaround consultant, primarily for troubled private companies with annual revenues of $25 million to $250 million. During that time, his company — Benjamin Capital Advisors of

A Majestic Decision: Delaware Bankruptcy Court Holds Debtor’s QSub Tax Status Is Property of the Estate (Part One)

Judge Kevin Gross of the U.S. Bankruptcy Court for the District of Delaware recently decided a novel issue regarding whether a debtor-subsidiary’s beneficial tax status as a particular kind of flow-through entity constitutes property of that debtor’s

Credit Cards, Bankruptcy and Happiness; an Academic Study

People are wired differently. That is, the human brain's "wires" are activated, or stimulated differently. In a study regarding credit cards and debt management undertaken by University of Michigan Ross School of Business Professor Scott Rick and

The Daily Docket: Lehman Battling Former Swiss Subsidiary

Lehman Brothers Holdings Inc. is locked in a high-stakes battle with its former Swiss derivatives subsidiary over billions of dollars in guarantees and intercompany loans, a legal dispute that threatens to delay recoveries for creditors who have been

Implementation of New Disclosure on Say on Pay Results

Among the new proxy disclosure requirements under the Dodd-Frank Act is the mandate that issuers disclose in their CD&A “[w]hether, and, if so, how the registrant has considered the results of the most recent shareholder advisory vote on executive

Implementation of New Disclosure on Say on Pay Results

Among the new proxy disclosure requirements under the Dodd-Frank Act is the mandate that issuers disclose in their CD&A “[w]hether, and, if so, how the registrant has considered the results of the most recent shareholder advisory vote on executive

Looking into Bankruptcy Alternatives in Dallas?

If you’re looking into bankruptcy alternatives in Dallas, then you stumbled across this article just in time. While bankruptcy is certainly the best option for those individuals struggling under a mountain of debt, there’s no denying that this

Not Surprisingly, Bank Settlements Follow the Big Verdict Against TD Bank

The Ponzi Blog by Kathy Bazoian Phelps on February 16, 2012, analyzed on the jury verdict of $67 million in favor of Coquina Investments against TD Bank for its participation in the Rothstein Ponzi scheme in Florida. Now two more bank settlements are

The Little We Know About Foreclosure Reviews Is Troubling

The reviews, mandated by regulators, could turn up errors made by the mortgage servicers' auditors. What if the firm doing a foreclosure review previously audited the same client?

No Mortgage Deal but Banks get Free Pass

The national mortgage settlement among federal and state regulators and major banks, announced with much fanfare on February 8, still has not produced an actual written settlement agreement, judging by the dead link on the settlement web page. That

Implementation of New Disclosure on Say on Pay Results

Among the new proxy disclosure requirements under the Dodd-Frank Act is the mandate that issuers disclose in their CD&A “[w]hether, and, if so, how the registrant has considered the results of the most recent shareholder advisory vote on executive

Implementation of New Disclosure on Say on Pay Results

Among the new proxy disclosure requirements under the Dodd-Frank Act is the mandate that issuers disclose in their CD&A “[w]hether, and, if so, how the registrant has considered the results of the most recent shareholder advisory vote on executive

Can I Keep My Tax Refund in a Chapter 13?

The short answer is “Yes”. In most cases, an experienced Atlanta bankruptcy attorney can file a Motion to Retain Income Tax Refund while you are in a Chapter 13 repayment Plan. In Chapter 13, the Chapter 13 Trustee is entitled to receive any tax

IRS can help you look after the kids

If you paid someone to care for a dependent so you could work, a special tax credit could cut your IRS bill.

Sellers, here are what homebuyers desire in 2012

Among other things, homebuyers in 2012 want a move-in-ready house.

How to do a home walk-through before closing

Time for the walk-through of your new home, just before closing. Don't do it in a hurry.

How much home can you buy in these 10 cities?

How much is a "typical" home? See what the median price buys from Boston to Vegas.