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

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Cash-Strapped Florida Transit Workers Union Files for Bankruptcy

As a general rule, unions try avoid bankruptcy court—a place where airlines and other major corporations have used the court’s power to break pay promises they made to workers through collective-bargaining agreements. But federal bankruptcy court is

Texas State Court Gets Judicial Estoppel Right

The Dallas Court of Appeals has published a new decision correctly applying the doctrines of judicial estoppel and standing relating to a cause of action omitted from a bankruptcy filing. Norris v. Brookshire Grocery Company, ___. S.W.3d ___ (Tex

Can I Keep My Tax Refund If I File Bankruptcy?

Tax season can be an exciting time of the year for those who are expecting a large refund but if you are set to file bankruptcy, you may wonder if your refund will be targeted by the bankruptcy trustee. While your tax refund may be considered an

Bankruptcy Trustee Sues Businessman for Associate’s Fraud

In an unusual business bankruptcy case, a bankruptcy trustee has brought a civil lawsuit against the former owner of a company that was forced into bankruptcy protection after the collapse of the Ponzi scheme-style scam it had been running for

March Madness Is Coming!

By The Selection Committee Last year, Weil’s Bankruptcy Blog asked you to vote on our Sweet Sixteen of top bankruptcy-related decisions of all time, and Marathon won Weil’s March Madness championship as the top all-time bankruptcy-related court

The Daily Docket: U.K. Court Backs Lehman U.S.

The U.K. Supreme Court said Wednesday that billions of dollars in client cash belongs to customers of Lehman Brothers Holdings Inc.’s U.S. brokerage whether it was properly segregated or not, a win for customers of Lehman’s U.S. unit and the trustee

Can I Keep My Refund in a Chapter 13?

Tax refunds in a Chapter 13 are handle somewhat different than in a Chapter 7. We know, in a Chapter 7, as long as you received and spend your refund before filing, or are able to exempt your refund, then the trustee does not take it. In a Chapter 13

Can I Keep My Tax Refund?

Starting in September of each year, when clients come in asking about bankruptcy one of the questions we ask is whether the prospective client expects to receive a tax refund for the upcoming tax year. If the answer is yes, we ask how much. For a

Can a Married Person File Bankruptcy Without Their Spouse

A married person can file bankruptcy without their spouse. If a person files bankruptcy individually, it will not negatively affect their spouse or their spouse's credit. However, if there are joint debts, the filing spouse's liability for the debt

How to Qualify for a Mortgage After Bankruptcy

You’ve filed a bankruptcy in Georgia, and now you want to settle down and purchase a house. Contrary to popular belief, filing bankruptcy is not going to destroy your credit for life. While it is true that filing for bankruptcy will ding your credit

Can Bankruptcy Court Decisions be Appealed?

If you lose a motion in Bankruptcy Court you may be able to file an appeal. But not all of the judge’s rulings that go against you can be appealed. Only “final” judgments, orders, and decrees in Bankruptcy Court can be immediately appealed. For

The Automatic Stay Benefits Georgia Consumers

The automatic stay is a statutory injunction against certain creditor collection activity that comes into effect immediately upon the filing of a bankruptcy petition. It is called the “automatic” stay because creditor and governmental entity

Inherited IRA Protected Under Section 522(d)(12)

Joining the majority position, U.S. District Judge Walter Smith has ruled that inherited IRA accounts may be exempted as "retirement funds" under 11 U.S.C. Sec. 522(d)(12). Hill v. Studensky, No. W-11-CA-00214 (W.D. Tex. 2/22/12), which can be found

What Bankers Can Learn from Organic Farmers

Banks can improve their public relations strategy by applying lessons from the organic farming industry, which has averaged 13.6 percent annual sales growth during the past five years.

Uncork Virginia wine country on the cheap

If you have a nose for saving money as well as for wine, check out Virginia wine country.

Should I live with mom to pay off debt?

Making good on old debt may not instantly help your bad credit, but it's still a good idea.

6 steps to ask for a raise in a down economy

Confidence can only get you so far. Follow these steps to success when you ask for a raise.

For sale: Get your home ready for the market

Guys are turned off if your junk makes the garage look small. Plus other home-selling tips.

The cost of being on 'American Idol'

Making it onto "American Idol" doesn't mean you have it made financially.

Mortgage rates fall in time for HARP revival

Soon you may be able to refi no matter how far underwater. Mortgage rates are cooperating.