Skip to main content
Help Center
banner

ABI Blog Exchange

article-exchange

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

Read Article

Mortgage rates fall in time for HARP revival

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

Can over-30 son get education tax exclusion?

How can savings bond owners snag an education tax exclusion? A father and son are finding out.

Does a Chapter 13 Debtor Really Have to Get Court Permission to Sell Property?

A Chapter 13 debtor MUST get Bankruptcy Court permission to sell property while their Chapter 13 case is pending. In fact a debtor in ANY bankruptcy chapter must get court permission. Permission to sell comes in the form of an Order from the Court

Credit & Debt Counseling Requirements upon Bankruptcy Filing

If you are considering filing for bankruptcy, you’ll want to review the credit counseling requirements that need to be completed in order for debt to be discharged. There are organizations that have been approved by the federal government to provide

Top Five Things People Do Wrong Before Bankruptcy

About 39% of all Chapter 7 cases filed without a lawyer end in failure, (even for those who use self-help services from a bankruptcy petition preparer). Leon Bayer and Jeffrey Wishman of the Los Angeles bankruptcy firm Bayer, Wishman & Leotta, are

Kodak Aims to Drop PGA Tour Agreement

Getty Images Eastman Kodak Co.’s bankruptcy has a new casualty: its partnership with the PGA Tour. Kodak, which recently yanked its name off the Hollywood theater that just hosted the Oscars, on Tuesday filed court papers seeking permission to reject

Another Southwest Florida Bankruptcy Judge OKs Chapter 20 Lien Strip

The most recent court opinion, In re Scantling, written by Bankruptcy Judge Michael G. Williamson, agrees that a debtor can file a Chapter 20 and strip his or her second mortgage (or whatever is left of it) despite not being eligible for a discharge

Lehman Brothers Agrees To $1 Billion Settlement With Bermuda Affiliates

NEW YORK - (Mealey's) Lehman Brothers Holding Co. Inc. on Feb. 28 agreed to a $1 billion settlement that resolves $2.3 billion in claims brought by the closed bank's affiliates based in Bermuda, according to a brief the bank filed in a New York

The Convenient Truth: A Plan Classification Warning

This month, our “Breaking the Code” super-random-topic-generator has selected the section you’ve all been waiting for — section 1122(b) of the Bankruptcy Code. Well, even if you weren’t waiting for it, the generator picked it. Section 1122(b) allows

Chief Judge Arthur J. Gonzalez Retires Today

Today, the Honorable Arthur J. Gonzalez will retire as chief judge of the United States Bankruptcy Court for the Southern District of New York. Since announcing his retirement last year, Chief Judge Gonzalez has received the highest praise for his

The Daily Docket: Trump to Buy Doral

A company controlled by real-estate mogul Donald Trump is set to buy the Doral Golf Resort & Spa in Miami out of Chapter 11 protection and prepare it for a massive renovation after no other bidders stepped up to challenge its $150 million offer for

How to File for Bankruptcy with Student Loans

There is no denying that higher education doesn’t come cheaply. With the nation’s top private colleges costing upwards of $40,000 for tuition and fees alone (and many public universities not far behind), it is obvious that more students than ever

Mortgage Modification Or Chapter 13 Bankruptcy: Which Comes First?

Some of my bankruptcy clients are considering Chapter 13 bankruptcy to save their homes and strip off a second mortgage. These people are simultaneously investigating a modification of their first mortgage through one of the mortgage modification

Listing Creditors in a Banktuptcy Petition

If you are considering filing for bankruptcy you probably have a number of questions about what creditors must be listed and what payments you can make in the months leading up to bankruptcy. Clients may have a number of reasons for wanting to

Bankruptcy modifies the collection of all kinds of debt.

Do you receive late notices and collection letters in the mail? You probably opened them at first, but now do you just throw them in an unopened pile, hoping to deal with them later – and later never comes? Are you tired of explaining why you have

Insurance Nightmare: As Lawyers Attack Forced Placed Insurance, Lenders Accept “Hope Insurance”

A recent and well-publicized lawsuit against a lender shows our appetite for headlines even extends to insurance issues. Yes, insurance. My comment here is NOT about the merits of the lawsuit. (I’m not evening giving you a link to it.) Instead, I

No capital gains taxes due for some investors

Some taxpayers won't pay any capital gains tax. Find out if you are eligible for this break.

7 hip hatchbacks to tempt your teenage driver

You want your kid to be safe, and he wants to be cool. These hatchbacks can fulfill both needs.

5 tips to make sure your short sale succeeds

Do a short sale wrong, and you lose more than your high credit score. Here's what to know.

Infographic: Battle of the one-percenters

Between Wall Street, Hollywood and Silicon Valley, which hub is the wealthiest?