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

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Bank Lobby Cries over Volcker Rule, Regulators Try to Gut It

As Occupy the SEC detailed in our recent comment letter, the agencies' proposed implementation of the Volcker Rule strays from Congressional intent in several big ways.

Do I have to appear in court? What is the Meeting of Creditors or 341 meeting?

Do I have to appear in front of a Judge for my bankruptcy? No. The Judge does oversee the bankruptcy process; however you are not required to appear in front of him. Depending on your specific case, your attorney may need to appear in front of the

Injunctive Relief After The Expiration of the Automatic Stay

The automatic stay is one of the biggest reasons Debtors file bankruptcy. It provides repose from the ongoing harassment of creditors. More importantly, it allows Debtors to reorganize their affairs and to preserve their property. Unfortunately, the

Unsecured Creditor Agent in Orleans Homebuilders Files Preference Actions

Introduction Earlier this month, JH Cohn, LLP ("Cohn" or "Plaintiff") began filing preference complaints against various defendants in the Orleans Homebuilders ("Orleans") bankruptcy proceeding. For those not familiar with the Orleans bankruptcy

BONY-Countrywide Settlement Removal Reversed by 2d Circuit

Lost in the attention to the state-federal mortgage servicing settlement is the other major servicing fraud settlement: the $8.5B deal between BONY as trustee for various MBS trusts and Countrywide (Bank of America) over putback claims for

Wheeling Bankruptcy Attorney Depicts The Filing Timeframe

Link Wheeling bankruptcy attorney states that cases typically take 110 days from start to finish, that’s from filing until discharge. The timeframe will be a lot longer if you need an extended payment plan with your attorney before the case can be

Rolling Meadows Bankruptcy Attorney On Discharging Student Loans

Link Rolling Meadows bankruptcy attorney states that school loans are not eliminated in a Chapter 7 bankruptcy case as they are generally non-dischargeable debts. They are also debts for educational purposes that are not student loans that are also

Prospect Heights Bankruptcy Attorney On Listing All Of Your Personal Property

Link According to Prospect Heights bankruptcy attorney, you basically have to generalize the particular property that you have. Most states allow for a significant exemption in personal property. In the state of Illinois, you can protect up to $4000

Palatine Bankruptcy Attorney On Keeping Your Home Through Chapter 7

Link A Palatine bankruptcy attorney can assist you in keeping your home while getting out of debt through bankruptcy. If you are concerned about losing your house, you must find out what the value of the house is. There are many ways to determine the

Your Mt. Prospect Bankruptcy Attorney And Your Trustee’s Meeting

Link You and your Mt. Prospect bankruptcy attorney will have to appear under Section 341 of the Bankruptcy Code at a meeting of creditors and you will be ordered to testify or be examined under Section 343 of the Bankruptcy Code. Notice of that

Des Plaines Bankruptcy Attorney On Contact The Chapter 13 Trustee

Link According the Des Plaines bankruptcy attorney, you can definitely contact your Chapter 13 bankruptcy trustee; however, that trustee is not going to be advising you on any kind of legal matter. The trustee will simply tell you procedural items

Arlington Heights Bankruptcy Attorney Assists With Budget

Link As your Arlington Heights bankruptcy attorney, I will interview you and I will derive as much information as I can based on what you give me including your paycheck stubs, your tax returns and just common sense answers to common questions such

Can I Afford An Elk Grove Village Bankruptcy Attorney?

Link Most Elk Grove Village bankruptcy attorneys will work a payment plan with you prior to filing your bankruptcy case. What this means is you can hire an attorney for as little as typically $100 down and you can notify creditors about the fact that

Newlywed's move is tax-deductible

You can deduct your moving expenses if you meet certain criteria.

Investing: An international balancing act

Building a portfolio is a balancing act that requires diversification across countries.

6 tips to ensure a painless closing on your home

Closing on a house can be joyful or horrific. Follow these tips for a smooth settlement.

The top 10 American IPOs that rival Facebook

Facebook's IPO may reach $10 billion, but there are others in American history that beat it.

Reporting your capital gains (or losses)

Sold an investment? The IRS wants a Schedule D. The form is difficult, but it's worth the savings.

Why a Roth IRA conversion makes tax sense

A Roth IRA can provide a measure of tax diversification. Find out how it can benefit you.

Teachers must learn to adjust to 403(b) plans

Changes intended to streamline retirement plans have unintended consequences for teachers.