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

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Third Time Was Not the Charm for This Debtor: After Failing to Confirm Two Plans, Debtor Loses Bid to Confirm Third Plan after the Seventh Circuit Rejects Treasury Bonds as “Indubitable Equivalent” to Building Lien

Convincing a judge that you have a reorganization plan worthy of confirmation can be a tricky business. Yet, as one debtor recently learned, convincing a judge who already thinks you’re untrustworthy is even harder. In In re River East Plaza, LLC, No

Bond Insurer Says JeffCo Shouldn’t Block J.P. Morgan Suit

A municipal bond insurer that guaranteed sewer debt issued by Jefferson County, Ala., is accusing J.P. Morgan Chase & Co. of unfairly using the county’s bankruptcy case to block the progress of the bond insurer’s own fight against the bank in New

How Can I Help?

After I unloaded on the incompetence I saw in the courtroom last week, it’s only fair to ask: what are you struggling with? Is there something I can do to help? I’m here to share what I know, with an emphasis on fitting together the pieces of what

Buffalo Grove Bankruptcy Attorney Recommends Payroll Control

Link Buffalo Grove bankruptcy attorney states that when you file a Chapter 13 bankruptcy case, you are required to make payments each month to a Chapter 13 trustee. The Chapter 13 trustee then administers that payment much like a dealer in poker, to

Des Plaines Bankruptcy Attorney On Joint Filings & Signatures

Link Des Plaines bankruptcy attorney states that if you are filing a joint bankruptcy case which means you and your spouse are each a petitioner in the case, then each of you must sign all of the documents under oath and abide by the information that

Buying Commercial Mortgage Loans isn’t Rocket Science? Right. Unless You Overlook the . . .

Buying a commercial mortgage loan is NOT rocket science. There are, however, some very basic aspects of a mortgage loan that should be included or addressed in the purchase of the loan. I list a few of them below. But before we get to them, ask

Bankruptcy Can Positively Impact Your Life

Growing up in El Paso and being Hispanic, I was brought up with the mentality that Bankruptcy was wrong. Since I started working at Diamond Law almost 3 years ago, my mentality on Bankruptcy has changed. Bankruptcy to so many people is a scary step

Can't We All Just Even Give Up?

Bankruptcy Judge Wallace of theCentral District of California (Riverside Division), recently entered a MemorandumDecision which declined to approve the settlement of a dischargeability actionfiled by a finance company against a pro se debtor. The

Bankruptcy & Loan Modifications Do Exist

Many clients come into our office hoping that we can lower their monthly mortgage payments. Unfortunately when the house is their homestead we do not have the means to modify the loan within the Bankruptcy. However, many banks are now offering loan

Transfer Title Before Filing Bankruptcy? Get Ready for a Rough Ride

A Chapter 7 case is a “liquidation” proceeding in which the Chapter 7 trustee is tasked with the administration of your case. The trustee’s job is to maximize the amount of property in the bankruptcy estate for the benefit of unsecured creditors. The

How Long Will My Chapter 7 Case Last?

I am often asked how long a “typical” Chapter 7 case will last after filing. What most people mean by a “typical case” is a “no-asset” case, or a case in which there are no assets for the Chapter 7 Trustee to distribute to unsecured creditors. Most

Credit for Parenthood (in the Wall Street Journal)

Wall Street Journal Reporter Jessica Silver-Greenberg casts a spotlight on the market for fertility treatment loans - including loans that enable the purchase of other women's eggs - in the article "In Vitro a Fertile Niche for Lenders."

Jonah Hill plays it straight with money

Making a real living as an actor isn't easy to do. Just ask Jonah Hill.

How to time additional mortgage payments

Which method of making extra mortgage payments saves the most?

CFPB takes aim at bank overdraft fees

The watchdog agency may ask for more disclosure on the costs of overdraft protection.

Monitor teen drivers to cut car insurance

Monitoring devices for teen drivers can lead to car insurance discounts. Here's how they work.

4 emotional errors to avoid when selling a home

You'll feel sad and ashamed if you let your emotions get in the way of selling your home.

What if car loan refinance is too costly?

You may be faced with a car loan refi offer that doesn't cut the cost enough. What can you do?

Figuring the correct investment cost basis

Don't pay the same tax twice. Here's how to figure the correct cost basis of investments you sold.

Even Small U.S. Banks May Feel the Sovereign Debt Pain

In this interconnected world, your customer in Kansas City could be affected if its revenue sources depend on one or more customers with significant European exposure.