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

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Surrender Of Property To Mortgage Lender Does Not Forfeit Homestead Exemption

Your homestead property is exempt as long as you intend to maintain the property as your permanent residence. When a homestead owner files bankruptcy he must declare his future intention regarding his homestead property and mortgage. The debtor must

Our “Leaders” Want You to Ignore Fraud by Robo-Signing Lawyers

Obama Cares This Much About Homeowners Much has been written over the last week about what President Obama calls a “landmark” settlement between 49 Attorneys General and the five largest banks. With the lone exception of the National Association of

Why is it Recommended to File Bankruptcy with an Attorney?

Consumers have the option to file bankruptcy without an attorney or “pro se.” Many who choose to file without legal representation may opt to do so in hopes of saving money but for those who are not as familiar with the process, going at this on your

Redefining Unknown Claims in Bankruptcy – Are the Courts Shifting Back to a Test that Might Favor Reorganized Debtors?

After years of living with Frenville one of the most criticized bankruptcy cases for its reliance upon state law to define when a claim arises for bankruptcy purposes, the Third Circuit turned things around with its 2010 decision in Jeld-Wen, Inc. v

The Daily Docket: ‘No’ On Chapter 11 Plan Roils Washington Mutual Case

Washington Mutual Inc. is looking at trouble Thursday when it makes its third attempt to get its $7 billion Chapter 11 plan confirmed, thanks to a significant “no” vote by preferred shareholders. Read the Daily Bankruptcy Review article here. Energy

TSC Global, LLC and 10 of its affiliates (the "Debtors") filed for Chapter 11 protection in the U.S. Bankruptcy Court of the District of Delaware

The petitions were filed on February 12 and 13, 2012. The Debtors offered a declaration of Barry Kasoff in support of their Chapter 11 petitions. The cases have been assigned to Chief Bankruptcy Judge Kevin Gross. The Debtors have filed a motion for

TSC Global, LLC and 10 of its affiliates (the "Debtors") filed for Chapter 11 protection in the U.S. Bankruptcy Court of the District of Delaware

The petitions were filed on February 12 and 13, 2012. The Debtors offered a declaration of Barry Kasoff in support of their Chapter 11 petitions. The cases have been assigned to Chief Bankruptcy Judge Kevin Gross. The Debtors have filed a motion for

This Week in Governance News

Just in time before most proxy statements are issued, the SEC staff has issued a CDI on how say-on-pay resolutions should be described on proxy cards and voting instruction forms, with specific examples given of resolutions that would be considered

This Week in Governance News

Just in time before most proxy statements are issued, the SEC staff has issued a CDI on how say-on-pay resolutions should be described on proxy cards and voting instruction forms, with specific examples given of resolutions that would be considered

Differences Between Secured and Unsecured Debt

When considering bankruptcy, the most meaningful difference between unsecured and secured debt is that unsecured debt can be discharged. Secured debt can be discharged, however, any lien on the asset still remains. Basically, this removes the

Greek family and welfare provision

I have argued previously ( here) that the EU/IMF/ECB insistence on “flexibilizing” labor law in Greece overlooked the basic structure of the Greek private market, which consists overwhelmingly of small, family owned and operated businesses, with

Top celebrities and their pricey, plush rides

For some celebs, what car you drive is as important as what you wear on the red carpet.

5 things to weigh when starting your own business

Starting a business requires a major commitment. Are you sure you're ready for it?

Trading in penny stocks can be risky business

You might call it "speculating" in penny stocks. Check this list of downsides before buying.

What’s Holding You Back From Filing For Bankruptcy?

You’re getting squeezed by your debtors. There’s not an hour that goes by when you don’t receive harassing phone calls from collections agencies. Every time you open your mailbox, you’re met by a cascade of final demands and urgent notice letters

Why the Bank Tax is Wrong

The Obama administration's reasons for charging banks $61 billion are disingenuous and transparently political. The tax has nothing to do with recouping Tarp costs or making the system safer.

Marilyn’s Moving On

Associated Press A firm that helps companies manage popular brands from Pepsi to Pez is losing one of its bombshell contracts—the right to license a treasure trove of Marilyn Monroe photographs. Bradford Licensing LLC agreed to surrender its rights

Tenth Circuit Joins All Other Circuits in Holding the Automatic Stay Applies to Appeals by a Debtor of a Judgment in a Suit Brought Against Him

We reported earlier this year on the Tenth Circuit’s opinion in Chizzali v. Gindi (In re Gindi), 642 F.3d 865 (10 th Cir. 2011), where the Tenth Circuit noted that it alone among the circuit court had held that the automatic stay does not stay an

More Subsidies for Housing? Sounds Like a Hair-of-the-Dog Cure

This hangover has thus far been nursed with more of the same cheap money and lavish subsidies on which the housing market previously binged.

Revisiting Lehman

For reasons that I don't quite understand, Krugman has gone all upside Taylor based on a two year old post from Economics of Contempt, and DeLong has joined in the fun. Its kind of an undead debate. The basic problem is that the parties are talking