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

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Fixing the "Fixed" Forms

Two weeks ago, I blogged about the Forms Modernization Project's effort to create new forms specifically for consumer bankrupts. The chair of that Project, Judge Elizabeth Perris, offered a lengthy comment that shared some information on the goals

Stalking the Wily Tax Deduction

It’s tax time and the hunt goes on for tax deductions to lower your income tax hit. Tax deductions lurk in the most unlikely places. If your Chapter 13 plan is catching up home loan arrears, look at your trustee’s annual report for some deductible

Find Bankruptcy Information Without A Lawyer

So, are you looking for information on bankruptcy? There are a number of reasons that people go to the internet for research if they are thinking of filing for bankruptcy, even before consulting a lawyer. Many people turn to the web to find

When to take Social Security spousal benefits?

When can you receive spousal Social Security benefits? Here's how it works for one couple.

Paying down $29K HELOC balance due in 3 years

Increase your HELOC payments to pay down some of the debt before the loan is due.

Cost of living in George Washington's time

How much did booze cost George Washington? Imbibe this and other cost-of-living facts.

Mortgages inch up from last week's record lows

A good jobs report pushes up mortgage rates, which remain temptingly low for refinancers.

New rules for reporting capital gains, losses

Heads up -- the IRS will be able to better track gains and losses with the new Form 8949.

6 money tips from popular movie romances

Think there's no money advice in romantic comedies? You could learn from Harry and Sally.

3 ways to split rent and costs with roommates

When roomies have unequal income, try one of these ways to divvy up the rent and monthly bills.

How Long Before the Bankruptcy Process is Complete?

While it’s possible to get debt relief in a matter of months, the length of the bankruptcy process will depend on what chapter is filed. Whether it’s Chapter 7 or Chapter 13, each option offers relief under different rules and it may depend on the

Stop New Forms of Credit Union Mission Creep

Allowing credit unions to bring in investor capital will, in effect, make them identical to any other for-profit corporation that issues debt and stock - except that they will keep their tax-free status.

Whoomp! Who Owns It?

The question of who owns “Whoomp! (There It Is),” a song that anyone who attended a sporting event in the ’90s is all too familiar with, will go to trial this August after a decade of litigation and a related bankruptcy. Judge Richard A. Schell of

BLOG OF THE DAY: Why Not Just Let Money Market Funds Fail?

Rather than try to make money market funds safer, David Merkel essentially wants everyone to recognize and admit and deal with the reality that they aren't safe.

Inmates Seek to Advance Lawsuit Against Jefferson County

Bloomberg News Three inmates share a cell designed for one person at the Jefferson County Jail in Birmingham on Oct. 24, 2011. Inmates who are passing time in the overcrowded Jefferson County, Ala., jail say the county’s municipal bankruptcy case has

Causes of Bankruptcy In Massachusetts

No, this blog article is not going to employ any scientific study of how folks end up in Massachusetts bankruptcy , but perhaps this is a somewhat empirical study of what a Massachusetts bankruptcy lawyer sees, after years of filing personal

Payment Protection Plans

We have not talked a lot about payment protection plans, those great deals where the bank agrees to pay your credit card balance in the event of disability or death in exchange for premiums. They are great for the banks. In an article in the American

FDIC Stuck in Crisis Mode, Hurting Banks' Recovery

In an improving economy, many of the policies and procedures that were imposed on banks in 2008 have become counterproductive, and are hurting rather than helping the industry.

More than $500K in Debt, Bookstore Chooses Bankruptcy

An Atlanta-area bookstore surprised its fans last week when it filed for Chapter 7 bankruptcy protection to deal with its $508,673 in debts. At the time of the filing, it seems, Outwrite Bookstore had less than $300 in its checking account, a

Legal Mirage: Seventh Circuit Dismisses Appeal of Final Order upon Finding No Final Order to Review

In Ortiz v. Aurora Health Care, Inc. (In re Ortiz), No. 10-3465 (7th Cir. Dec. 30, 2011), the United States Court of Appeals for the Seventh Circuit dismissed an appeal from a final order of the bankruptcy court decided prior to the Supreme Court’s