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

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Money Fails of the Rich and Famous: Nicolas Cage

He’s made some great movies: Raising Arizona, Leaving Las Vegas, Adaptation. He’s made some huge blockbusters: The Rock, Gone in 60 Seconds, National Treasure. He is the 5th youngest actor to win the Academy Award for Best Actor for his role in

What Is Considered Bankruptcy Fraud?

When it comes to declaring Chapter 7 or Chapter 13 bankruptcy, you know the right steps you must take to make it happen. Declare all your income and liabilities. Put your credit cards away. Work with your bankruptcy attorney to ensure a successful

The Daily Docket: Saab to Enter Chapter 11

Saab Cars North America said it will file for Chapter 11 protection in Michigan, a move that comes a little more than a week after some of its dealerships sought to push the Swedish auto maker’s U.S. unit into bankruptcy proceedings in Delaware. Read

Will Filing Bankruptcy Stop a Foreclosure?

Many people who are considering bankruptcy may also be in the process of losing their home due to foreclosure. In fact, oftentimes, these two situations are closely related. Yet, depending upon your circumstances, you could actually be able to save

The World’s Worst Ever Sellout – Is Your State In?

Over 40 states have already signed on to the sellout deal the corrupt politicians negotiated, so they could run for office beating their chests bragging about their tremendous accomplishment, with their mortgage company liege lords, who should have

From Brussels to Beijing, Regulators Block Open Payment Networks

Across the globe governments are increasingly regulating payment networks as public utilities, limiting fees and access to markets.

6 tips for buying a newly constructed home

When you buy a brand-new home, you have to look for what's there -- and what's missing.

Let Uncle Sam help pay for your move

Got a job a few hundred miles away? The IRS helps you move, allowing deductions for some expenses.

When in Rome, save for college in US

A family living in Rome half of the year can use several college savings vehicles in the U.S.

What's app with mobile banking today?

From virtual deposits to digital wallets, mobile banking makes saving and spending easier.

Is My Income Too High for Bankruptcy Relief in Los Angeles?

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

Bankruptcy and the Hardship Discharge.

When people are in a Chapter 13 bankruptcy and hit a snag in their case, often they request a hardship discharge. The name alone should indicate that this type of discharge is not given upon a mere request. There are specific requirements that must

How to Get Back on Track After A Dallas Bankruptcy

After you’ve successfully filed for your Dallas bankruptcy, you may feel like the last thing you want to do is touch a credit card or consider taking out a loan. Besides, the whole reason why you had to file for a Chapter 7 or Chapter 13 bankruptcy

Freddie's Hedging Is Healthy

A considerable amount of energy has been spent linking Freddie Mac's use of an arcane set of derivatives to some sinister plot. The facts of the situation appear to have been blown well out of proportion.

Low Threshold Adopted for “Participation” Sufficient to Bind a Creditor to a Chapter 11 Plan

By: Jonathan Weiss St. John’s Law Student American Bankruptcy Institute Law Review Staff In S. White Transportation, Inc., [1]the Bankruptcy Court for the Southern District of Mississippi held that secured creditor had “participated” in the chapter

Home Sales Go On Despite Spanish Peaks Bankruptcy

Spanish Peaks’ ongoing bankruptcy isn’t stopping the sale of luxury homes at the exclusive ski-and-golf community nestled among Montana’s mountains and bordering Yellowstone National Park. Three homes in the Big Sky, Mont., community will go up for

What You Don’t Know Can Hurt You: Successor Liability and Sec. 363 Sales

Weil attorneys Joe Basile and Patrick Joy discuss the use of Section 363(b) asset sales as an M&A and possible successor liability risks involved in such sales, especially when applicable state law can impose successor liability on an asset buyer

The Finer Details of Declaring Bankruptcy0

Filing for a Chapter 7 or Chapter 13 bankruptcy may seem like a pretty straightforward process: hire a qualified bankruptcy attorney, submit your assets and debts to the bankruptcy courts, and wait six to nine months for your debts to be discharged

The Daily Docket: A&P Confirmation Hearing Begins

Great Atlantic & Pacific Tea Co. on Monday laboriously moved closer to final approval of its plan to exit what has been an equally laborious bankruptcy, with the company continuing to satisfy objections and a judge beginning to overrule others. Read

2012 MBA-CREF Convention (Day Two) – “Play It Again” is the Forecast

The MBA does a great job in planning sessions, and in selecting a location where lenders and their mortgage bankers can meet. The convention take s place at the beginning of the year, so that the lenders can articulate their goals, which allows