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

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Good news! Not everything is taxed

The IRS wants a bite of your income, but in some cases your money is taxed only partially.

Marrying for richer rather than poorer

Evidence suggests that those who marry will be better off than those who stay single.

Where do I stash cash in case of emergencies?

When you create an emergency fund, consider these investment options.

10 new tax laws that may affect 2011 return

Before filling out your tax return, check out these changes that may affect your IRS bill.

Money in offshore account? Better report it!

The IRS imposes stiff penalties on individuals who don't report offshore account earnings.

Star Jill Hennessy doesn't like to spend like one

Even with her success, former "Law & Order" star Jill Hennessy says she keeps it cheap.

Can bankruptcy cause me to lose my homes?

Whether you're inside or outside of bankruptcy, losing your homes is a possibility.

Fuel-efficient pickups for frugal families

Normally not known for their gas mileage, these pickups stretch your time between fill-ups.

Common Questions about Bankruptcy

If you’re not familiar with how bankruptcy works its common to have questions about the process. If you have been struggling to pay your debt and continue to fall further behind, bankruptcy is an option worth researching. The following questions are

Summertime Bankruptcy for Harrisburg?

Associated Press The Harrisburg, Pa., incinerator Harrisburg’s chances to sort out its debt in bankruptcy court seemed to have finally run out last week when a Pennsylvania district court quickly threw out the City Council’s latest appeal of its

With Debts Of $493.2M, Charter Airline For U.S. Military Files For Chapter 11

BROOKLYN, N.Y. - (Mealey's) Global Aviation Holdings Inc. (GAH), the largest charter airline provider to the U.S. military, filed for Chapter 11 bankruptcy Feb. 5 in the U.S. Bankruptcy Court for the Eastern District of New York, citing $493.2

Update: Judge in Koss Case Satisfied by SEC’s Explanation of Proposed Settlement

We previously posted about Eastern District of Wisconsin Judge Rudolph T. Randa’s citation of Judge Jed S. Rakoff’s Citigroup opinion in seeking more information from the SEC concerning its settlement with Koss Corp. Judge Randa, among other things

If It Had Only Called. . . Second Circuit Finds that Picking up the Phone May Have Allowed Payphone Company to Avoid Claim for Lost Profits

Claims litigation is often a messy business. With facts that include two chapter 11 cases, two state court litigations, and a motion for sanctions, the decision by the United States Court of Appeals for the Second Circuit in In re Best Payphones, Inc

Bankruptcy Court Says No Liability For Assisting A Debtor's Fraudulent Transfers Or Conversions

A fraudulent transfers and fraudulent conversions prior to filing Chapter 7 bankruptcy can be detrimental in two ways. First, the Chapter 7 trustee can reverse the transfer or conversion, take the property back from the transferee (recipient), and

Joe Wrote the Book On Bankruptcy!

A new book, Best Practices for Filing Chapter 13: Leading Lawyers on Examining Today’s Consumer Bankruptcy Trends and Preparing a Throrough Chapter 13 Filing, was just published by Aspatore Books. I know that lots of books are published everyday. But

Sandwich Chain Quiznos Avoids Bankruptcy

News outlets have reported in recent weeks how the recession hit Denver-based sandwich chain Quiznos. In fact, until recently, many sources assumed Quiznos would opt for bankruptcy protection to alleviate its debt burdens brought on by a lowered

Finding Loans After Declaring Bankruptcy

After declaring bankruptcy, you may be tempted to swear off all loans and credit cards forever. However, nothing is better for your financial health than responsibly using lines of credit (with the emphasis on “responsibly”). But finding loans after

The Daily Docket: Global Aviation Enters Bankruptcy

Global Aviation Holdings Inc., which says it is the largest commercial provider of airlift transport services for the U.S. military, filed for Chapter 11 bankruptcy protection Sunday. Read the Daily Bankruptcy Review article here. The biggest lender

2012 MBA-CREF Convention Starts: Top Topics Span Good Times, Tough Times & Technology

Yesterday (Sunday) was the first day of the 2012 MBA-CREF Convention. The theme or tag-line is “Where Market Makers Meet.” The formal sessions start today, which cover content planned by the various councils comprising the MBA. Some times the “off

Myth Busted: Most Can Afford A Chapter 13 Plan

One of the most stubborn myths about bankruptcy is the one which says that chapter 13 requires full payment of all your debts over 60 months. If true, this would indeed rule out chapter 13 for most consumers. After all, what good would come from