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

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Judge Chief Risk Officers by Their Paychecks

Michael Stockman and Michael Roseman may have had the same title at MF Global, but their testimony highlighted distinct differences in actual roles, responsibilities and perspectives. And salary.

Rare Antique Bankruptcy Document Presented to Downtown Los Angeles Bankruptcy Law Firm

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

The Broke and the Beautiful: Kodak Edition

This week on The Broke and the Beautiful, Kodak wants to pull its name from Hollywood’s Kodak Theatre, and actress Debbie Reynolds is writing a new memoir. Also, “30 Rock” star Tracy Morgan’s mom is facing foreclosure. Reuters You’ve likely clicked

Judge Blasts IndyMac Phrase Turner

Associated Press A federal judge in Los Angeles doesn’t think much of the literary abilities of a defense lawyer for two former IndyMac officials being sued by the Federal Deposit Insurance Corp. Judge Dale S. Fischer of the U.S. District Court in

MERS Update: NY Attorney General Sues Major Banks Claiming Improper Foreclosures Due to Use of MERS

Based upon a series of wins by MERS in various courts, it looked like MERS would survive, and we’d avoid the need for a federal solution in suppport of the continued use of the MERS electronic registry, which is a fundamental component of securitized

Child Support Delinquency Will Hold Up Chapter 13 Discharge

It is a real accomplishment to complete your Chapter 13 case. In an environment where jobs come and go, unexpected expenses can pop up and more than two-thirds of all Chapter 13 plans fail, anyone who fulfills the terms of his Chapter 13 plan should

Zoo: An Intimidating New Statue

I went to Elephant Odyssey last weekend and I noticed some new statues. Most of them are pretty straight forward, but this one seems like a strange choice. In case you can’t make it out, the prehistoric-looking leopard is looming on a rock right

Reminder: SEC Interpretation on Reconciliation for Use of Non-GAAP Measures in CD&As

As companies are in the midst of preparing their proxy statements, some may have forgotten an interpretation that the SEC Staff issued last summer regarding the use of non-GAAP financial measures in CD&As that could affect your disclosure. The CDI in

Reminder: SEC Interpretation on Reconciliation for Use of Non-GAAP Measures in CD&As

As companies are in the midst of preparing their proxy statements, some may have forgotten an interpretation that the SEC Staff issued last summer regarding the use of non-GAAP financial measures in CD&As that could affect your disclosure. The CDI in

Avenue Moves to Keep Lingerie Promises

Executives at plus-sized retailer Avenue rushed to the courtroom Thursday to make sure that ladies who purchase their unmentionables from the chain remain, ahem, well-supported throughout the case. In an 89-page summary of its immediate operational

Dead or Alive – Liquidation or Restructuring under the Hungarian Insolvency Law? Part 2 — Liquidations

Hungarian Liquidation What is liquidation? The purpose of liquidation proceedings under Hungarian law is to terminate the business activities of an insolvent debtor and distribute its assets in accordance with the priority order set out in the

Why Paul Volcker Is Wrong About Money Market Funds

To suggest that MMFs exist in a hidden "shadow" world simply distorts reality.

Common Questions about Bankruptcy and Divorce

Dealing with financial issues during marriage is common but for some couples, money issues contribute to relationships that have gone downhill. With divorce being imminent, a spouse may become curious about what debt is owed, who will be responsible

The Daily Docket: Hostess Can Borrow All of Its Loan

A judge Thursday cleared Hostess Brands Inc. to borrow the entirety of its $75 million bankruptcy loan, siding with the maker of Twinkies and Wonder Bread over protests from unsecured creditors who warned the financing deal would drive the company

Reminder: SEC Interpretation on Reconciliation for Use of Non-GAAP Measures in CD&As

As companies are in the midst of preparing their proxy statements, some may have forgotten an interpretation that the SEC Staff issued last summer regarding the use of non-GAAP financial measures in CD&As that could affect your disclosure. The CDI in

Reminder: SEC Interpretation on Reconciliation for Use of Non-GAAP Measures in CD&As

As companies are in the midst of preparing their proxy statements, some may have forgotten an interpretation that the SEC Staff issued last summer regarding the use of non-GAAP financial measures in CD&As that could affect your disclosure. The CDI in

For Profit Student College Student Loans In Bankruptcy

The treatment of student loans in bankruptcy is one of the most challenging topics for a debtor. As a general rule, student loans cannot be discharged in bankruptcy unless the debtor proves that paying them is an undue hardship. The Debtor is

Common Questions about Bankruptcy and Divorce

Dealing with financial issues during marriage is common but for some couples, money issues contribute to relationships that have gone downhill. With divorce being imminent, a spouse may become curious about what debt is owed, who will be responsible

Do I Need to Tell Creditors I Plan to File Bankruptcy?

  Notifying your creditors about your decision to file bankruptcy is a personal option. It may depend on how comfortable you are talking about it as well as how soon you plan to file. Many people who file often don’t say anything to their creditors

Will settling car loan debt kill credit score?

A bank settlement sounds like a good deal, but find out the implications for your credit score.