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

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Is a cash-out home refinancing right for you?

Sometimes you need extra cash. Find out how one couple could benefit from cash-out refinancing.

6 legendary musicians who filed for bankruptcy

Success can't always keep you afloat. These hit-makers found that out, but most recovered.

Mortgage rates plunge to record lows again

As mortgage rates dive, the president proposes a way to let more homeowners refinance.

Open a new credit card for the sign-up bonus?

Bonus offers for new credit card customers have been getting more appealing. Should you bite?

It's a Mad, Mad, Mad, Mad Mortgage Investigation

With all the twists and backroom turns, government officials' quest for a settlement and restitution from banks and mortgage servicers is starting to resemble a 1960s screwball comedy.

Foreclosure: Should You File Bankruptcy To Save Your Home?

When your home is at risk for foreclosure, you may feel like the only thing you can do is throw up your hands and let the banks take over the house you raised your family in. But you don’t have to sign over the deed just yet. There are steps you can

Blog of the Day: Bank Transfer Day's Demographic Surprise

Javelin's James Van Dyke says young, would-be money movers face "the Occupier's Dilemma": they like the idea of community-based institutions, but are more attached to the large banks' tech offerings.

Los Angeles Bankruptcy Lawyer Says A Short Sale on Your Home Could Soon Mean More Income Taxes

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

Llamas, Tigers and Bears, Oh My!

Associated Press Llamas from Ryan Patrick Scott’s failed business venture are seen in Independence, Iowa. Household pets who belong to financially struggling owners could take their cues from this year’s Republican presidential hopefuls: emphasize

AMR Tells Employees of Plan to Dump Pensions

Associated Press American Airlines parent AMR Corp. is planning to cut 13,000 jobs and terminate its four employee pension plans covering its workers and retirees. In a memo to employees, the company said it’s necessary to dump its pension

Bankruptcy Class Action Settlement Update

In 2009, a class action lawsuit brought in California challenged credit-reporting bureaus TransUnion, Equifax, and Experian with improperly reporting debts that had been discharged in bankruptcy. The defendants (that is, the credit-reporting bureaus)

Why Capital Is a Poor Predictor of Bank Failures

The fact of the matter is that banks can manipulate earnings, and consequently capital, through decisions about loss provisioning.

Have Your Cake and Eat It Too: Defendants in Insider Preference Actions under State Law May Doubly Benefit from the New Value Defense

“What I got I double / I swear I’m keepin’ out of trouble / I’m lookin’ for … new value” – Iggy Pop The “new value” defense to certain preference actions may have just become a lot more valuable, allowing some preference defendants to earn a double

Two Traps in the Arizona Anti-Deficiency Laws

Arizona real estate values continue to stay stagnant. Even with a shortage of houses in the Phoenix market home values have not gone up. Many of us feel trapped in our home mortgages and owe far more on the house than it is worth You might be

Chapter 13 Wage Deduction Order For Defense Industry Employees

Chapter 13 plans have a very high completion rate when debtors agree to pay using a wage deduction order. Payment is more likely when deducted from your paycheck as opposed to having to discipline yourself to give the Chapter 13...

Can I Avoid Getting Sued by Filing Bankruptcy?

There are different options available that may help you avoid getting sued but if often depends on your personal situation. If you are able to make payments you may consider debt consolidation, debt settlement or work out an agreement with your

NewPage Seeks to Shield Officials from Investor Grilling

NewPage Corp. says its executives are in danger of being treated like pawns as second-lien investors seek to probe the company’s plans for bonuses. A bankruptcy judge has scheduled an emergency hearing Wednesday on the company’s bid to protect

The Daily Docket: Avenue Owner Seeks Bankruptcy; Versa to Buy Assets

Plus-sized clothing retailer United Retail Group, which owns more than 400 Avenue stores, filed for Chapter 11 bankruptcy as it looks to sell itself to the private-equity firm Versa Capital Management. Read the Dow Jones Newswires story in Daily

Mama Don't Take My Kodachrome Away!: Kodak's Chapter 11 -- A Bridge Over Troubled Water

Eastman Kodak Company's bankruptcy is another in a string of recent chapter 11 filings by established brand names that lack a clear exit strategy (others are Borders, Hostess,

Bankruptcy and Debt

Filing for bankruptcy can be a very personal and emotional decision. You are probably worried about a number of things, including what filing for bankruptcy will do to your credit now and in the future. Bankruptcy certainly will affect your credit