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

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Infographic: Which presidential candidate is the richest?

The $400K presidential salary is just a drop in the bucket for these presidential candidates.

Buy car rental coverage in your auto insurance?

The added cost of car rental coverage in your auto insurance isn't much, but will you use it?

Student loan changes to help low-income borrowers

Federal loans will be cheaper for some borrowers and those who consolidate certain loans.

How much are the 2012 candidates worth?

Check out the net worth of the 2012 presidential candidates, and see how they make their money.

Is an annuity right for your retirement?

An annuity is one type of investment for retirement. Before you buy, answer these questions.

JPMorgan Chase Accused of Bankruptcy Fraud in Class Action Suit

A class action lawsuit being brought against JPMorgan Chase alleges that the bank engaged in fraudulent activity in tens of thousands of bankruptcy cases. The suit claims that the bank actively deceived many people involved in the bankruptcy process

Pre-packs endorsed by the Government

After examining the use of pre-packs as an insolvency tool, the government has abandoned the idea of legislating to give notice to creditors in all pre-packs and concluded that: "Pre-pack sales can offer a flexible and speedy means of business rescue

Hostess’s Chemical Imbalance

By Rachel Feintzeig and Joseph Checkler Melanie Cohen Imagine your favorite Hostess treat without the eggs? The sugar? The flour? Or, God forbid, the calcium propionate? That’s the world Hostess Brands Inc.’s vendors might make us live in now that

Mobile Wallet's Missing Ingredient: a Reason to Use It

Cash and traditional cards are entrenched. Without rewards, the digital wallets are unlikely to make a dent.

The Right Questions to Ask Your Dallas Bankruptcy Lawyer

When it comes to interviewing your Dallas bankruptcy lawyer, there’s the right way to go about it – and then there’s the way that could cause you to accidentally hire a sub-par attorney. The truth of the matter is that interviewing potential

Divorce and Bankruptcy: Protect Yourself

When you are going through a divorce, you have to think about your financial future. A bankruptcy lawyer can help you protect your finances and your property. Even if the divorce decree says that your ex-spouse is supposed to pay the debts, your

Next Round of Stress Tests May Be Destabilizing

Historically, regulators and bankers would have made a strong case that this kind of supervisory effort, however important, should absolutely be kept private.

March 19, 2012 Trial Date for Madoff Trustee’s Claims Against Owners of NY Mets

We have been f ollowing the developments in the saga of Irving Picard’s claims against the owners of the NY Mets. Our colleague Ben Feder (who edits Bankruptcy Law Insights) has a detailed post summarizing recent developments in the Madoff Trustee’s

Two Companies Adopt Proxy Access Provisions in Response to Shareholder Proposals

Western Union recently submitted a no-action letter to the SEC Staff seeking to exclude a binding proxy access shareholder proposal from Norges Bank, arguing under Rule 14a-8(i)(9) that the company is submitting a conflicting management proposal to

Two Companies Adopt Proxy Access Provisions in Response to Shareholder Proposals

Western Union recently submitted a no-action letter to the SEC Staff seeking to exclude a binding proxy access shareholder proposal from Norges Bank, arguing under Rule 14a-8(i)(9) that the company is submitting a conflicting management proposal to

Illinois AG Sues Standard & Poor’s Over MBS Ratings

This morning, numerous news outlets reported on a suit by the Illinois Attorney General, Lisa Madigan, against Standard & Poor’s (“S&P”) relating to S&P’s ratings and analysis of residential mortgage backed securities (“RMBS”) and collateralized debt

What is the Difference between Debt Settlement and Bankruptcy?

Dealing with debt is common among many consumers but when you have too much of it, debt can make your life miserable when it gets out of control. While there are options to help you resolve debt issues it’s important to review them carefully before

The Daily Docket: Ener1 Enters Bankruptcy

Electric car battery maker Ener1 Inc., whose subsidiary received a $118.5 million grant from the U.S. Department of Energy, on Thursday filed for Chapter 11 bankruptcy protection. Click here to read the article in DBR Small Cap. The trustee unwinding

Massachusetts Bankruptcy Cases Down in 2011

Personal bankruptcies were down in 2011, for the first time in several years, according to preliminary reports. The estimate is that 1.35 million personal bankruptcies were filed in the United States, which was down approximately 12.5% from 2010. As

Absent “Clear Abuse,” Shareholders Continue to Control Company During Chapter 11 Case

It is well-settled law that corporate governance rules continue to apply during a chapter 11 case, unless a chapter 11 trustee has been appointed. With respect to a public company, the debtor’s board of directors continues to manage the affairs of