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

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At What Point Does a Dispute Become Bona Fide?

At a time when more and more creditors are opting to file involuntary petitions against recalcitrant borrowers, the precise meaning and import of section 303 of the Bankruptcy Code is becoming increasingly important. Pursuant to section 303(b)(1), an

Checkmate: Third Circuit Holds Automatic Stay Bars Participation in U.K. Pension Proceedings

A recent decision by the Third Circuit in the Nortel Group bankruptcy reinforces the worldwide reach of the automatic stay and the narrow scope of the police power exception under section 362(b)(4) of the Bankruptcy Code. In Nortel Networks, Inc. v

Eastman Kodak Files for Chapter 11 Bankruptcy

Photography giant Eastman Kodak filed for Chapter 11 bankruptcy protection Thursday morning in the Southern District of New York. The company intends to continue business operations during the restructuring, and the company has secured $950 million

Top Ten Bankruptcy Myths Countdown: #8 Bankruptcy Will Ruin Future Credit

One of the concerns about filing for bankruptcy is that those folks will never be able to obtain credit again after filing for bankruptcy protection and assistance. Most times, nothing could be further from the truth as bankruptcy may actually

Redressing Debt Collection Abuses In Bankruptcy Court

Some people file bankruptcy mainly to end what they consider to be harassment by debt collectors. Enthusiastic and aggressive bill collectors often use collection tactics that violate protections afforded debtors by the federal Fair Debt Collection

Mortgage refinancers rush to avoid fee increase

Borrowers are crowding mortgage offices to refinance before higher fees go into effect.

Do nonresident investors pay capital gains tax?

Is it really true nonresidents don't have to pay taxes on capital gains tax on stocks?

5 cars to fulfill your New Year's resolution

These cars can help you save money and shed pounds. Drive on to a New Year's resolution.

Snag lower rates with serial refinancing?

Serial refinancing is usually a bad idea, but there are exceptions that make it a smart move.

Pay down HELOC with balance transfer offer?

While an offer sounds tempting, transferring your home loan to a credit card may be risky.

The Hidden Cost of Free Money

Banks are receiving huge inflows of non-interest bearing deposits, and are in effect investing the funds in safe and liquid government-backed securities. Great now, but not so good for the long term.

Protect Your Identity During and After Bankruptcy

It’s safe to say that filing for bankruptcy is one of the few times in your life when you’ll expose every financial detail about yourself. From credit reports to tax returns, no financial stone will be left unturned – and that can lead to some

On January 18, 2012, Buffets Restaurants Holdings, Inc. and Several Affiliates (collectively, the "Debtors") Filed for Chapter 11 Protection in the U.S. Bankruptcy Court for the District of Delaware

Buffets Restaurants Holdings, Inc. Files for Chapter 11 Protection for the Second Time in Four Years. The petition lists both assets and liabilities between $100 million and $500 million. The case has been assigned to Judge Mary F. Walrath and is

On January 18, 2012, Buffets Restaurants Holdings, Inc. and Several Affiliates (collectively, the "Debtors") Filed for Chapter 11 Protection in the U.S. Bankruptcy Court for the District of Delaware

Buffets Restaurants Holdings, Inc. Files for Chapter 11 Protection for the Second Time in Four Years. The petition lists both assets and liabilities between $100 million and $500 million. The case has been assigned to Judge Mary F. Walrath and is

Bankruptcy on Tap for Former Pabst Building

Grab your cheeseheads, Bankruptcy Beat readers. We’ve got a new Chapter 11 filing on tap that blends together two of Wisconsinites’ favorite things: beer and the Green Bay Packers. BC Pabst Holdings LLC, which court papers show filed for bankruptcy

Third Circuit Revives Claims for Deepening Insolvency and Breaches of Fiduciary Duties In Action Against Lemington Home Officers and Directors

Although commentators and courts have questioned the viability of an independent cause of action for deepening insolvency, Federal Courts interpreting Pennsylvania law will continue to hear such claims. This development occurred in the recent Third

Letter to SEC Urges Regulation of Proxy Advisory Firms

The Shareholder Communications Coalition, a group that includes the Business Roundtable, the National Investors Relations Institute and the Society of Corporate Secretaries and Governance Professionals, recently sent a letter to the SEC advocating

Letter to SEC Urges Regulation of Proxy Advisory Firms

The Shareholder Communications Coalition, a group that includes the Business Roundtable, the National Investors Relations Institute and the Society of Corporate Secretaries and Governance Professionals, recently sent a letter to the SEC advocating

Ask Questions Before Shooting Money Market Funds

Former Comptroller of the Currency John D. Hawke, Jr. responds to readers who commented on his previous post .

What Helps Determines If You Should File For Bankruptcy?

Bankruptcy may be your best option if you have exhausted other debt reduction options and still find yourself falling further behind . Even if you have filed bankruptcy in the past, you may qualify to file again. If you are considering bankruptcy it