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

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Medical Bankruptcy: A Timing Issue

Medical bills seem to grow exponentially, one visit to a doctor is bad enough but when there are additional tests and treatments added to the bill, visits and consults with specialists and then huge prescription charges; well, suddenly you’re

Doak’s Application to Be Southern Montana Lawyer Withdrawn

Sometimes in bankruptcy, as in poker, you’ve gotta know when to hold ‘em and when to fold ‘em. So with an agreement filed Wednesday, Jon Doak decided to lay ‘em down. After months of attempts by members and creditors of the Southern Montana Electric

Replace GSEs with Private Investors, Pass the Garrett Bill

The main goal of this legislation is to replace the insolvent secondary market dinosaurs with a private market solution by encouraging investors to participate and increase liquidity.

Aurora Bankruptcy Lawyer Talks Chapter 13

Link Once your case is confirmed and you’re making your payment plan, everything proceeds according to schedule until, of course, you do something that is not proper under the Bankruptcy Code. First, you might decide that you are not going to make

Joliet Bankruptcy Lawyer On Chapter 13 Dismissals

Link If your case is dismissed, you will have an option, in most cases, to re-file the bankruptcy. By re-filing a bankruptcy, you are going to have to submit to the credit counseling session, the providing of tax returns and the providing of pay

Freshness Never Looked So Disheartening: Hostess' Round Trip to Bankruptcy Court Begins

As noted in Steve Mufson's excellent summary in today's Washington Post (made all the more excellent by having quoted me!), the iconic Hostess Brands fell into bankruptcy yesterday. As with every bankruptcy case, the best summary is found in the "

Why the CFPB Will Resonate on the Campaign Trail

Bank lobbyists tend to dismiss the importance of the consumer agency as a voting issue in the presidential campaign. Here's why they shouldn't.

Bankruptcy in Dallas: What You Need to File

There’s no denying that it’s time to file for bankruptcy. You’ve been struggling with insurmountable debts for several years now, and it’s not getting better anytime soon. The debts are piling up, creditors are pounding on your door, and you’ve been

The Problem with Prepaid - Suze Orman Edition

To those of us with checking accounts, prepaid cards will never make sense. We're not used to seeing fees displayed and charged so prominently.

NY Mets Taking First Step Toward Bankruptcy?

In a statement released last week, the New York Mets (i.e. the city’s non-Yankees baseball team) announced that it was enlisting the help of a financial firm known as a “turnaround specialist and bankruptcy consultant,” as the New York Times puts it

Can I Stop IRS Wage Garnishment After it has Started?

Stopping a garnishment enforced by the Internal Revenue Service (IRS) can be done by utilizing several options. The main objective is to settle what you owe in taxes by working with the IRS or a tax expert to determine the best solution for your

The Daily Docket: Ernst Seeks Dismissal of Lehman Suit

Ernst & Young is asking a federal judge to dismiss a lawsuit filed by the New York Attorney General accusing the accounting giant of helping Lehman Brothers Holdings Inc. disguise its financial condition while collecting more than $150 million in

On January 10, 2012, Peak Broadcasting, LLC and Several Affiliates (collectively, the "Debtors") Filed for Chapter 11 Protection in the U.S. Bankruptcy Court for the District of Delaware

Peak Broadcasting, LLC Files for Chapter 11 Protection. The petition lists both assets and liabilities between $50 million to $100 million. The case has been assigned to Judge Peter J. Walsh and is being administered under case number 12-10183

Peak Broadcasting, LLC Files for Chapter 11 Protection

On January 10, 2012, Peak Broadcasting, LLC and several affiliates (collectively, the “ Debtors”) filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware. The petition lists both assets and liabilities between $50

Peak Broadcasting, LLC Files for Chapter 11 Protection

On January 10, 2012, Peak Broadcasting, LLC and several affiliates (collectively, the “ Debtors”) filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware. The petition lists both assets and liabilities between $50

On January 10, 2012, Peak Broadcasting, LLC and Several Affiliates (collectively, the "Debtors") Filed for Chapter 11 Protection in the U.S. Bankruptcy Court for the District of Delaware

Peak Broadcasting, LLC Files for Chapter 11 Protection. The petition lists both assets and liabilities between $50 million to $100 million. The case has been assigned to Judge Peter J. Walsh and is being administered under case number 12-10183

2011 Personal Bankruptcies Down 12%. 2012 Expectations???

According to a new report from Fitch Ratings, 2011 personal bankruptcy filings declined by 12% to 1.35 million from the year earlier. It was the first decline in four years, possibly resulting from somewhat improved economic conditions and decreased

The Stern Files (fifth edition)

It is a new year, and it is still unclear what long-term consequence the Supreme Court’s decision in Stern v. Marshall, No. 10-179, 131 S.Ct. 2594 (June 23, 2011) will have for the jurisdiction and authority of the bankruptcy courts. We are starting


Freshness Never Looked So Disheartening: Hostess' Round Trip to Bankruptcy Court Begins

As noted in Steve Mufson's excellent summary in today's Washington Post (made all the more excellent by having quoted me!), the iconic Hostess Brands fell into bankruptcy yesterday. As with every bankruptcy case, the best summary is found in the "

Foreclosure Timelines and Mortgage Delinquency: More Evidence from Bankruptcy

At the end of a lively session yesterday at Duke Law School featuring Professor Stephen Ware of University of Kansas Law School, there was a brief discussion of whether shorter foreclosure timelines and clearer rules would promote more workouts of