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

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It's "That Time": What are the Most Important Terms of a Guaranty?

The holiday season is behind us, but one of my favorite songs still resonates: " It's that time of year, when the . . . ." Holiday season. Fireplace. Home. But it's back to work, where . . . after being back at the law firm for several weeks, clearly

It’s “That Time”: What are the Most Important Terms of a Guaranty?

The holiday season is behind us, but one of my favorite songs still resonates: " It’s that time of year, when the . . . ." Holiday season. Fireplace. Home. But it’s back to work, where . . . after being back at the law firm for several weeks, clearly

What Is A Debt Relief Agency In Bankruptcy Reform Law?

The term debt relief agency appears in a legal context for the first time in bankruptcy law in the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 [The Act]. The first chapter of this new bankruptcy reform law can be found at Title 11

Irish Property Developers Bankrupt in the UK

Per www.globalinsolvency.com: Another Irish Developer Takes UK Bankruptcy Route Thu., January 12, 2012 A property developer who owes Ireland's so-called bad bank some 300 million euros ($383 million) followed his similarly indebted brother in

Is fiance on the hook for ex wife's mortgage?

It's smart to look at finances before taking the plunge into marriage and joint debts.

Bank ratings are secondary to insured deposits

Check Bankrate's Safe & Sound rating on your bank, but make sure your deposits are insured.

Rising mortgage fees menace record-low rates

Mortgage rates stay down, but for how much longer? Higher fees are on the horizon.

Deducting interest expense of investment property

Your mortgage interest can offset investment income from dividends, interest and capital gains.

Power Balance Sold to Chinese Manufacturer

The Asian consumer markets are next up to test out the timeless sports truism: It’s all in the wrist. The Chinese manufacturer that made thousands of Power Balance LLC bracelets got court permission to buy the California-based company after no other

Citi Responds to Story on Its Facebook App

A letter to the editor in response to "Citi's Facebook App Exposes the Perils and Rewards of Social Media," published online Jan. 3 and in print Jan. 4.

American Banker: Chase Has Halted Credit Card Collection Suits

Yesterday, the American Banker reported that Chase has stopped filing lawsuits to collect consumer debtors. Moreover, they did it quietly and quickly. With concerns over sloppy procedures in debt collection, akin to the robo-signing problems in the

Coming Soon to Score Your Company's Governance Practices: ISS GRId 2.0

As 2011 neared a close, ISS announced that it will update its Governance Risk Indicators (called GRId 2.0) on February 24, 2012 to score all Russell 3000 companies. For the first time, actual scores in each of the categories of Board, Compensation

Coming Soon to Score Your Company's Governance Practices: ISS GRId 2.0

As 2011 neared a close, ISS announced that it will update its Governance Risk Indicators (called GRId 2.0) on February 24, 2012 to score all Russell 3000 companies. For the first time, actual scores in each of the categories of Board, Compensation

Five Ways to Deal with Medical Debt

Medical debt is a huge problem across the united states with more than 60% of Americans citing it as the straw that broke the financial camel’s back, so to speak, and pushed them into bankruptcy. If you’ve amassed a hefty amount of medical debt there

Union Pension, Health Funds Top Hostess Creditor List

Paul J. Richards/AFP/Getty Images Hostess Brands Inc. filed for Chapter 11 protection Wednesday to confront the “increasing burden” of its giant union workforce on its balance sheet. That burden is borne out in the list of the Twinkie maker’s top 40

The Seventh Circuit Rules the “Nullity Rule”—A Business Attorney’s Best Friend—Is Discretionary and Not Jurisdictional

Last month (while many of us were distracted with holiday festivities), Judge Posner, writing for a Seventh Circuit panel that included Judges Bauer and Wood, issued a decision that seems noncontroversial on its face, but is the result of a two-year

The Daily Docket: Hostess Enters Bankruptcy

Hostess Brands Inc., the maker of Twinkies and Wonder Bread, filed for Chapter 11 bankruptcy protection Wednesday to confront burdensome debt and labor costs that it says have left it fighting to compete. Read the Daily Bankruptcy Review article here

Discharge of Debt

A debtor can obtain a discharge of debt by filing for bankruptcy. A discharge debt releases the individual's personal liability for many types of unsecured debts. A discharge prevents creditors from making any collections efforts upon the debtor

Missouri Bankruptcy Exemptions

In all bankruptcy proceedings certain assets are exempt from being taken, meaning that you are entitled to keep them. These assets are protected by exemptions and are defined by the state. Federal exemptions are not available in Missouri. These state

The Basics of the Bankruptcy Process

The decision to file for bankruptcy is a very important and personal decision. If you are considering filing for bankruptcy there are a number of things to consider and a number of common pitfalls to avoid. Even after making the decision to file for