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

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Single Asset LLC's Chapter 11 Petition Dismissed As Bad Faith Filing

In re: Jer/Jameson Mezz Borrower II, LLC, Case No. 11-13338 (MFW) (December 22, 2011) On October 18, 2011 (the “Petition Date”), debtor JER/Jameson Mezz Borrower II (“Mezz II”) filed its Chapter 11 petition on the eve of a UCC auction for Mezz II’s

Investors No Longer Speculative of Junk Debt

EPA Compared to 1980, a lot is different today about investors and investing. But it’s hard to imagine that any other change has had as great an effect on our current financial climate than the growth of investor comfort with less-stable debt. It’s a

Loan mod denied and posted for foreclosure? We hear that a lot!

Don't Let It Get This Far, If You Want to Save The House I have a number of prospective clients come in that are posted for foreclosure, and it is a common refrain from them that their loan modification application has been denied. The mortgage

The Broke and the Beautiful: Show Me the Bankruptcy! Edition

This week, two sports agents received bankruptcy-related news, and the Dodgers fielded some new bidders. Also, Toni Braxton was hospitalized for lupus, and Nadya “Octomom” Suleman’s fertility doctor filed for bankruptcy. Associated Press Leigh

What the Media Doesn't Get About Small Business Lending

A recent Los Angeles Times story, though a masterpiece of illogic, illustrates how unsound lending and loan administration naturally culminate in destructive servicing decisions.

Avoiding Bankruptcy? Then You May Be in Debt for Life

The title of this article might shock you; after all, you’re avoiding bankruptcy because you want to maintain good financial behavior. Everyone has been telling you that bankruptcy will ruin your credit for life, and you’re not ready to give up the

A Little Reminder: That /s/ Means Something

Being a member of the legal profession is a privilege that is afforded to those of us who are willing to complete three years of law school, to spend hundreds of hours studying for (and passing) the bar exam, and to swear an oath of admission before

Update: Justice Bransten Rules On MBS Causation Motions

We previously posted about the October 5, 2011 hearing before Justice Eileen Bransten in the New York Supreme Court’s Commercial Division in MBIA Ins. Co. v. Countrywide Home Loans, Inc., et al. (Index No. 602825/08), during which Justice Bransten

Aurora Bankruptcy Lawyer On Bankruptcy, Chapter 7, and Credit

Link Bankruptcy laws are provided under the United States Constitution and they are a federal right that is afforded to people who are honest, who just simply need a fresh start. If you are someone who lost your job or if you are someone who had a

Waukegan Bankruptcy Lawyer Discusses Chapter 7 Relief

Link One of the questions that I’m often asked as a Chapter 7 bankruptcy attorney is do you think that I should file for bankruptcy relief? Filing for bankruptcy is a personal question that really can only be answered by you. I, as your attorney, can

The Daily Docket: Hostess Can Borrow on Loan

A judge on Thursday said Hostess Brands Inc. could begin borrowing on a $75 million loan from a lender group led by Silver Point Capital LP one day after the maker of Twinkies and Wonder bread filed its second Chapter 11 bankruptcy case in less than

How to Locate a Great Bankruptcy Lawyer in Dallas

When it comes to declaring a Chapter 7 or Chapter 13 bankruptcy, it’s crucial to have the right team of experts by your side. That’s why locating and selecting a great bankruptcy lawyer in Dallas is one of the most important steps you’ll take when

Milwaukee Judge Cites Bankruptcy Preparer for Contempt

The Milwaukee-Wisconsin Journal Sentinel’s Cary Spivak reported on the latest ruling cracking down on the “hotbed for bankruptcy petition preparers” that is Milwaukee. Chief Bankruptcy Judge Pamela Pepper cited Jennell McKinley for contempt of court

Pandit Risk Transparency Proposal Falls Short

Making banks show the rigor of their analysis through what-if exercises is all well and good. But investors would be better served if auditors had to tell more about the risks their clients are taking.

Your Favorite Business Bankruptcy/Restructuring Lingo: A Word of Thanks

Just a word of gratitude to readers for providing great responses to the prior call for corporate bankruptcy lingo. Thanks to your help, UNC Law's advanced business bankruptcy students are collaboratively examining such terms through a wiki and this

Bankruptcy Filings Decline Nationally for 2011

Bankruptcy filings declined by nearly twelve percent in 2011 from the year before. There were approximately 1.4 million bankruptcies filed overall. Roughly seventy percent of those filed cases were Chapter 7 Bankruptcy cases and about a third were

The skinny on paying estimated taxes

Besides the annual April tax deadline, some filers have to pay estimated taxes on a quarterly basis.

Boost savings before you prepay your mortgage

With excess income, consider surprise emergencies before prepaying your home loan.

Why taking a second job is a good career move

It's not only about the extra income. There are surprising benefits to holding a second job.

How to stay afloat on your car loan

Sounds simple, but don't buy a car you can't afford. Shop within these guidelines.