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

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Year of Volatility – Final True Up for the 2011 Weil Restructuring Outlook Survey

At the beginning of the year, we asked our readers to gaze into their crystal balls and tell us what would happen in 2011. We figured if anyone could predict the direction of key economic indicators in the restructuring world, it would be you. The

The Daily Docket: Lehman Australia Seeks Bankruptcy

Lehman Brothers Holdings Inc.’s Australian subsidiary is seeking bankruptcy protection under U.S. law and said its assets could include $1.3 billion to cover investors’ losses tied to synthetic collateralized-debt obligations. Read the Daily

Does Bankruptcy Credit Counseling Really Work?

Whether you declare a Chapter 7 bankruptcy or a Chapter 13 bankruptcy, the courts will require that you enroll in and successfully complete a credit counseling class before you can have your debts discharged. This is more than just a mandatory part

Foreclsoures Mimic Life: New Focus on Fees & Data (How They Met - Natur'lly)

The importance of data and the public sector's need for cash is a marriage of convenience, and necessity. It just will be. (Annie Oakley calls it " natur'lly.") In the not so distant future, pairing the two will be assumed; and there will be a short

Foreclsoures Mimic Life: New Focus on Fees & Data (How They Met – Natur’lly)

The importance of data and the public sector’s need for cash is a marriage of convenience, and necessity. It just will be. (Annie Oakley calls it " natur’lly.") In the not so distant future, pairing the two will be assumed; and there will be a short

IRS to Chapter 13 Debtors: File Your Returns by February 5!

We all know that individual tax returns are due on April 15 (or a day or two later if April 15 is on a weekend). But Congress inserted a little tax time craziness into sections 1308 and 1307 of the new and drastically unimproved Bankruptcy Code of

Hey, Mr. Postman Is That A Lawsuit?

The mail carrier brings a envelop with official looking papers that name you in a law suit. It says something about U.S. Bankruptcy Court. So what? you think. It’s not official til I’m served with papers by a human being. Due process and all… Think

Car sharing: a cheap ride when you need a lift

It has become an option to owning, but car sharing isn't for everyone. Is it right for you?

Are savings bonds the best to save for college?

Savings bonds aren't earning much compared to rising college costs. Try this option, instead.

Lender auctioned off home: What now?

Getting your foreclosed home back after the lender has sold it at auction won't be easy.

Time to hang up the phone on your landline?

More people are cutting the cord on their home phones, but there could be a safety concern.

'Mad Men's' Vincent Kartheiser on money

The "Mad Men" star knows that fame won't always last and to save while he can.

Can I Seek a Loan Modification and File Bankruptcy?

Getting a loan modification while you are struggling to pay debt can be a major concern for homeowners. Some people even accumulate additional debt while trying to save their home or prevent foreclosure. This may happen when a homeowner uses their

Acartha Group LLC and Two Affiliates File for Chapter 11 Protection

On January 8, 2012, Acartha Group, LLC (“Acartha”) and two affiliates (Acartha Technology Partners, L.P. and MIC VII, LLC) filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code. According to the petition, Acartha estimates its

On January 8, 2012, Acartha Group, LLC ("Acartha") and Two Affiliates (Acartha Technology Partners, L.P. and MIC VII, LLC) Filed Voluntary Petitions for Relief Under Chapter 11 of the Bankruptcy Code

Acartha Group LLC and Two Affiliates File for Chapter 11 Protection. According to the petition, Acartha estimates its assets between $0 and $50,000 and its liabilities between $1 million to $10 million. Later that day, Acartha filed an amended

On January 8, 2012, Acartha Group, LLC ("Acartha") and Two Affiliates (Acartha Technology Partners, L.P. and MIC VII, LLC) Filed Voluntary Petitions for Relief Under Chapter 11 of the Bankruptcy Code

Acartha Group LLC and Two Affiliates File for Chapter 11 Protection. According to the petition, Acartha estimates its assets between $0 and $50,000 and its liabilities between $1 million to $10 million. Later that day, Acartha filed an amended

Southern Montana Co-op Members Rage Against Bankruptcy Attorney

The battle to unseat Jon Doak as bankruptcy attorney for Southern Montana Electric Generation and Transmission Cooperative Inc. continued Friday, with a creditor in the case and member of the Southern Montana co-op claiming it’s Doak’s fault that its

Charter Bus Operator, Coach America, Files for Bankruptcy in Delaware Citing Recession and Increased Insurance Costs

Introduction On January 3, 2012, Coach Am Group Holdings Corp., along with certain of its affiliates ("Coach" and/or "Debtors") filed petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. Aside from Coach

01-27-2012: Not So Perfect Plans of Reorganization – Select Issues

Ronit Berkovich will speak on various reorganization issues, including negotiations, documentation of deals, and exit financing, among others. The unprecedented scope and continuation of the credit crisis, recession, and weak recovery requires

International Media Group, Inc. Files for Chapter 11 Protection

On January 9, 2012, multilingual television broadcaster, International Media Group, Inc. ("IMG") filed a Chapter 11 petition in the U.S. Bankruptcy Court for the District of Delaware. AsianMedia Group LLC and five other affiliates (collectively with