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

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2012 presidential candidates and their homes

From oceanfront estates to golf-course McMansions, here's how the candidates live.

Exceptions in capital gains tax on home sale

A home sale delay endangers the owners' capital gains tax exclusion. Can this break be saved?

Hardship Discharge in Chapter 13 Bankruptcy

In the years after a Chapter 13 Plan is confirmed, circumstances, such as job loss, disability and long term illness, may arise that conspire to keep a debtor from completing the Chapter 13 Plan. When such situations arise, the debtor may request

What is a Bankruptcy Discharge?

The bankruptcy discharge means freedom from debt. That's my son, Max. Written by Craig D. Robins, Esq. The general objective in filing a consumer bankruptcy is to eliminate debts. At the conclusion of a Chapter 7 or Chapter 13 bankruptcy case, the

Ace Out-of-the-Ordinary Interactions to Win Loyal Customers

Banks must boost their ability to deliver exceptional experiences at those critical "moments of truth" that matter most to consumers, such as replacing a lost or stolen credit card or negotiating a loan.

Bankruptcy Regulations That Could Affect You

Bankruptcy can certainly come in handy when it’s time to protect your finances – and your mental well-being. After all, if you’ve been struggling to repay insurmountable debts for years now, filing for a Chapter 7 or Chapter 13 bankruptcy can give

The Broke and the Beautiful: Joe Torre Edition

This week on The Broke and the Beautiful, Joe Torre heads to bat for a Dodgers bid, and “Next 50” may finally be over. Also, a “Real Housewife” will meet up with Donald Trump. Associated Press Joe Torre New year, new Los Angeles Dodgers. Or so hopes

Use Bankruptcy to Avoid Foreclosure

People that have recently found themselves in a rough spot financially may be feeling overwhelmed and stressed out. At times like this it’s tempting to stick your head in the sand and avoid all of your problems. But facing them head on may be the

Borders Gift-Card Holders Demand Payment

Reuters Borders closed the last of its giant bookstores in September. But some readers didn’t get the memo. Despite the retailer’s well-publicized bankruptcy liquidation and months of store-closing sales, at least two gift-card holders recently tried

Treasury's on First, FHFA's on Second, I Don't Know's on Third

There's more confusion in the Obama administration's policy response to the foreclosure crisis than an Abbott and Costello routine. Now the Fed steps up to the plate.

Without Bankruptcy Option, Are Student Loans Predatory?

A recent article on Forbes.com lashes out against the state of student lending and student debt in the United States. The author makes several salient points regarding the problems surrounding student debt, which cripples many graduates largely

The Right Kind of Broke? Judge Weighs Deeply Insolvent County's Eligibility For Chapter 9 Protection

The travails of Jefferson County, Alabama are well known. Ordered by a federal court to upgrade its sewer system in the late 1990’s, the project was marred by corruption, cost overruns and financing with complex derivatives that ultimately saddled

Does Bankruptcy Affect Lawsuits that are Pending?

In many cases, bankruptcy can affect lawsuits pending against you depending on the chapter filed. Chapter 7 bankruptcy discharges debt while Chapter 13 restructures debt. It’s common for consumers to seek bankruptcy protection if being sued but

"Robo-Signing" Gets Sanctioned: Mortgage Foreclosure Law Firm's Reliance on Third-Party Computer Records Does Not Amount to Reasonable Inquiry Required by Rule 11

Michael Trainor In In Re: Niles C. Taylor, 2011 U.S. App. Lexis 17651 (March 22, 2011), the U.S. Court of Appeals for the Third Circuit considered whether two lawyers, their law firm, the managing partner of the law firm, and their client could be

When Is a Debtor Really Off the Hook on a Rejected Lease? (The Answer May Not Be as Simple as You Think)

We often assume that rejection of an unexpired lease or executory contract in bankruptcy automatically results in the termination of the lease or contract, even though section 365(g)(1) of the Bankruptcy Code simply states that rejection constitutes

The Daily Docket: Lehman Fights Over Archstone

Lehman Brothers Holdings Inc. sparred in court Thursday with Bank of America Corp. and Barclays PLC over the future of the Archstone apartment company if a big stake in the firm ends up in the hands of its biggest rival, Sam Zell’s Equity Residential

Too Proud to File Bankruptcy? Think Again.

Most persons with debt problems are, at least intially, highly resistant to the idea of filing for bankruptcy. Filing chapter 7 or chapter 13 is often viewed as taking the easy way out, or looked at as a good way to ruin one’s future credit rating

Greek VoluntaryInvolutary DealNoDealDeal: Convolution Eupdate

Will Greece reach a voluntary deal with its creditors to write down its debt by 50% in the coming weeks? Will it default? ... or will its official patrons blink, pay up, and let the creditors off the hook? I hear at least two uber-expert Euro

5 reforms in health care law that start in 2012

Major changes to health care will roll out this year as part of the Affordable Care Act.

Should you let lender repossess your worthless car?

If the cost of repairing your car is higher than its value, repossession is one avenue to take.