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

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Administrators' appointment valid - Minmar not followed by Norris J

The failure of directors to notify the company, in accordance with Paragraph 26, Schedule B1, Insolvency Act 1986, of their intention to appoint administrators does not necessarily render the administrators' appointment invalid. In two carefully

Do It Yourself Debt Settlement

Credit card and medical debt can often be settled for pennies on the dollar. You do not need to hire a fancy fly by night late night television advertising debt settlement company to settle your debt. Give it a try yourself. You will probably realize

5 ways to rescue a home sale verging on failure

Too many home sales fall through because of glitches. Don't give up just yet.

Mortgages rise but refinances remain attractive

Mortgage rates crept up from a record low, and there's still room to refinance.

4 risky places to swipe your debit card

When you swipe your debit card in these spots, you may find someone swiping your money.

6 good ways to reel in discount movie tickets

Savvy moviegoers can save money at the box office and still catch the latest releases.

Clue into insurance errors on report

The CLUE report holds claims data that firms use before insuring someone. You can contest it.

When to choose bankruptcy over debt management

Bankruptcy and debt management are two ways to get out of debt. Which is right for you?

They're rich and famous and in foreclosure

A box-office hit or a famous name isn't enough to keep your home these days.

Do You Owe What I Owe? Bankruptcy Attorney’s Riff on Christmas Carol

Last year St. Louis bankruptcy attorney Wendell Sherk published his riff on a popular Christmas song – Do You Owe What I Owe? We thought it worthy of sharing it with you again this holiday season. (To the tune of “Do You Hear What I Hear?”) Said the

Bankruptcy Mistakes That Bite Back

You may think you’re ready to file for bankruptcy – but unless you have the aid of a bankruptcy lawyer by your side, you could end up making a crucial mistake that will ruin your finances for years. Pointing out that bankruptcy is complicated is

Over Trustee's Objections, Former Howrey Bankruptcy Counsel to be Paid in Full

"In a single declarative sentence, U.S. bankruptcy court judge Dennis Montali captured the essence of what was at issue during a nearly two-hour hearing Wednesday over professional fee applications in the Howrey bankruptcy: 'This is not an ATM

A Fearless Foreclosure Forecast for 2012

Occupy Wall Street will enlist the aid and support of B, C, and D-list celebrities in numerous REO takeovers around the country. And other bold predictions.

Insider Knowledge of Missing Money in MF Global’s Bankruptcy

Reports from the Christian Science Monitor indicate that former New Jersey Governor and CEO of MF Global Jon Corzine may have known about the use of client money in a loan to one of the company’s European partners. The report is just the latest in

Sole Proprietors vs. Corporations In Bankruptcy

There are some important differences in the way bankruptcy courts treat sole proprietors versus corporations. Let’s take a look at a few: Individual vs. Corporate Entity The bankruptcy trustee will view a sole proprietor’s business assets the same as

The Daily Docket: Hedge Funds Sue Delphi

A handful of hedge fund companies that specialize in buying up the distressed debt of bankrupt businesses are suing Delphi Automotive PLC and some of its biggest backers, claiming the newly public auto-parts supplier is shortchanging them on a

All aboard! – Owner of Las Vegas Monorail Fails to Ride Out of Bankruptcy

On November 18, 2011, the United States Bankruptcy Court for the District of Nevada entered an order denying confirmation of the chapter 11 reorganization plan proposed by Las Vegas Monorail Company (LVMC) for lack of feasibility. Early in its

The Value(s) of Foreclosure Law Reform?

As Alan White reported recently, the Uniform Law Commission in the U.S. has named a committee to consider the need for and feasibility of proposing a uniform foreclosure act and to report back to the ULC by early 2012. A letter from the ULC president

American Laser Centers files for chapter 11

"American Laser Centers LLC has filed for bankruptcy protection along with its parent, as a weak economy dampened demand for its laser hair removal treatments leading to cash constraints, court documents showed." Read more here.

Community Banks Should Ask for a Divorce

It's time for community banks to differentiate themselves from the big banks in the eyes of the public, the legislatures and the regulatory community.