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

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Exceptions to an Automatic Stay

An automatic stay goes into effect the instant you file your bankruptcy petition. This may seem like a huge relief, finally those harassing phone calls will stop and you don’t have to worry about your possessions being repossessed or foreclosure, at

Edward Davey sees the merits of a single insolvency regulator

In a statement on insolvency practitioner regulation today (20.12.11) The Minister for Employment Relations, Consumers and Postal Affairs [and Insolvency] recognised strong stakeholder support for an independent single regulator. Announcing the

Last Chance for 50-State Coalition to Help Wronged Borrowers

If a meaningful deal isn't done in January, it will be time to admit that lenders' attorneys outfoxed the state AG coalition and to let the states look after their own interests.

Mo. firms seek involuntary bankruptcy for Mamtek

"A Missouri bank has joined with four companies seeking to force a failed artificial sweetener factory in Moberly into an involuntary bankruptcy case." Read more here.

How Long Can The IRS Collect From Me?

Bankruptcy is not always the best way to get rid of federal tax debt. Given enough time, the tax may just go away. The IRS is given 10 years from the date the tax is assessed to collect in most cases by 26 USC §6502, a section of the Internal Revenue

2012 Proxy Season: Early Filers Disclose the Impact of 2011 Say On Pay Voting Results

Proxy season 2012 has begun and we’re beginning to see disclosure on the impact of last year’s say on pay voting results. As of December 16, 2011, 14 large accelerated filer companies have filed proxy statements for the 2012 season. These proxy

2012 Proxy Season: Early Filers Disclose the Impact of 2011 Say On Pay Voting Results

Proxy season 2012 has begun and we’re beginning to see disclosure on the impact of last year’s say on pay voting results. As of December 16, 2011, 14 large accelerated filer companies have filed proxy statements for the 2012 season. These proxy

Cuts for the Already Retired

By MARY WILLIAMS WALSH Retired police and firefighters from Central Falls, R.I., have agreed to sharp pension cuts, a step thought to be unprecedented in municipal bankruptcy and one that could prompt similar attempts by other distressed governments

Drop It Like It’s Hot – Abandoning Property of the Estate

We have all been there – you pull that delicious reheated chili from the microwave only to feel the radiated bowl burning through your fingers as you scamper to sit it on the counter. Thankfully, because of the Bankruptcy Code and its interpretation

Fail the Means Test and Still File Chapter 7 Bankruptcy?

Some people who fail the Means Test aren’t satisfied with the option of filing for a Chapter 13. There is still a chance that you can file for a Chapter 7 bankruptcy but you’ll have to prove that you have a special circumstance that requires a review

The Daily Docket: Doral to Hit Auction Block

The owner of several luxury resorts has won permission to place its Doral Golf Resort & Spa on the auction block, with a $150 million bid from Donald Trump’s hotel group leading the way. Read the Daily Bankruptcy Review article here. Money Tree Inc

Wisemen Cometh - with 2012 (& beyond) predictions (Tough? Good? Tepid?)

This is the time of year when the Wisemen come. While in law school, I was a teaching assistant for a very popular Economics professor at UT Austin. One of his favorite sayings was this: "thousands of years ago, the wisemen looked to the stars for

Wisemen Cometh – with 2012 (& beyond) predictions (Tough? Good? Tepid?)

This is the time of year when the Wisemen come. While in law school, I was a teaching assistant for a very popular Economics professor at UT Austin. One of his favorite sayings was this: "thousands of years ago, the wisemen looked to the stars for

Wage Garnishment in a Chapter 7 Bankruptcy

A wage garnishment is one of the most devastating forms of collecting a debt. General creditors, such as credit cards and medical bills, can often take up to 25% of the debtor’s net pay. Debts owed to taxing authorities, such as the IRS, more may be

2012 Proxy Season: Early Filers Disclose the Impact of 2011 Say On Pay Voting Results

Proxy season 2012 has begun and we’re beginning to see disclosure on the impact of last year’s say on pay voting results. As of December 16, 2011, 14 large accelerated filer companies have filed proxy statements for the 2012 season. These proxy

2012 Proxy Season: Early Filers Disclose the Impact of 2011 Say On Pay Voting Results

Proxy season 2012 has begun and we’re beginning to see disclosure on the impact of last year’s say on pay voting results. As of December 16, 2011, 14 large accelerated filer companies have filed proxy statements for the 2012 season. These proxy

Who controls the Section 529 savings account?

Parents or grandparents are usually the 529 plan account owners, but there are two exceptions.

Friend, fan and follow for credit card gains

Credit card companies try to reach customers through social media. Does it pay to connect?

How to plan your finances for a chronic illness

Consider these strategies to help prevent the financial pain of a prolonged disability.

Does the bank take your house in bankruptcy?

Homeowners sometimes use bankruptcy as a delay tactic when facing foreclosure.