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

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Laboratories of Democracy and the Commissioners of Uniformity

States have passed a variety of changes to foreclosure laws and court rules in response to the foreclosure crisis, including new notice and mediation requirements to stimulate workouts between lenders and borrowers. Some of these laws have been found

iPads Proving Technology of Choice for Many Lawyers

A report in the New York Daily Record notes that lawyers in large numbers are reporting using—and loving—their iPads. This report suggests that bankruptcy lawyers and others are embracing new technology to interact with clients in new and exciting

American Seeks Bankruptcy Protection

American Airlines and its parent company, AMR Corp. has filed for Chapter 11 bankruptcy protection. American, which was the only airline to avoid bankruptcy after the September 11 th terrorist attacks in 2001, has fallen behind competitors who used

The Dangers Of Using A Bankruptcy Petition Preparer

Many debtors believe they can’t afford to file bankruptcy; but at the same time they know that without bankruptcy they won’t have the power to protect their income and assets from aggressive creditors. Unfortunately, the solution they come up with is

The Daily Docket: Dodgers Keep Chapter 11 Control

Fox Sports faced a skeptical judge Wednesday, when it launched its attack on the Los Angeles Dodgers’ plan to put the team’s future broadcast rights on the bankruptcy auction block. Read the Daily Bankruptcy Review article here. Nevada Cancer

Preparing For Bankruptcy

When you are considering a trip, usually, you make substantial preparations in anticipation of that trip. You make travel arrangements; you make sure you have a place to stay; you make reservations for any activities in which you wish to participate

Defaulted Hotel (California) Loans: Nice Story in Bloomberg; Here are some practical tips

Nadja Brandt and Kara Wetzel with Bloomberg have a nice piece on the scope of and challenges in dealing with defaulted hotel loans in CMBS pools. It is a good read. And it has been picked up or syndicated in other news media. As I've noted before

Bankruptcy Or Not, Student Loan Debt Will NOT Be Repaid

It is just a fact that the over one trillion (uh, yeah, not billion, not hundreds of billions, trillion) dollars of student debt now outstanding in our fair land will not be repaid. Because the graduates will not generate sufficient income to pay it

5 tips to deal with a divorce in a downturn

Divorce is never easy, but it can be especially hard during hard times. Here's how to cope.

How businesses can write off their expenses

Section 179 deduction and bonus depreciation let businesses write off expenses more quickly.

Why transfer from your old to new 401(k) plan?

When switching jobs, you can roll over your 401(k) to your new plan, but is it the right move?

10 college degrees that yield high-paying jobs

Math and science degrees lead to rewarding jobs. Try these majors.

Eager homeowners clamor to refinance under HARP

Mortgages are as dormant as winter grass. Will rates rise before HARP 2.0 blooms in spring?

Are late payments stuck on credit report?

Late payments are a blemish to any credit report, but there are ways to help erase them.

Bankruptcy: Reality or Fantasy

Chip's Jedi powers. When you file for bankruptcy you must ask yourself are you in a reality or fantasy frame of mind? When I was young , one of the professions I pursued and dreamed about was being an actress. I trained, auditioned and actually took

The Pivotal Moment to Apply for a Dallas Bankruptcy

When it comes to the motivation behind applying for a Dallas bankruptcy (be it a Chapter 7, 11 or 13 bankruptcy), there are financial dry spells – and then there are financial emergencies. And unless you can tell the difference between the two, then

Will the FSOC Be a Bully or a Band of Equals?

The heads of the independent regulatory agencies who sit on the Financial Stability Oversight Council would do well to remember that their own independence could also be invaded if a majority of their colleagues on the council had different views on

Patent Battler Ends Up in Bankruptcy Court

Associated Press FedEx and UPS cargo planes sit on the tarmac at Hartsfield-Jackson Atlanta International Airport. If you’re an online shopper who has recently shipped a purchase from a major retailer like Macy’s, Target or Amazon.com overseas, Ed

In Google Wallet Fight, Verizon Plays Old-School Telecom Hardball

Four reasons Verizon's smackdown of Google Wallet is bad for banks and consumers.

Why Have the Number of Bankruptcy Filings Gone Down a Bit From Last Year?

Why Have the Number of Bankruptcy Filings Gone Down a Bit From Last Year? 1. Banks have tightened their lending rules for the last two years. For years, banks doled out credit cards like beer nuts to consumers. It used to be that that banks almost