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

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Judge Declares Suffolk OTB Ineligible for Bankruptcy

Melanie Cohen NYC OTB In the past two years, two of New York state’s six off-track-betting organizations faced challenges to their ability to seek bankruptcy protection with vastly different outcomes. Last week, a judge ruled that Suffolk County Off

How Soon Can Debtors Refinance A Mortgage After Bankruptcy?

Within a year or two after receiving a bankruptcy discharge, many debtors can refinance their mortgages under certain circumstances. Let’s take a look at a few qualities mortgage lenders look for in post-bankruptcy debtors: Payment History Mortgage

Lehman Seeks Holiest (Bankruptcy) Sacrament: Confirmation

Getty Images Lehman Brothers Holdings Inc. is asking a judge to sign off on its $65 billion creditor payback plan, more than three years after the investment bank collapsed into bankruptcy. Tuesday morning’s hearing might go quickly and rather

The Daily Docket: Grocery Chains Balk At A&P Union Deal

The Giant and Stop & Shop supermarket chains are balking at A&P’s deal with its unionized employees to slash wages and benefits, claiming they may be forced to pick up the slack with respect to a multiemployer plan the three chains share. Read the

Section 366(c)(2): Electric BoogalooS.D.N.Y. Court Affirms Order Approving Debtors’ Contested Adequate Assurance to Utility Providers

In the first days of a chapter 11 case, a flurry of activity occurs. One of the most common “first-day” motions is a motion to approve a debtor’s proposed form of adequate assurance of future payment to utility providers and to establish procedures

After Bankruptcy: The Key Formula Behind a Higher Credit Score

There is no denying that applying for bankruptcy can affect your credit score. But once you have finally written off your debts, don’t look at your negative credit score as a drain – think of this as a chance to have a blank slate to build up your

Collection Plate: Litigation Against Guarantors or Indemnitors Points to Lessons Learned - Tips on Underwriting & Loan Document Terms

(More on the Collection Plate collection, which focuses on the recovery side of our work - the bottom line, nitty-gritty, work of getting "back" the money.) Our economic eddy is at the stage where law suits against guarantors or indemnitors, on full

How Does A Bankruptcy Trustee Identify Preferential Transfers?

The issue of pre- bankruptcy asset transfers is discussed often; but most debtors aren’t sure how a pre-bankruptcy transfer is determined to be preferential and reversible. Below are a few standards that bankruptcy trustees use when determining if a

Filing Bankruptcy As A Cohabitating Couple

Married couples facing financial difficulties have the right to file bankruptcy jointly. However, the same is not true for unmarried cohabiting couples. For couples who have comingled their finances but who are not legally married, filing bankruptcy

Chapter 13 Cram Downs Of First Mortgages On Investment Real Estate

Chapter 13 debtors can cram-down mortgages on investment property to the amount of the property’s fair market value. People considering Chapter 13 to remedy upside down investment properties often ask how the cram-down works. Their questions cover

Top 10 toys less than $25 this holiday season

Operating on a thin budget? These toys will bring joy to your kids while saving you money.

10 ways to avoid contractor scams

Learn how to separate the honest contractors from the fakes after a natural disaster.

A dozen things you should buy in December

What's on sale in December? Everything from kale to the Caribbean to diamonds.

What is the best way to bank for your buck?

With so many choices in financial institutions, it pays to learn the differences.

Will bankruptcy take ex off the mortgage?

Handling a mortgage after a divorce can mean big financial troubles if you aren't prepared.

IRA investing: less taxing than many think

Account safety, portfolio diversity and tax benefits all play into retirement investments.

Should you refinance home using your 401(k)?

Not getting much return in your 401(k)? Think twice before using it to refinance your home

Bankruptcy Is NOT a Dirty Word

The headline caught my eye: “Is Bankruptcy ‘Business as Usual’ for Airlines.’ ” On NPR, no less. Reporting on the Chapter 11 filed by American Airlines, the article goes on to note: You might say it’s almost business as usual for the airline industry

After Bankruptcy: The Key Formula Behind a Higher Credit Score

There is no denying that applying for bankruptcy can affect your credit score. But once you have finally written off your debts, don’t look at your negative credit score as a drain – think of this as a chance to have a blank slate to build up your

Two more bankruptcy preparers facing possible criminal contempt charges

"Cases against two additional bankruptcy petition preparers are being sent to the U.S. Attorneys Office, bringing to four the number of criminal contempt cases against preparers under review by federal prosecutors. Cases against Jennifer Valente