ABI Blog Exchange

Should you use money markets for liquidity?

Maclyn Clouse, Ph.D., offers his insight on low-risk investing in a low-rate market.

Stuck in mortgage limbo after doing a short sale

You're stuck in the short-sale penalty box and can't get a mortgage? Here's how to escape.

Refinance after bankruptcy and late payments?

The opportunity to refinance may be nil if you are behind on payments and lack equity.

IRS scrutinizes dependency exemption claim

There's abuse in this area. Provide records to establish your right to claim the dependents.

T-Boz: CrazySexyBankrupt

"T-Boz ain't too proud to beg -- just like TLC sang back in the 90s -- because she's filed for bankruptcy. According to docs filed last month in U.S. Bankruptcy Court, T-Boz (real name Tionne Watkins) found herself owing creditors...

Restructuring Experts Balk At Muni Meltdown Prediction

Sorry, Meredith Whitney, but your prediction of hundreds of billions of dollars in municipal bond defaults will just not come to pass. So says a panel of restructuring experts, pointing to not only a lack of political will but also to legal hurdles

How to Remove Negative Thoughts about Declaring Bankruptcy

Ever wonder why you seem to have more trouble with money, no matter what steps you take to prevent it? For instance, you’re on the brink of declaring bankruptcy, you’re always living paycheck to paycheck, and you just can’t seem to shake the feeling

Make Small Company IPOs Easier

In recent years we've seen unintended consequences from the burden current regulations have put on America's biggest job creators: new public companies.

Bankruptcy Attorney Clowns Around in Macy’s Thanksgiving Parade

Courtesy of Chuck Tatelbaum The breakfast clowns, including Tatelbaum, far left, and wife Kitty Charles “Chuck” Tatelbaum’s gig as a clown in the 85th annual Macy’s Thanksgiving Day Parade was a piece of toast. The Hinshaw & Culbertson LLP bankruptcy

Louis Freeh, Former FBI Director, Appointed Trustee In MF Global Bankruptcy Case

"Former FBI director Louis Freeh was appointed trustee in the MF Global (MFGLQ.PK) bankruptcy case on Friday, days after he was hired to lead an independent probe into a sex abuse scandal at Penn State University. Freeh, also a former...

Tobey Maguire, others settle over poker winnings

"Tobey Maguire has decided to fold 'em and settle a lawsuit over his winnings from a convicted con man during high-stakes Hollywood poker games. The 'Spider-Man' star agreed to pay $80,000 to settle the lawsuit filed over more than $311,000...

SEC Staff Permits Exclusion of Audit Firm Rotation Shareholder Proposals

In what may be the first major decision this proxy season on shareholder proposals, the SEC staff has granted no-action letters to two companies, Hewlett-Packard Company and Deere & Company, that had sought to exclude proposals submitted by the

SEC Staff Permits Exclusion of Audit Firm Rotation Shareholder Proposals

In what may be the first major decision this proxy season on shareholder proposals, the SEC staff has granted no-action letters to two companies, Hewlett-Packard Company and Deere & Company, that had sought to exclude proposals submitted by the

SEC Staff Permits Exclusion of Audit Firm Rotation Shareholder Proposals

SEC Staff Permits Exclusion of Audit Firm Rotation Shareholder Proposals

Fame, Fortune And Magical Thinking Cause Of Celebrity Bankruptcy?

Singer Tionne “T-Boz” Watkins, member of TLC a group which had ten Top 10 singles, four multi-platinum albums, and won four Grammy Awards, has filed for bankruptcy. T-Boz owes creditors $768,642.99, mostly from mortgages on her $1.2 million house

Changes to the Proof of Claim Form as of December 1, 2011

Effective December 1, 2011, the Federal Rules of Bankruptcy Procedure (FRBP) that govern filing a proof of claim will change dramatically. FRBP 3001 will be amended to increase the types of information required to be attached to a proof of claim

Bankruptcy Code on the Go - Free

Do you have an Amazon Kindle or similar E-Reader? Maybe now’s the time to add one to your Christmas or Hanukkah list. The University of Illinois College of Law has assembled the full U.S. Bankruptcy Code from public domain...

Comity In Cross-Border Insolvencies: Determining the Proper Scope of a Court’s Jurisdiction

NORTH OF THE BORDER UPDATE This article has been contributed to the blog by Michael De Lellis and Patrick Riesterer. Michael De Lellis is a senior associate in the insolvency and restructuring group of Osler, Hoskin & Harcourt LLP, and Patrick

Year End Planning for Massachusetts Clients

As we enter the final weeks of the calendar year we post this blog article to inform Massachusetts consumers of a few things they can do to reduce taxes and keep their retirements accounts active. Our Massachusetts Financial Planning for 2011 blog