ABI Blog Exchange

Pay Bills or Eat?

There is a perception among those of us who are of retirement age, or past it, that we have to pay every bill we have even if it means going without prescribed medications or proper food. To say that this is a wrong or bad idea is not appropriate

Pay Bills or Eat?

There is a perception among those of us who are of retirement age, or past it, that we have to pay every bill we have even if it means going without prescribed medications or proper food. To say that this is a wrong or bad idea is not appropriate

Pay Bills or Eat?

There is a perception among those of us who are of retirement age, or past it, that we have to pay every bill we have even if it means going without prescribed medications or proper food. To say that this is a wrong or bad idea is not appropriate

Going, Going, Gone!: First Asset Sale Without a Proposal Approved under BIA Proposal Provisions

NORTH OF THE BORDER UPDATE This article has been contributed to the blog by Steven Golick and Andrea Lockhart. Steven Golick is a partner in the insolvency and restructuring group of Osler Hoskin & Harcourt LLP, and Andrea Lockhart is an associate in

The "Should I File for Bankruptcy?" Test

Before anyone decides to take action on whether or not bankruptcy is the solution to their financial solution, a true gauge of their financial situation must be taken into consideration. While a high amount of debt on say, a mortgage, may be daunting

See the wreckage and the damage done

I've been remiss about cross-posting my Dealbook columns, but my two most recent ( here and here) focus on the Dynegy chapter 11 case. Dynegy entered chapter 11 after radically restructuring itself in an apparent attempt to preserve some value for

Claims Trading Update from SecondMarket: MF Global; Lehman Brothers; Madoff Investment Securities

Pure Beauty Salons & Boutiques, Inc. Files Schedules of Assets & Liabilities

Did Revisions To Bankruptcy Start A Revolution?

Last month, we marked the sixth anniversary of changes to the bankruptcy law. The Bankruptcy Abuse Prevention and ConsumerProtection Act (BAPCPA or dis-affectionally called BARF by many in the field of bankruptcy) became operative on October 17, 2005

The Who's Roger Daltrey: frugal 'wizard'

Roger Daltrey knows "Who," and not what, makes you successful even all these years later.

Am I accidentally paying my brother's old debt?

You need proof to find out if charged-off debt belongs to you. Here's how to get it.

IRA savers stuck with stocks

Are dreams of a safe retirement too far gone to reach? Will IRA investing meet your goals?

6 low-cost ways to save on your holiday gifts

Sticking to a budget and saving money on holiday gifts can be daunting. These tips should help.

All you need is a million bucks ... and other retirement myths

If you believe and act on these myths, you may run out of money before you run out of time.

Don't make your 529 plan distribution taxing

Want to keep your earnings from being taxed on a 529 plan distribution? Here's what you should know.

11th Circuit Affirms Availability Of "Value" Defense For Recipients Of Fraudulent Transfers Who Were Equity Holders Of Debtor

In Perkins v. Haines, et al, No. 10-10683 (11th Cir. October 27, 2011) ( click here for .pdf of opinion), the 11th Circuit took a direct appeal of the Bankruptcy Court's order concerning the "value" defense in fraudulent transfer proceedings. The

Court Rebukes Chapter 7 Trustee's Attack On Debtors' Upside Down Homestead

I’ve written recently about some Chapter 7 trustees trying to take or administer “upside down” homestead properties when the bankruptcy debtor chooses not to claim a homestead exemption because their home has no equity. The debtors purposefully avoid

Cut-off power left foreclosure buyer in the dark

Foreclosures are sold 'as is,' so take care when buying after electricity has been cut off.

Recent German insolvency proceeding in TelDaFax, said to be largest in German history

Follow Barbara TelDaFax went bust: 750.000 creditors involved. Germany's biggest insolvency proceeding ever. The German energy supplier TelDaFax filed for insolvency in june 2011. In September 2011 the proceeding was opened at Insolvency Court in

Judge Rakoff Demands Answers from the SEC and Citigroup

We previously posted about Judge Jed S. Rakoff’s nine questions posed to the SEC and Citigroup in connection with their proposed $285 million settlement of the SEC’s fraud charges against Citigroup. Both the SEC and Citigroup filed briefs responding