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

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When is the right time to sell silver coins?

Sell your silver coins at the right price. To figure out what price that is, follow this method.

Best buys on Black Friday and what to skip

Looking for a great deal on Black Friday? Some things are worth facing the crowds and some aren't.

Mortgages remain low as HARP revamp approaches

Mortgage rates benefit from European fear, and underwater homeowners will get refi relief.

Top 10 states for foreclosure: October 2011

Nevada and California had the highest foreclosure rates in October. See if your state made the list.

Who pays taxes on disability income? It depends

If an employee doesn't pay premiums for disability insurance, are benefits taxable?

Your credit report is used for what?

The Fair Credit Reporting Act allows companies to buy your credit information for "business needs."

Blog of the Day: Double Whammy for the FHA

Risk management expert Clifford Rossi looks at two recently released documents on the FHA, which he says together "bear ominous warnings about a portfolio in excess of $1 trillion."

One Madison Park Developers Fight McDonald’s Payment Demands

Associated Press Well-heeled real-estate buyers aren’t the only folks unhappy about their delayed move into the defunct Manhattan condominium project One Madison Park. McDonald’s, which occupied the two-story building where the embattled more than 50

Creditor Trustee in Champion Home Bankruptcy Files Preference Actions

Introduction This month, Bruce H. Mason, acting as creditor trustee (the "Trustee") for the CEI Liquidation Trust (the "Liquidation Trust" or "Trust") began filing preference actions against various defendants. As stated in the Liquidation Trust's

After Bankruptcy: Smarter Spending Tips to Save More Money

After filing bankruptcy, there’s no denying that you’ll need to learn new financial habits, such as smarter saving and spending techniques. You also know that buying much-needed products during a sale will inevitability help to plug up wasteful

Challenges for Strategic Planning in the Year Ahead

Implementation of Dodd-Frank, new expectations for risk management, a flat yield curve, uncertainty stemming from unfilled regulatory positions: bank board of directors have their work cut out for them.

Amendments To The Federal Bankruptcy Rules, Including Rule 2019, To Take Effect December 1, 2011

Almost every year, changes are made to the set of rules that govern how bankruptcy cases are managed -- the Federal Rules of Bankruptcy Procedure. The changes address issues identified by an Advisory Committee made up of federal judges, bankruptcy

Amendments To The Federal Bankruptcy Rules, Including Rule 2019, To Take Effect December 1, 2011

Almost every year, changes are made to the set of rules that govern how bankruptcy cases are managed -- the Federal Rules of Bankruptcy Procedure. The changes address issues identified by an Advisory Committee made up of federal judges, bankruptcy

Projecting Income In Bankruptcy

When projecting future income in bankruptcy, debtors must determine what they can reasonably expect to earn in the near future. Below are few income scenarios that bankruptcy debtor’s may face: Unemployment If a bankruptcy debtor is unemployed at the

Tepper Snags MF Global Shares

Bloomberg Hedge-fund manager David Tepper has a history of profiting from the financial distress of others. It’s made him one of Wall Street’s wealthiest investors. Maybe that’s why Tepper and his Appaloosa Management LP hedge fund scooped up an 8.64

Balancing Act: Comity, Public Policy, and the Protection of “Other Interests” in Chapter 15

In the day to day litany of bankruptcy decisions discussing deteriorating market conditions, declining output, and corporate greed and malfeasance, it’s not all that often that we read a new case and feel a sense of . . . well, patriotism? In In re

Ally Bank Considering Bankruptcy for Its Mortgage Lending Unit

Ally Bank, a unit of Ally Financial (which used to go by the name GMAC) is considering putting its struggling mortgage unit, ResCap, through bankruptcy to alleviate some of that division’s debts, according to the Christian Science Monitor. Apparently

Providing Creditor Addresses for My Bankruptcy Schedules

When it comes to listing your creditors for inclusion on your bankruptcy schedules, you should provide the contact addresses provided by any creditors that have contacted you at least twice in the last ninety days. With respect to creditors that have

Why You’re Afraid to Declare Bankruptcy

Admit it: you’re afraid to declare bankruptcy. If this sounds familiar, you’re not alone. Even the most enthusiastic people have difficulties letting go of the cycle of debt that is keeping them from starting afresh financially. But if you want to

The Daily Docket: Tribune Faces Creditor Challenges

Tribune Co. is pushing to get out of bankruptcy fast but is battling challenges from major creditor camps to the rejection of a Chapter 11 plan, which the company says is easily repaired. Read the Daily Bankruptcy Review article here. SP Newsprint