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

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For Sale: Media Rights. Get ‘Em While They’re Hot!

by Thomas Salerno & Jordan Kroop On November 1, 2011, Frank McCourt (the ultimate owner of the storied Dodgers baseball team) and Major League Baseball (" MLB") announced a deal in principle that would end

Mercer & Hole is Recruiting in Restructuring & Insolvency

Restructuring & Insolvency is an integral part of Mercer & Hole’s business. A very busy period when our core skills of constructive use of insolvency procedures, stressed corporate advisory work and solvent restructuring have been in high demand, has

Corzine's $12 million

I know this is a bit tardy, but I've been meaning to post on this. A couple weeks ago, the media were making a big deal about Jon Corzine renouncing the $12 million in severance he is owed by MF Global. But he isn't. He's walking away from a $12

Is Fraudulent Transfer in Joe Paterno's Playbook?

No, fraudulent transfer isn't a fancy football term for a fake handoff. That's a bootleg. Instead, it's what you call a bs transfer of an asset to avoid creditors or when you are or are about to be rendered insolvent. And it looks like it might be

Respond to the Occupy Movement with Heightened Customer Care

There are many things that bankers can do to retake the high ground. A good place to start is focusing on the role of trusted financial counselor.

Give Non-Banks a Nationwide Reach

Non-banks already provide a large portion of small-dollar credit, amounting to billions of dollars annually. Unlike federally insured institutions, they cannot operate efficiently nationwide.

Getting advance on paycheck from your bank

Critics call direct-deposit loans the equivalent of payday loans, but banks disagree.

How to adjust your withholding

Are you getting a big tax refund? You may want to adjust your withholding.

World's most expensive Thanksgiving dinner

Have extra to spend this Thanksgiving? Don't stuff your bird with cash, spend it on sides.

Move your money from an old to a new 401(k)?

With a new job may come a new 401(k). You could move money to a new one, but you have options.

Buy a second home before you retire?

There are benefits to buying a home five to 10 years before retiring. There are risks, too.

8 things you need to know about layaway

Layaway can be a great option to avoid debt. But watch out for these snags during the holidays.

Moo & Oink Beefs Up Auction Block

Where’s the beef, you ask? Well, according to the bankruptcy court, it’ll be on the auction block next month. Bidders will be able to vie for famous Chicago grocer and butcher Moo & Oink at a Dec. 14 auction, NBC Chicago reported. Creditors

Controversy Over Methods to Determine Median Employee Pay for Dodd-Frank CEO Pay Ratio Disclosure

Although the SEC staff has publicly stated that the clawback provision is the most complex of the remaining Dodd-Frank governance rulemaking, the most controversial provision appears to be the requirement to disclose the ratio between the CEO total

Controversy Over Methods to Determine Median Employee Pay for Dodd-Frank CEO Pay Ratio Disclosure

Although the SEC staff has publicly stated that the clawback provision is the most complex of the remaining Dodd-Frank governance rulemaking, the most controversial provision appears to be the requirement to disclose the ratio between the CEO total

Could Pre-1970s Debt Limits Reduce Bankruptcy Filings?

Before the deregulation of the debt industry in the 1970s, Americans were limited in how much debt they could take on. If they wanted to take out a mortgage, monthly payments could be more than 30 percent of their paycheck, while car loans could take

Jefferson County Judge Known for ‘Rule-From-the-Bench' Style

"Thomas B. Bennett, the Birmingham, Alabama-based judge overseeing the biggest U.S. municipal bankruptcy, comes to court ready to rule, said attorneys who have appeared before him in his 16 years on the federal bench. Bennett, chief bankruptcy judge

High Income Bankruptcy Debtors Must Address The Issue Of Abuse

Despite the common misconception that high income earners cannot file Chapter 7 bankruptcy, it is entirely possible that they can. But for a high income earner trying to file Chapter 7 bankruptcy, they must overcome the presumption of abuse and make

Because of Its “Ordinary Course” Nature, Eighth Circuit Rules that Employee’s Administrative Expense Request For Employment Discrimination Is Not Subject to Discharge

In a typical chapter 11 case, a debtor’s administrative expenses do not raise much controversy because the debtor has paid them in the “ordinary course of its business” during the pendency of the case or, to the extent that it has not, its plan will

Brazen Pre-Bankruptcy Asset Transfer Surprises Finance World

Bankrupt securities firm MF Global allegedly transferred millions in missing client funds last week right before filing bankruptcy. If true, the money transfer could cause serious problems in the firm’s bankruptcy case: CME’s statement suggests that