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

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Los Angeles Dodgers' Chapter 11 Case: No Replay of Texas Rangers' Drama

A World Series as exciting as any in memory ended two weeks ago. Notwithstanding the end of the season, the Los Angeles Dodgers’ chapter 11 case offered the promise of more baseball-related thrills. Dodger’s owner Frank McCourt and Major League

Foreclosure Law Firm Mocks Homeless at Halloween Party

Photos leaked to the New York Times last week reveal shocking behavior on the part of a New York law firm responsible for about 40 percent of the state’s 46,572 mortgage foreclosures in 2010. Apparently, members of the Steven J. Baum law firm dressed

Reaffirmation Agreements – Not Just for Individual Chapter 7 Debtors

Reaffirmation agreements are typically viewed as a tool used in chapter 7 cases by individual debtors seeking to retain property and renegotiate the terms of payment on their existing debt. Section 524(c) of the Bankruptcy Code sets forth certain

Getting Started With A Gurnee Bankruptcy Lawyer

Link Well, the first thing to do in order to file a bankruptcy is to consult a bankruptcy attorney, preferably somebody who has experience with bankruptcies. Initially, you have to go into the consultation with a good idea of your income, your

The Daily Docket: Judge Slashes Dynegy Loan Money

A bankruptcy judge on Tuesday slashed the amount of money Dynegy Inc.’s holding company can immediately lend to four subsidiaries to keep the entities running during bankruptcy, in light of serious questions raised in court by Dynegy bondholders

Is Pennsylvania’s Opposition To Municipal Bankruptcy Foolish?

The city of Harrisburg filed Chapter 9 bankruptcy to get a handle on debt that was literally destroying it. But because the state of Pennsylvania opposes bankruptcy, the city is now facing cumbersome and tiresome measures to avoid both bankruptcy and

Leases, Lenders & Letters of Credit: Lenders Taking New Approaches With Tenant Letters of Credit (lessons learned)

We know commercial real estate is all about the rents - and the credit of the tenant, which some times is enhanced by the tenant giving the landlord a letter of credit. David Staas and Michael Thomas recently clued me in on several lessons learned by

Consumer Bankruptcy Filings Decline During 2011

The total number of U.S. bankruptcies filed during fiscal year 2011 dropped 8 percent over fiscal year 2010, according to data released yesterday by the Administrative Office of the U.S. Courts. Consumer bankruptcy filings decreased 11 percent

Dispute charged-off debt on your credit report?

An old charge-off proves a lengthy credit history. Better check your credit report before keeping it.

Home prices fall, but sales rise in third quarter

Housing prices continued downward slide, but sales picked up in all 50 states.

The cost of raising children on the rise

The USDA's latest annual report says raising a child born in 2010 will cost parents more than $250,000.

5 tips for maximizing employee health care

Can your employee health care benefits save you money? Stretch your insurance dollar.

Don't ignore tax notices

Don't panic when that letter from the IRS arrives. Many tax notices can be dealt with simply and painlessly.

Land a good deal when buying a houseboat

Living on the water -- literally -- can be surprisingly affordable. Here's how.

5 ways to escape low-yield checking

Unhappy with low interest rates on your checking account? Here are some options for your money.

Getting a mortgage to buy the farm

Ever dream of owning a farm but not sure about getting a mortgage?

Raid 401(k) to pay down credit card debt?

Don't treat your 401(k) like a piggy bank. Bring home that bacon in later years.

Preparing to Meet Your Dallas Bankruptcy Attorney

When it comes to filing for bankruptcy, there are two paths that are open to you. The first path is the easiest one – you come prepared for all of your Dallas bankruptcy attorney meetings, your petition is filed quickly and your debts are discharged

The Pro Se Problem

A report from the Administrative Office of the U.S. Courts highlights a disturbing trend: since the adoption of the Bankruptcy Abuse Prevention and Consumer Protection Act in 2005, pro se filings have grown dramatically. You can read the report here

Social Networking, DNA may Affect Credit Soon

Living in the Information Age has a number of advantages: we can avoid holiday crowds to shop from the comfort of our living rooms, and even ditch the commute to work remotely from home. But new stirrings in the credit card industry about future