ABI Blog Exchange

Cast Your Bid for Kluge’s Cupids

Associated Press/Daily Progress Patricia Kluge stands with her husband, Bill Moses. So you missed your chance to bid on Patricia Kluge’s 24,000-square-foot, 45-room country manor home, her acclaimed Virginia winery and millions of dollars worth of

Why File a Chapter 13 Bankruptcy

A Chapter 13 bankruptcy is really a repayment plan of sorts so why would you take the hit to your credit score by filing a Chapter 13 bankruptcy rather than just seeing a different repayment plan. With a Chapter 13 bankruptcy you are not required to

Analysis of National Filings Prepared by the Administrative Office of the U.S. Courts

From the Hon. Scott Clarkson: These are the local comparisons to the national filings. This is public information. Please see the analysis below prepared by the Clerk's Office of the Central District of California reflecting a comparison of CACB to

Lawsuit against Madoff family grows to $226.4 mln

"The trustee seeking money for Bernard Madoff's victims has increased the size of his lawsuit against family members of the imprisoned Ponzi schemer to $226.4 million. Irving Picard, the trustee, in an amended complaint, said the Madoffs were

Dodgers Judge Approves Six Days of Legal Fees, Overruling U.S. Trustee

"The Los Angeles Dodgers won initial court approval to pay the team’s bankruptcy lawyers fees for six days of work that had been challenged by the U.S. Trustee. U.S. Bankruptcy Judge Kevin Gross said today the work was necessary for...

Getting a Mortgage after a Chapter 7 Bankruptcy

Once you’ve filed a Chapter 7 bankruptcy you can expect that fact to stay on your credit report for up to 10 years and how quickly you build you credit back up depends on the steps you take to rebuild it. But fortunately for Chapter 7 bankruptcy

The Daily Docket: Dynegy Holding Company Enters Bankruptcy

Dynegy Inc.’s holding company filed for Chapter 11 protection Monday night, The Wall Street Journal reports. The bankruptcy filing could cause bondholder losses without harming shareholders of the parent company. Corporate bankruptcy filings are

You Are Now Entering the Twilight Zone: The British Virgin Islands, The Only Place Where Madoff, Stern, and Chapter 15 Meet

Although Stern v. Marshall, chapter 15 of the Bankruptcy Code, and the Madoff SIPA liquidations have each, independently, led to a substantial degree of speculation, a large number of lengthy legal opinions, and, in some instances, a general state of

Dynegy Holdings Files Restructuring Support Agreement and Term Sheet Outlining Terms of Proposed Pre-Arranged Restructuring

Student Loans In Bankruptcy

At least the graduate in the picture has a job. Being that is involves wearing a chicken suit, it might not produce enough scratch to pay off his share of the more than $1 trillion dollars in student loan debt now owed in our country. (image credit

Why Do-It-Yourself Bankruptcy Filing Is Like Buying Pills Without A Doctor

We are a country of do-it-yourselfers. I fix my own car, build my own furniture, and even write my own articles. A couple of things I won’t do is prescribe my own medicine or do my own legal work. I am willing to take a chance on a lot of things. If

Dynegy Holdings Files for Chapter 11 Bankruptcy Protection - Read the Petition

Liquidating Trust in Advanta Corp. Bankruptcy Files Preference Actions

Introduction Earlier this month, the Liquidating Trust in the Advanta Corp. bankruptcy proceeding began filing preference complaints in the Delaware Bankruptcy Court. Advanta and certain affiliates ("Advanta") filed for bankruptcy in Delaware in

Filing Chapter 13 Bankruptcy With or Without My Spouse in Washington?

Unfortunately, there is no simple equation that will reveal whether it’s better to file alone or jointly. The determination will largely hinge on which option allows you to get rid of more debt and keep more of your stuff. Here are some of the

Insolvency Law Committee Constituency List -- Bankruptcy e-Bulletin

Bankruptcy e-Bulletin November 7, 2011 Dear Insolvency Law Committee Constituency List members: The purpose of this eBulletin is to provide information about the Office of the United States Trustee – Central District of California – Region 16’s

Not Sure If You Can File Bankruptcy Again?

You want to file bankruptcy but you are not sure if you are eligible to file again. There is a quick an easy way to see if you MIGHT be eligible to file and receive a discharge. On the top line of the image above choose the case that you have filed

CD rates take the gold out of golden years

Choosing investing options can be difficult especially when coping with low CD rates.

Twitter travel deals: Snooze, you lose

You can find great vacation offers on Twitter -- but in the blink of a tweet, they're gone.

6 ways to screw up your retirement plan

A few missteps can get you on the wrong track and heading toward poverty. Avoid that fate.

Holiday offers from credit card companies

Credit card issuers are promoting a flurry of holiday stocking stuffers. Here's a roundup of the deals available.