ABI Blog Exchange

SEC’s New Rule Increases Hedge Fund Reporting Requirements

The New York Times reported that the SEC has adopted a new rule requiring large hedge funds to make quarterly reports disclosing, among other things, “aggregated information on how much the fund has invested in various asset classes, where

Time To Revive Bankruptcy Cram Down Bill

The nation is at a crossroads, 6 million Americans have already lost their homes and another 3.5 million are in the foreclosure pipeline. Currently programs are failing homeowners abysmally and as the housing market continues to suffer from

The Daily Docket: Lehman Closer to Chapter 11 Plan Approval

Lehman Brothers Holdings Inc. said recent settlements with a number of its far-flung foreign affiliates have put the failed investment bank on track to win approval of its plan to exit bankruptcy by the end of the year. Read the Daily Bankruptcy

Bankruptcy 101 – Back to Basics with Butner

Every bankruptcy practitioner has his or her “go to” case citation for certain propositions. Few, if any, bankruptcy cases could be considered a “go to” more than Butner v. U.S., 440 U.S. 48 (1979). Most of us learned early on that Butner stands for

Two worlds and in between

A discussion about why nation-by-nation bankruptcy fails when dealing with global enterprises, here.

Flossmoor Bankruptcy Attorney Explains When One Can Re-File For Bankruptcy

Link I often hear from potential clients who state, “this is not my first bankruptcy, is there a limit to how soon I can file again?” The answer is yes, however, it gets complicated. From a Chapter 7 case to a Chapter 7 case, it’s 8 years and one day

Joliet Bankruptcy Attorney On Getting Credit Again After Filing For Bankruptcy

Link Credit is available after a bankruptcy filing. Most debtors in Chapter 7 will get peppered with credit card offers before their case is even finished. The offers are going to be bad. Limits are going to be small and the interest rates are going

Hazel Crest Bankruptcy Attorney Depicts What Assets Can Be Saved When Filing Bankruptcy

Link Generally speaking, a debtor can keep $8,000.00 worth of personal property, $4,800.00 worth of motor vehicle equity for a joint case, and $30,000.00 worth of home equity in a joint case. As a practical matter, these numbers have to be discussed

Baseball Reflects Life: Guidance on Calling it Fair or Foul in Dealing with Distressed Loans

With Game #6 of the 2011 World Series (Texas Rangers v St. Louis Cardinals) scheduled to play tonight after a rain-delay day, baseball is on my mind. As we've seen in Games 1-5, baseball is a game of - inches: as in Cruz catching a Pujols fly ball

Avoid these chilling homebuying surprises

Is the house haunted? Teeming with bats? Atop a burial mound? The seller better spill.

Mortgage rates fall as HARP refi boom awaits

An expanded refi plan kicks off in weeks, vexing homeowners who covet today's low rates.

A dozen unusual scholarships for students

Scholarships abound for students with interests in everything from sheep to duct tape fashions.

Deducting taxes on unimproved land

You can elect to capitalize some expenses if you can't benefit from a tax deduction.

Does zero-percent offer hurt score?

Taking advantage of a low rate won't hurt your credit score, but here's what will.

Have extra cash? Set investing & savings goals

Setting life goals is a good start to deciding if excess income should go to savings or investing.

4 questions for money market fund shoppers

High money market fund fees can ding low yields. This checklist will help you manage them.

Here's how to fix your horrible credit score

Don't get discouraged when your bad credit score doesn't turn "good" when you do.

5 people with great jobs that pay well

Find out how these real people overcame the odds and networked their way into great jobs.

Volcker Rule Wouldn't Have Stopped Subprime Craze

A lot of the most toxic securities were held in their so-called proprietary trading accounts, but these securities generally weren't traded. So the Volker Rule doesn't address the mislabeled problem.

After Contentious Post-Auction Negotiations, Winning Bidder Seeks to Enforce Winning Bid, Borders Group Seeks to Replace it With New Bid