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

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Hot Halloween costumes for 2011

Need a good Halloween costume this year? Look no further than your TV or movie screen.

5 frugal ways to expand your living space

With mortgages underwater, the best option for a growing family is enlarging the living space.

5 tips for choosing a Medicare Part D plan

Open enrollment for Medicare Part D started Oct. 15. These tactics help you compare plans wisely.

Banking crisis: still too big to fail?

Benton E. Gup, Ph.D., shares his opinions about the economy. Are banks still too big to fail?

How Debt Buyers Turn Zombie Debt into Valid Claims

Several of my Bankruptcy Law Network colleagues have written about the scourge of “zombie debt.” This colorful name applies to very old debt that is purchased by a debt buyer at pennies on the dollar. The moniker “zombie” refers to the fact that

National Conference of Bankruptcy Judges--10/13/11--Roundup of Business and Consumer Programs

I am at the 2011 National Conference of Bankruptcy Judges in Tampa, Florida. For this first day, I heard a good mix of consumer and chapter 11 programs along with a provocative economist. Here are a few highlights. Chapter 11 Issues On the chapter 11

Bad Bankruptcy Advice You May Be Falling For

When it comes to bankruptcy advice, it seems plenty of people are giving it – but not all of these people are actually qualified to be dispensing the kind of advice that could have such an impact on your credit score, your finances, and your life in

Now you know better than that, I said

Over on Dealbook, I look at a fight between Lehman and Deutsche Bank regarding classification of a claim Deutsche Bank bought from Lehman's German estate, and then partially sold to some hedge funds. The stakes are only four or five cents on the

Red Red Ink

Reflex Recordings & Music Ltd. Reggae pop stars UB40 might have to downgrade to the boxed version. The U.K. band, most famous for its hit “Red Red Wine,” was declared bankrupt by a Birmingham County judge Oct. 13. The bankruptcy was due in part to

Judge Kornreich Follows First Department’s Fraud Ruling But Sets a High Burden for Plaintiffs MBIA and Ambac

On October 7, 2011, Justice Shirley Werner Kornreich issued opinions in MBIA Ins. Corp. v. Credit Suisse Secs. (USA) LLC, et al. (No. 603751/2009, Supreme Court, NY County) (the MBIA Opinion) and Ambac Assurance Corp. v. DLJ Mortgage Capital, Inc, et

2011 Calvin Ashland Awards Dinner

November 3, 2011 Downtown Marriott Reception and No-Host Bar at 6:00pm Dinner and Awards Presentation at 7:00pm Jazz Trio Featuring Bruce Campbell Marriott Grand Ballroom 333 S. Figueroa Street Los Angeles, CA 90071 -Your cdcbaa annual membership fee

New Bankruptcy Court Fee Schedules

Effective November 1, 2011, a new fee schedule will apply to all bankruptcy cases. The Judicial Conference of the United States agreed on the fee increases in mid-September and will use the proceeds generated to fund Judiciary needs. Here’s a look at

Durbin Rule Is Weak Excuse for New Bank Fees

The Bank of America $5 debit use fee had nothing to do with any new law passed by Congress, it was just the inexorable march of the biggest banks finding new ways to exact more fees from consumers.

Delaware Bankruptcy Capital Status May End With Proposed Law

"A bipartisan bill sponsored by leaders of the House Judiciary Committee may strip Delaware of its status as the premier venue for U.S. bankruptcy cases, costing the state’s economy an estimated $100 million a year. Lamar Smith, the Texas Republican

Can Bankruptcy Save Your Marriage?

Financial stress is one of the biggest causes of divorce in America. Job loss, underemployment, medical debt and delinquent taxes can cause marital rifts which threaten the marriage with dissolution. But many bankruptcy debtors have found Chapter 7

10-20: Recent Developments – Section 546(e) Safe Harbor

Weil partner, Ronit Berkovich, will be a panelist at the next Bloomberg Law Continuing Legal Education program: Recent Developments – Section 546(e) Safe Harbor – Has the Second Circuit Taken Away a Bankruptcy’s Court Traditional Ability to Consider

A Distressed Municipality with a Plan: The City of Vallejo’s Plan of Adjustment

We previously blogged in posts here and here about the vexing problems the City of Vallejo encountered when it sought bankruptcy protection. That examination was prompted, in part, by criticism that the case was dragging on with no clear path out of

ISS Draft Voting Policies Indicates Possible Impact on Compensation Committee Elections from Say-on-Pay Votes and Recommendations for Proxy Access Proposals; Provides New Pay-for-Performance Analysis

What will cause ISS to recommend withhold or against the election of compensation committee members as a result of poor say-on-pay votes in 2012? A hint lies in the just-released ISS draft voting policies for 2012. ISS is looking for input from the

ISS Draft Voting Policies Indicates Possible Impact on Compensation Committee Elections from Say-on-Pay Votes and Recommendations for Proxy Access Proposals; Provides New Pay-for-Performance Analysis

What will cause ISS to recommend withhold or against the election of compensation committee members as a result of poor say-on-pay votes in 2012? A hint lies in the just-released ISS draft voting policies for 2012. ISS is looking for input from the

Should the Elderly File Bankruptcy

Most people use bankruptcy as a tool to help them recover from bad planning, foolish spending and/or unfortunate circumstances and start fresh. But what about people who don’t really need to start over, elderly people who have been diligent about