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

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The Daily Docket: Judge Rejects Call for Solyndra Trustee

Solyndra LLC Monday defeated a takeover threat from the U.S. Department of Justice, which demanded the company be put into the hands of a bankruptcy trustee as probes of a $527 million federal loan continue. Read the Daily Bankruptcy Review story

Florida Foreclosure Process Delayed by Bankruptcy Trustees?

The real estate website MortgageOrb is reporting that a Florida provider of default legal services is sounding the alarm on a new bankruptcy practice that he says could delay the foreclosure process in the state. According to an announcement...

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

Pros and cons: Saving in an escrow account

Using an escrow account helps to chip away at housing fees. But it comes at a price.

Can 2nd lender foreclose after bankruptcy?

You could be safe from foreclosure if you didn't reaffirm your HELOC in bankruptcy.

Sales tax deduction alive and well

Count disability income when you determine your income for the IRS' sales tax calculator.

Which is better: Stocks or mutual funds?

Diversification, fees and taxes are some of the issues you'll consider when making the decision.

Young, frugal, ready to ditch mortgage

But should you pay off your home? It's only one option for a couple with hefty assets.

8 eerie ghost towns

These ghost towns scattered across the United States are dead -- or are they?

'Stimulus' isn't a dirty word

Mark A. Johnson, Ph.D, talks about the likelihood of a second recession.

Marijuana Sales Can’t Fund Chapter 13 Plan

Despite state laws legalizing production of marijuana for medical use, it is not a legitimate revenue source to fund a Chapter 13 Plan. Medical Marijuana laws have been enacted in sixteen states and the nation’s capital city, Washington, DC, as of

Banks Can Boost the Economy by Aiding Exporters

Banks are the much needed facilitators for the export market, providing financing, greater information flows, risk mitigation and foreign banking relationships.

The Biggest Signs of an Impending Bankruptcy

When it comes to declaring bankruptcy, it’s typically not the immediate financial behaviors that land you in hot water – rather, it’s been months or years of poor money judgments that planted the seeds of an impending bankruptcy. But for some

Are We Seeing the Demise of Physical Banking?

When I'm asked "How do we get bank customers back into the branch?" my answer is simple. How would you get them back into a Borders or Blockbuster store?

Our Cousins Have the Right Idea: Sever Trading from Banking

The U.S. and the world should follow the lead of the U.K. Vickers report and "build a fence" around banking, so shareholder equity and depositors' money can be used only to make loans to viable borrowers.

Madoff Trustee Seeks $5.2M From Jewish Association

Associated Press Irving Picard A nonprofit that provides housing, meals, social programs and advocacy for senior citizens in the New York area is the latest charity being asked to give back the funds it received from Bernie Madoff’s Ponzi scheme

Nortel and Lehman FSD/CN pensions liabilities an administration expense

Financial Support Directions and Contribution Notices issued by The Pensions Regulator after a target company has gone into administration give rise to liabilities that rank as administration expenses under Rule 2.67(1)(f) Insolvency Rules 1986. So

Pricing of Banking Products Could Actually Use a Fix

For the banking industry to object to "government price fixing" is a bit ingenuous, if not altogether ridiculous.

Illinois Bankruptcy Lawyer Answers: How Does Filing Affect A Student Loan?

Link School loans or student loans in a bankruptcy case are basically non-dischargeable, meaning they are not eliminated. There are certain exceptions. There are certain hardship cases where student loans can be eliminated. In my practice of nearly