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

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How Does An Illinois Bankruptcy Attorney Decipher The Debtor’s Budget?

Link When we ask the client for information concerning their income and their expenses it’s for a specific purpose. The bankruptcy petition and schedules require us to list in Schedules I and Schedules J the amount of money that the individual is

The Daily Docket: Washington Mutual Appeals Bankruptcy Decision

Washington Mutual Inc., still reeling from a bankruptcy judge’s second rejection of its $7 billion creditor-payment plan, is appealing a ruling that paves the way for its shareholders to pursue insider-trading claims against prominent distressed-debt

10 outrageous travel fees

Don't let companies drive off with your wallet. Skip these fees and stretch your vacation dollars.

Last-minute Roth conversion and recharacterization rules

In a Roth conversion, only the values in IRA accounts are considered in determining taxable income.

Old charge-off accounts sting credit report

Only time and good financial behavior will hide this debt "scar" on your credit report.

6 ways to beat late fees

If you're always late with paying monthly bills, you're setting yourself up for financial calamity.

Mortgages rise but refis still hold appeal

Mortgage rates rise, but they remain near historic lows and are expected to stay there awhile.

Figuring taxes in last-minute Roth conversion

It's not too late to undo your Roth conversion, but the deadline is looming.

5 investing myths debunked

Some investing maxims are widely believed, but are they true? We expose five common beliefs.

Don't Let Banking Industry Capture the CFPB

Putting a commission in charge of the bureau would at best produce partisan gridlock, and risks handing the young agency over to financial institutions.

So Where Are Those Post-Durbin Price Reductions for Consumers?

Recall that retailers told Congress that if these "swipe fees" were reduced, they would pass the savings along to consumers. Yet, there's no evidence that the merchant community is following through on its promise.

Pricing Lattes Is a Lot Easier than Pricing Debit

When banks attempt to mark up the transaction involving a dollar, the fee for the service is stark. It stands out in a manner that makes it both obvious and occasionally controversial.

Inspirada Creditors Clash Over Law Firm

Bloomberg News “Should I stay or should I go now?” That’s the song Squire, Sanders & Dempsey is singing in the Chapter 11 case of Inspirada, a Las Vegas-area master-planned community. The law firm wants to withdraw from representing one of Inspirada

Chapter 11 Bankruptcy: Can An Individual File?

You’re practically drowning under debt – between your credit card bills, mortgage payments and other loan payments, you don’t have enough money to meet the cost of living. There’s no denying that you’re ready to file for a personal bankruptcy… …But

Really?

Harrisburg filed its chapter 9 petition via fax?

Massachusetts Homestead Law to Expand?

Not likely. However, in a ruling last month by the U.S. Circuit Court of Appeals for the Eighth Circuit, a decision came down that may affect how homestead law evolves. The ruling expanded the notion of what is exempt under the homestead law to

Sanctions for Attempting to File a Piece of Paper?

The PACER and CM/ECF programs have revolutionized the practice of bankruptcy law. Thanks to PACER, I can download a document filed in almost any district in the country for the low price of $.08 per page (soon to go up to $.10 but still cheap)

Putting the “Limited Liability” into “Limited Liability Company”: Delaware Supreme Court Affirms Limited Scope of Derivative Standing to Pursue Claims on Behalf of LLCs

We previously wrote about a decision in CML V, LLC v. Bax et al., 6 A.3d 238 (Del. Ch. 2010) (“JetDirect”), pursuant to which the Delaware Court of Chancery found that the plain language of the Delaware Limited Liability Company Act denies derivative

Should You Terminate a Chapter 13 Bankruptcy?

A Chapter 13 bankruptcy is a court ordered repayment plan that helps filers establish plans that they can manage so they can stay on top of their debts and in some cases keep their homes and other priority items. A traditional Chapter 13 bankruptcy

The Daily Docket: Trump Bids $170 Million For Doral

Donald Trump’s real estate company has signed an agreement to pay $170 million for the Doral Golf Resort and Spa out of bankruptcy. Read The Wall Street Journal story here. The state of New Jersey is renewing its lawsuit against Ernst & Young LLP