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

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Occupiers on Bank Law: Fix It

If the Occupy Wall Street protests stand for anything they stand for a popular demand to rein in the banks and to bail out the victims of bank excesses. Those of us who study banking law for a living have an important role as public intellectuals, to

Southern District of New York Says Environmental Injunctions are Not Claims Subject to Discharge in Bankruptcy

District Judge Shira A. Scheindlin, of the Southern District of New York, has affirmed a decision of the bankruptcy court finding that the government’s right to an injunction compelling a chapter 11 debtor to conduct an environmental cleanup is not a

Guest Article: Second and Vacation Homes: Coldwell Banker Survey Says One Home is Never Enough With Baby Boomers — And It’s Way Cheaper than a Divorce!

There has been a lot of chatter out that the Baby Boomers might be the last generation to embrace home ownership. Well, a new study now says what I have long suspected: with Baby Boomers, one is never enough. The Millenials and offspring of the Baby

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)