ABI Blog Exchange

How to Recover After a Chapter 11 Bankruptcy

As a high-income individual, you may not think that your money behavior contributed to your Chapter 11 bankruptcy. Perhaps you think it was down to a few bad investments, or a business that went under due to the harsh economic climate. Whatever the

The Other Subject Matter Jurisdiction Issue: Courts Disagree Over When to Apply the “Close Nexus” Test to Post-Confirmation Disputes

The jurisdiction of the bankruptcy court has received a lot of press of late thanks to the Supreme Court’s recent decision in Stern v. Marshall, No. 10-179, 2011 WL 2472792 (U.S. June 23, 2011). The full implications of Stern will take a long time to

Allegations Of Insider Trading Derail WaMu Bankruptcy Confirmation

Bankruptcy Judge Mary Walrath has for the second time refused to confirm Washington Mutual’s bankruptcy plan on the grounds that without mediation the bankruptcy case could collapse into a litigation nightmare. The major point of contention is

Consumer Credit Levels Reach Their Lowest Point in over a Year

According to a recent Reuters story, consumers are reluctant to hold debt due to the U.S. Credit rating downgrade and debt problems in Europe. The economy is shaky so people are apparently less willing to carry tons of debt. Consumer credit fell $9

A Mediocre Jobs Report. That's Good!: WSJ

The Daily Docket: Dodgers Whiff On MLB Probe

A bankruptcy judge Friday turned down a bid by the Los Angeles Dodgers to probe Major League Baseball’s dealings with other MLB members for proof Commissioner Bud Selig is treating the ball club unfairly. Read the Daily Bankruptcy Review story here

Is Bankruptcy Your Best Investment?

Spend money, when you’re broke, to go broke? Seems counter-intuitive, but it could be the best money you spend. Fear, pride, uncertainty, stubbornness, distraction, and cash flow keep people from getting their financial life in order with a

Is Europe Running Out of Time to Fix Crisis?

Are We in a Bear Market?

Detroit Makes a Comeback

Broader Jobless Rate Hits 16.5%

Bankruptcy Glossary: “Consumer Debtor”

According to the US Bankruptcy Code, a “consumer debtor” is a person whose debts are primarily consumer debts. “Consumer debts” are debts incurred for personal needs – as opposed to business purchases. Examples of consumer debts include auto loans

Motion For Relief In Chapter 7 Bankruptcy

When you file for Chapter 7 bankruptcy, an automatic stay is put in place. This is the legal mechanism that stops foreclosure, repossession and collection efforts including wage garnishments. This can be a great relief for you. You can take a breath

Motion For Relief In Chapter 7 Bankruptcy

When you file for Chapter 7 bankruptcy, an automatic stay is put in place. This is the legal mechanism that stops foreclosure, repossession and collection efforts including wage garnishments. This can be a great relief for you. You can take a breath

Motion For Relief In Chapter 7 Bankruptcy

When you file for Chapter 7 bankruptcy, an automatic stay is put in place. This is the legal mechanism that stops foreclosure, repossession and collection efforts including wage garnishments. This can be a great relief for you. You can take a breath

Pros and cons of refinance appraisals

Not everyone needs an appraisal to refinance a home loan, but should you get one anyway?

How do I pay my $80,000 credit card bill?

A new mortgage to pay off crushing debts may not be in your interest.

Bankruptcy Filings Continue to Dip Substantially

Epiq Systems has sent their latest bankruptcy filing statistics, and the numbers continue to show a dramatic drop in the bankruptcy filing rate. There were just over 110,000 bankruptcy filings in September which translates to 5,239 bankruptcies per

Open Range Communications Files Bankruptcy Seeking to Either Sell Assets or Wind Down Operations

Introduction On October 5, 2011, Open Range Communications ("Open Range"), filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. According to the Declaration of Open Range's CFO (the

More on Foreclosure File Reviewers

A simple google search for "foreclosure file reviewer" turns up a bunch of interesting things, including who is searching, what Level 2 means (as opposed to Level 1 or Level 3) and the involvement of Promontory, a financial services consulting firm