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

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Bankruptcy is not a car wash

I don’t take the “car wash” approach to bankruptcy. Car wash approach? What’s that? At the car wash, you drive up, pay them, they run your car through, and you drive off. The car wash doesn’t care where you have been, or where you’re going. They don

Knee-Jerk Reactions to Debit Rule Will Drive Customers Away

When the profits and losses of the debit card unit suffer as regulation clips revenues, the banks increase fees, discouraging debit card usage. Any pretense to customer focus goes out the window.

Obama's B of A Attack Will Rebound on CFPB

In hinting that the consumer bureau should look at B of A's $5 debit card fee, Obama has solidified bankers' worst fears about the CFPB.

Why Banking M&A Is for the Brave and the Bold

Word that a banking pool had returned its money to investors prompted our assistant managing editor to take a second look at the state of banking. The answers are discomforting.

Don't Let Bank-Bashers Hurt Your Team's Morale

Frontline employees and branch managers I've spoken to seem genuinely surprised and sometimes downright emotional to hear someone defending who they are and what they do.

Bankruptcy and bank statements

Planning to file bankruptcy? You will need to round up bank statements. You’ll need them at the beginning of the bankruptcy process; and you’ll need them again near the end. Since you need to tell the bankruptcy court about all your accounts when you

OCC Servicing Settlement--Will Homeowners Get Screwed (Again)?

The WSJ reports on the latest development in the implementation of the OCC's mortgage servicing fraud consent orders. It seems that the banks will have OCC approved "independent" foreclosure review consultants (chosen and paid by the banks) review

Barnes & Noble Email to Borders Customers Rattles Privacy Watchdog

Reuters A consumer-privacy watchdog is fuming over a message that Barnes & Noble Inc. executives sent out to millions of former Borders customers who have the next 11 days to decide whether to keep their personal buying history and contact

Whistleblowers and Internal Certifications

We've been discussing with a number of clients whether it is appropriate to require employees to certify periodically that they are not aware of violations of the company's code of conduct or, put another way, that they have reported to the company

Whistleblowers and Internal Certifications

We've been discussing with a number of clients whether it is appropriate to require employees to certify periodically that they are not aware of violations of the company's code of conduct or, put another way, that they have reported to the company

Woman Who Won $9 Million Judgment Faces Battle Over Bankruptcy Fees

"Sixteen years ago, Michelle DiLieto's doctors told her she had cancer and removed her reproductive organs. Facing steep bills and ongoing medical complications, she filed for bankruptcy a year later. As she struggled in bankruptcy, DiLieto was hit

Landry’s to Buy Beso

AP Images for Microsoft Eva Longoria and her Las Vegas steakhouse Beso can kiss bankruptcy good-bye. A bankruptcy judge on Monday cleared the restaurant’s sale to Landry’s Restaurants Inc. in a $1 million deal that ensures the “Desperate Housewives”

Post-Bankruptcy Survival: Avoid File Segregation Scams

You just exited bankruptcy and your feeling excited about your newfound freedom from debt. You know it’s going to take time and effort to rebuild your credit and finances but you feel it’s worth it. A few weeks after the glow starts to wear off you

How to Use Chapter 13 to get Your Repossessed Car Back

There can be no more sickening feeling than to discover that your car or truck has been repossessed. In Georgia, where I practice, self-help repossession by vehicle lenders can occur quickly and with no prior notice. Specifically, in Georgia, lenders

Report: Credit Scores During the Recession

The Fair Isaac Corporation (FICO), which develops the primary formula used to calculate credit scores, released data this week on changes to credit scores during the economic turmoil of the last several years. The report shows credit score

Supreme Court Preview: No Blockbusters Scheduled Yet

Today is the first Tuesday in October, which marks the start of the Supreme Court's October Term 2011. So far the Court has granted cert in forty-eight cases, only one of which involves bankruptcy. There are a few interesting petitions pending but no

Whistleblowers and Internal Certifications

We've been discussing with a number of clients whether it is appropriate to require employees to certify periodically that they are not aware of violations of the company's code of conduct or, put another way, that they have reported to the company

Whistleblowers and Internal Certifications

We've been discussing with a number of clients whether it is appropriate to require employees to certify periodically that they are not aware of violations of the company's code of conduct or, put another way, that they have reported to the company

A Win, of Sorts, for Goldman – What is Next?

As revealed in court documents filed last week, a series of lawsuits filed in New York by shareholders who claimed that bonuses paid to Goldman Sachs employees resulted in corporate waste were dismissed on September 21, 2011. Security Police & Fire

A Win, of Sorts, for Goldman – What is Next?

As revealed in court documents filed last week, a series of lawsuits filed in New York by shareholders who claimed that bonuses paid to Goldman Sachs employees resulted in corporate waste were dismissed on September 21, 2011. Security Police & Fire