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

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You Can’t, But We Can: DB Capital Follow-Up

In our previous article, Chapter 11? No Thank You! Courts Find Restrictions on Bankruptcy Filings in LLC Agreements Enforceable we commented on the decision of the United States Bankruptcy Appellate Panel for the Tenth Circuit, holding that an LLC’s

May a Bankruptcy Trustee Directly Contact a Debtor Represented by Counsel?

One reason that people considering bankruptcy hire lawyers is to prevent other lawyers involved in the matter from communicating directly with them, to avoid being taken advantage of. The rules of legal ethics or professional responsibility governing

The Daily Docket: Dodgers Seek MLB Probe

The Los Angeles Dodgers on Monday said the ballclub needs to probe Major League Baseball’s dealings with other MLB members as it prepares for a four-day trial that will determine its future. Read the Daily Bankruptcy Review article here. Casual

Prospect Heights Bankruptcy Attorney On What To Bring To The First Meeting

Link You technically don’t need to bring anything but yourself to the meeting. The meeting is much like an interview, where I as your attorney will ask you a series of questions. We will go through your income. We will go through your expenses. We

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

Mortgage Documentation Issues Close to (My) Home

The Arizona Supreme Court currently has under review a mortgage documentation case, Vasquez v. Saxon Mortgage, Inc. Just by chance, the Court was on its annual visit to the University of Arizona law college, where I teach, for the oral argument on

Clarendon Hills Bankruptcy Lawyer Answers:Do I Have To File All Of My Back Taxes Before I File Bankruptcy?

Link Although it’s a good idea to file all of your back taxes before you file a bankruptcy, it’s not technically required under the bankruptcy code. Here’s what the law says. For Chapter 7 cases you must provide your most recent federal tax return

When your life insurance policy won't pay

Certain factors can void a life insurance policy, or at least make it more expensive.

Paid off mortgage, can't get personal loan

With no mortgage, lenders will approve a personal loan, right? Wrong. Find out why.

More on economics with Wade L. Thomas, Ph.D.

An interview with Wade L. Thomas, Ph.D., about the future of the U.S. economy continues.

Wife's credit hurt by hubby's bankruptcy?

Hubby's $60,000 in debt doesn't have to cut off wife's access to student loans.

What's on sale in October

Want a trip to Europe? You can find bargains on this and more in October.

For PITI's sake: mortgage acronyms defined

Think HUD-1 is what a quarterback says? Learn the definitions for 17 mortgage acronyms.

6 ways to deal with limited or no credit

A scant credit record can be a hurdle to opening new accounts. These tips can help you build credit.

Disabled and can’t repay retirement loan

If the default is due to disability, would you owe a 10 percent penalty for the withdrawal?

Have Bank of America's Managers Lost Their Minds?

Thinking you can do whatever you want to your customers because you're the biggest and most economically significant bank in the country is reckless and foolhardy.

The Slips Go to Capitol Hill

Tomorrow, Katie Porter and I will be testifying at a subcommittee hearing for the Senate Committee on Banking, Housing and Urban Affairs. The title of the hearing is "Consumer Protection and Middle Class Wealth Building in an Age of Growing Household

A Modern, Developed Economy Needs Banks of All Sizes

Global enterprises - which do business with America's largest banks - beget mid-size suppliers that are served by regional banks. Small businesses in this supply chain are in turn nurtured by community banks.

Preference Proceeds: Court Prefers Secured Creditors

NORTH OF THE BORDER UPDATE This article has been contributed to the blog by Marc Wasserman and Martino Calvaruso. Marc Wasserman is a partner in the insolvency and restructuring group of Osler, Hoskin & Harcourt LLP, and Martino Calvaruso is an