ABI Blog Exchange

Durbin's Silver Lining Is in Small-Biz Card Acceptance

An increased number of small businesses can now afford to accept card payments for their services, creating a new opportunity for banks.

Some Wild Idea in a Big White Bed

Over at Dealbook, I take a look at the obvious solution to the Greek situation and the chatter regarding a sovereign bankruptcy procedure.

Restructuring Opportunities in Some Sectors, a Wait for Most Others

With default rates and bankruptcy filings earnestly sticking near their all-time lows but loads of debt coming due very soon, finding distressed opportunities is a two-pronged game of waiting while still identifying sectors that need help now, three

Cerberus CEO Feinberg’s Mea Culpa

(This has been cross-posted from Private Equity Beat.) By Sabrina Willmer In the world of private equity where there are many big egos, rarely have we seen the head of a large firm admit publicly to making mistakes. However, in a refreshing twist

Informacje ekonomistów

Kredytobiorcy mogą odczuć ulgę po dzisiejszej decyzji szwajcarskiego banku centralnego. W jego wyniku kurs franka spadł o 33 grosze, a rata kredytu nawet o 180 zł. Nie każdy kredytobiorca, który ma dziś płatność raty może jednak zyskać aż tak dużo

Safe Harbors Gone Wild

Yesterday's decision from the District Court court in the Madoff-Mets litigation is yet another example of why Congress desperately needs to revisit the safe harbors which exempt a host of financial transactions from the workings of the Bankruptcy

Means Test and Attorney Fees

I wrote about attorney fees as a means test deduction some time ago. BAPCPA’s provision, codified at section 707(a)(2)(A)(iv) of the Bankruptcy Code, says that priority claims are deducted from income. Priority claims include a Chapter 13 debtor’s

Warning Signs That Show It’s Time to File for Chapter 11 Bankruptcy

Filing for Chapter 11 bankruptcy might seem like a cut-and-dried decision. After all, if you’re swimming under a pile of debt and can’t seem to make your payments work, then it might seem like your next logical step is to file for Chapter 11

Chapter 20 Lien Stripping Doesn’t Fly In Florida Despite Judge Schermer’s Opinion in In Re: Fisette

As a Consumer Bankruptcy Attorney, I really enjoy explaining the benefits of Chapter 7 Bankruptcy and Chapter 13 Bankruptcy to a potential client. Bankruptcy is a financial planning tool, plain and simple, kind of like a Swiss Army Knife. Inside this

Delaware Bankruptcy Court Tells Aviation Company That Its Request for a Retroactive Petition Date Doesn’t Fly

The date on which a debtor files its bankruptcy petition, often called a “petition date” or a “commencement date,” is one of the most integral dates in the debtor’s bankruptcy existence. It is the debtor’s bankruptcy birthday of sorts and the date

Could Privacy Concerns Sink Borders’ Bankruptcy Sale?

Barnes & Noble has agreed to pay $14 million for Borders’ intellectual assets which include private customer information. But the bankruptcy sale could be jeopardized if the court appointed Consumer Privacy Ombudsman’s recommendation that Borders’

The Daily Docket: Hedge Funds Appeal WaMu Ruling

Four hedge funds accused of insider trading in Washington Mutual Inc.’s bankruptcy case are appealing a ruling that denied confirmation of the company’s Chapter 11 plan and found they could be held to account to shareholders for alleged improper

Lemont Bankruptcy Lawyer On Keeping Property After Filing

Link Can I keep my car and all of my other property after filing bankruptcy? You can keep personal property so long as the value of that property does not exceed allowable exemptions and/or any money that is owed on the personal property. For example

Condo and subdivision fees: Are Association fees dischargeable?

In short the debtor is responsible for association assessments as long as the debtor is the owner of the property. In a chapter 13, the debtor who wants to keep his property must add the prepetition assessment fees into his plan if they are

Free Webinar on Environmental Risks & Mitigation Measure: Oct 11 (noon CST)

Latent (and even flaming) environmental risks play an important role in the monitoring of problem commercial real estate loans, in the decision to foreclosure and in the sale of foreclosed properties. For many servicers and lenders, these risks are

Hussey Copper Corp. Files For Chapter 11 Protection

Chapter 7 Bankruptcy Usually Will Not Stop Ongoing State Court Litigation To Establish Debtor Liability

There is some confusion about the automatic stay; some debtors don’t anticipate exceptions to the effect of bankruptcy upon their creditor actions. Bankruptcy stops collection of debts, but bankruptcy does not always stop creditor’s ongoing lawsuits

Peter Diamond (2010 Nobel Prize in Economics Winner): We Need Stimulus Now

China's Trade Surge Overwhelms U.S.

Report: Solyndra Red Flags Foretold Closure (WSJ)