ABI Blog Exchange

Businesses Get Hit With Double-Whammy on Taxes: WSJ

No Bailing on Basel

The U.S. has lost the regulatory high ground. The rest of the world is embracing Basel III. We can no longer afford to go it alone and assume the world will follow.

Best debt move? Duh. Spend less than you earn

Cutting your spending will help curb your debt. For more complicated solutions, read on.

Winners, losers in Obama's tax bill

The president has offered a tax and deficit reduction plan. Who comes out on top under the proposal?

FSA saves money, cuts taxes

Find out how one of the most popular tax benefits for families, an FSA, can help you.

What happens when a home sale fails

You thought you sold your home, but the sale fell through. Now what?

Professor Harvey discusses economics

Professor Campbell R. Harvey gives insight about the future of the economy.

Figuring credit card promo rates

How are payments applied to cards with promo rates? It's clear in some cases, murky in others.

9 celebs with second jobs

Who flips houses? Who owns a hotel? Fame and fortune can't stop these celebs' entrepreneurial spirit.

Can I Go to Jail For Not Paying My Bills?

Yup. Scared? Well, it just not so simple as that, so don’t believe the collectors when they call and say they will have you arrested and put in jail for not paying a debt. While it is possible, there are a lot of safeguards for consumers in financial

A Plan for Regaining Customer Trust

Financial services can actively contribute to making people's lives better and deliver profits for providers. The Compass Principles provide a roadmap for answering the question, "How?"

L.A. Law Star’s Ex-Company Enters Bankruptcy

AP Photo/Akron Beacon Journal, Karen Schiely In this Nov. 20, 2009, photo, Corbin Bernsen reacts after crossing the finish line at Derby Downs in Akron, Ohio. A publicly traded movie production company turned DVD renter once led by “L.A. Law” actor

Dodgers Fans to McCourt: Show Us the Money In Bankruptcy Court!!

"Los Angeles Dodgers season ticket holders want to make sure Frank McCourt isn't screwing them over in the team's bankruptcy proceedings -- and they've filed a motion to make sure they're protected. Attorneys representing a handful of season ticket

Deloitte sued for $7.6B in mortgage fraud case

"A pair of lawsuits filed Monday claim that Deloitte & Touche LLP, one of the nation's largest accounting firms, should pay $7.6 billion in damages for failing through years of audits to detect massive fraud at a now-defunct Florida mortgage...

Solyndra cleared for October 27 bankruptcy auction

"Solar panel maker Solyndra LLC, which filed for bankruptcy after borrowing $535 million from the U.S. government, on Tuesday was cleared to begin a quick sale process that some creditors criticized as 'rushed.' U.S. Bankruptcy Judge Mary Walrath in

Dodgers fight MLB request for control of team

"The Los Angeles Dodgers fought back against Major League Baseball's attempt to wrest control of the bankrupt baseball team from Frank McCourt, asking a federal court to delay considering the league's requests to sell the team and throw out its...

Let's Get the British to Pay!

For those of you following the Greek default "situation," I highly recommend Macro Man's take on the latest plan, which explains why this is not apt to make it very far. In short, it would involve British support for the Euro, which I seem to recall

Occupied Residence Becomes Part Of Bankruptcy Estate

In a recent Chapter 7 bankruptcy, the bankruptcy court challenged the debtor who transferred a property into a trust within two years prior to filing bankruptcy. The bankruptcy court ruled that the transfer of the property was fraudulent because the

Digital Certificate Provider Files for Bankruptcy after Hack

DigiNotar, a Dutch company that provided digital authentication certificates for Dutch government-owned Internet domains, has filed for bankruptcy after a serious hacking incident led to a significant security breach. Wired.com reports that DigiNotar

Billing for Billing: When Do Retained Professional’s Outside Counsel Fees Constitute a Reimbursable Expense?

In In re Borders Group, Inc., Judge Glenn of the United States Bankruptcy Court for the Southern District of New York recently held that a retained professional may seek reimbursement of its own outside counsel’s fees and expenses incurred in