ABI Blog Exchange

The Daily Docket: Judge Approves Borders IP Sale

A judge on Monday approved the $13.9 million sale of Borders.com and other Borders Group Inc. intellectual property to its once-fierce rival, Barnes & Noble Inc., after the two sides and a consumer advocate alleviated the judge’s concerns over the

Post-Bankruptcy Survival: Why You Should Avoid Payroll Debit Cards

Paying low-wage workers with debit cards instead of checks is becoming more commonplace. Nationwide 1.7 million workers are paid with debit cards; but that number is expected to increase to 5.4 million by 2014. The increase in payroll debit card

Should I Keep Paying My Mortgage if My Home Was Destroyed in a Natural Disaster?

Natural disasters have recently destroyed countless homes and uprooted huge numbers of individuals and families. When the flood/hurricane/tornado/wildfire is over you focus on the destruction to your home, car, and business. You concentrate your

Not disclosing and transfer of assets led to denial of discharge

We learned nothing new from a recent court decision (In re Dandrum, Bankr. D.ND. August 19, 2011): The debtor must take seriously his duties to disclose transfers before filing and to list income and assets accurately seriously or risk denial of

CMBS Update: Rating Agency Reform & Another Wells Letter

For those of us looking for a healthy return of the CMBS market as a needed source of liquidity to the commercial real estate market, here are several recent events of interest: Yesterday, the Wall Street Journal reported that Standard & Poors (S&P)

Clarendon Hills Bankruptcy Attorney Answers Common Questions

Link Can I keep my home? You can keep your home as long as you’re current with the payments, as long as you have the escrow paid up, there’s no escrow shortage, meaning that there are no taxes owed, as long as the insurance is paid up. But most

Markham Bankruptcy Lawyer On What Happens After Filing

Link What happens after I file? The progression is something like this. Within 30 to 45 days after the filing, you have to attend what is known as a meeting of creditors, or otherwise known as a Section 341 meeting, so-called after the section in the

Diabetes America Assets Draw No Additional Bidders, Auction Cancelled

SSI Group Holding Corp. (d/b/a Souper Salad & Grandy's) Creditors' Committee Appointed, Selects Counsel

Bankruptcy and Identity Theft: Protect Your Confidential Data

Bankruptcy and identity theft? How can this be an issue if someone is discharging debt? There are debtors who file for bankruptcy protection due to someone having stolen their identity. There are bankruptcy debtors whose identity is stolen and the

How Will Filing Bankruptcy Impact My Teaching Job?

Downward pressure on teachers’ wages is pushing many educators into bankruptcy. While a teacher cannot be fired from their job because of bankruptcy, there are some aspects of a teacher’s job that can impact their bankruptcy case. Let’s take a look

Make 'new normals' of finance work for you

Don't wait for the old economy to return. Master the "new normals" to succeed.

Email your way to a cheaper car

Buying a new car is seldom a frugal affair, but emailing a few dealers can save you thousands.

Law gives 3 days to cancel refi or HELOC

The right of rescission lets borrowers back out of some mortgages -- but be careful.

Building blocks for successful investing

Successful investing starts with knowledge. Here are the basics to get your portfolio on the right path.

60 years old and $60K in debt

Bankruptcy could be an option when you are near retirement and earning less than minimum wage.

Does your state offer a 529 plan tax deduction?

A state may offer a 529 tax break, but you may have to hold cash in the account for a while first.

Figuring taxes from flipped property

As long as flipping property is not a business, you can offset the gain with stock market losses.

7 investment strategies during tough times

If the economy is headed for a lost decade, these tactics may help buffer your portfolio.

Update: Litigation over the Bank of America/Countrywide Proposed Settlement

We previously posted about Bank of America’s agreement to settle with Bank of New York Mellon over representations and warranties in 503 residential mortgage backed securities transactions. There have been several developments in connection with this