ABI Blog Exchange

History Says We Could Repeat the 1930s

Kara Swisher: Is Meg Whitman Right for the Job at HP?

WSJ Opinion: Will the U.S. Double Dip?

More on Matter of Rodenstock GmbH

People have been asking me to elaborate on the Rodenstock ruling in the UK, and so I reproduce below my piece about this very interesting development for the American Bankruptcy Institute International Committee Newsletter, which is also available on

Michele Bachmann is more fun than Sarah Palin

If your bankruptcy attorney is a member of the National Association of Consumer Bankruptcy Attorneys [NACBA] chances are that attorney participates in a list service discussion of issues along with other bankruptcy attorneys across the country. The

British Virgin Islands High Court of Justice rejects claims asserted by defrauded feeder fund against its investors who were also defrauded

On September 16, 2011, Judge Bannister ruled that a Madoff feeder fund in liquidation could not recover from its investors the purchase price it had paid to them upon their redemption of shares even though the price it had paid was based on

Preference Complaints Filed in the Velocity Express Bankruptcy

Earlier this month, James Carroll in his capacity as the "Wind Down Professional" for the Velocity Express bankruptcy, began filing preference actions against various defendants. As alleged in the preference complaints, Carroll was appointed as

Is 'intentional foreclosure' ethical?

A homeowner with an upside-down mortgage wants to walk away and start over with a new home.

What kind of investor are you?

How you build your portfolio should depend on your goals, time horizon and your tolerance for risk.

Bankruptcy means test: how big families can pass

The 2005 bankruptcy law is unfair to families. If you have children, you need to fill out your bankruptcy budget very carefully. Here’s why. The means test in the 2005 bankruptcy law is easy on singles, and hard on big families. Here’s an example: a

Before bankruptcy: three reasons to change banks

When people talk to me about filing bankruptcy, I often tell them to change banks. Here are three reasons. 1. If you have money in a bank you owe money to: change banks. A bank is allowed to pay themselves for money you owe them. If you have money in

Update: United States v. Deutsche Bank, et al.

We previously posted about the U.S. Attorney’s billion dollar False Claims Act lawsuit against Deutsche Bank and its subsidiary MortgageIT. There have been some developments since the case was filed: Deutsche Bank and Mortgage IT filed a motion to

Should You be Concerned About a “Poison Pen” Letter?

Your bankruptcy filing can stir deep emotions. More than a few times, I have received calls from individual (as opposed to corporate) creditors who, after receiving a bankruptcy notice, have called me to express their displeasure that my client is

Franklin Park Bankruptcy Lawyer On What Happens After Court

Link After the 341 meeting of creditors, the debtor basically waits for the discharge order to arrive. The discharge states that all the unsecured debts have been eliminated through the bankruptcy case. So approximately 60 to 90 days after this court

The Next Step Prior To Filing For Park Forest Bankruptcy Attorney

Link So we have everything ready to go. Client has paid in full, they’ve signed their petition, they’ve taking the credit counseling class, they’ve given us the last year of taxes in Chapter 7, and we have their last 60 days of paycheck stubs, and

North Riverside Bankruptcy Lawyer States The Code Requires Taxes & Pay Stubs

Link There is often confusion on what tax return and for what year or years is required before filing for bankruptcy. For Chapter 13, we need the last four years of federal income tax returns. For Chapter 7, we need just the most recent year. One

The pros and cons of bond ETFs

In this time of low yields, are bond ETFs a good place to park your cash?

Does The Star’s Bankruptcy Mean Tom Hicks is Downsizing and Tom Gaglardi is Moving to Dallas?

Update: It seems all these sports teams buying, selling and going belly-up are very good for the local real estate market. Remember, it brought Chuck Greenberg to Vaquero! This post is also on CandysDirt.com. So, the Dallas Stars have filed a

Deed of Trust Assignment and Sale Issues

From: Stanley J. Kartchner Sender: Bankruptcy law discussion list To: BANKR-L@LISTSERV.ILLINOIS.EDU ReplyTo: Stanley J. Kartchner Subject: deed of trust assignment and sale issues Sent: Sep 23, 2011 7:51 AM For those following developments in the

The Broke and the Beautiful: Dallas Stars Edition

This week on The Broke and the Beautiful, the sports world is again overshadowing the rest of the celebrity bankruptcy world. A “Real Housewives” couple are in the spotlight, but the Dallas Stars are elbowing for a close-up, with several bidders