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

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Lenders Beware: Delaware Supreme Court Holds Creditors of Insolvent LLC Lack Derivative Standing

The Delaware Supreme Court recently held that creditors lack standing to bring a derivative suit on behalf of an insolvent Delaware limited liability company (an “ LLC”) under the Delaware Limited Liability Company Act (the “ LLC Act”). CML V, LLC v

What Happens When A Lender Refuses to Repossess a Vehicle Surrendered in a Bankruptcy?

Unfortunately there is a growing problem of lenders that are refusing to take possession of vehicles surrendered in bankruptcy. We see this not only with motor vehicles but we are also seeing this occasionally in housing. Because of low values some

Need A Short-Term Loan? You May Really Need Bankruptcy Instead

The debate about the payday lending industry has come into sharp focus again as the Consumer Financial Protection Bureau begins to get its legs. But one of the often missed points is that many debtors take out short-term, high interest payday loans

Fox Protests Dodgers Creditors’ Addition of Heavy Hitter Lazard

Associated Press Fox Sports is concerned that the Los Angeles Dodgers’ creditors are preparing to pencil into their lineup Lazard, the Wall Street slugger that calls itself the world’s preeminent financial-advisory firm. As the Dodgers’ current

Fifth Circuit to Consider Impact of Stern v. Marshall on U.S. Magistrates

While the paparazzi followed every move of Anna Nicole Smith during her tragically shortened life, those of us of the legal paparazzi now stalk every new development in the case which bears her legal name, Stern v. Marshall. Some commentators have

Wood Dale Bankruptcy Lawyer On Financial Freedom After Filing Bankruptcy

Link It’s relatively easy for an attorney to get someone out of debt who doesn’t have any assets. What is hard for an attorney is to make certain that the client never falls back into bankruptcy again. This is something I, an experienced bankruptcy

Robbins Bankruptcy Lawyer States That Chapter 7 Relief Limited To Every Eight Years

Link One thing to be aware of is you cannot file a Chapter 7 bankruptcy within eight years of a prior case. Thus, you want to be careful that you do not fall into the same types of traps that led you into bankruptcy in the first place. For example

Steger Bankruptcy Lawyer On Life After Bankruptcy

Link Clients always ask me is there going to be life after bankruptcy. Will I ever get credit again? Will I be able to buy a car again? When will I be able to buy a house? I always advise these clients that not only is there life after bankruptcy

Paying Off Secured Debts In Chapter 13 Bankruptcy

Debtors filing Chapter 13 bankruptcy sometimes approach secured debt payment with confusion and trepidation. There are a lot of misconceptions about how secured debt is treated in bankruptcy and how the debtor is expected to repay secured debt

University Park Bankruptcy Lawyer Provides Great Customer Service

Link By providing customer service, by providing one on one service, you are not only doing your client a good service, but you’re going to get referrals from that client. That client is going to tell other people that I had a good experience at

The Daily Docket: Lehman Drops Barclays ‘Secret Discount’ Appeal

Lehman Brothers Holdings Inc. said Wednesday it will drop its appeal in the so-called secret discount lawsuit against Barclays PLC over the price Barclays paid when it bought Lehman’s U.S. brokerage business in September 2008. Read the Daily

Wauconda Bankruptcy Attorney Provides Great Customer Service

Link One of the things that I do as a bankruptcy attorney is I meet with everyone individually. In many law firms, the bankruptcy attorney never actually meets with the client. In some firms, a paralegal or assistant or a secretary will assist the

Rising-rate CDs: flexibility, with a price

Bankrate's CD Study shows rising-rate CDs start slow, depend on market to catch up.

5 dirt-cheap home staging ideas

Use these DIY tips to boost your home's sales appeal at little or no cost.

Repeat refinance could ding credit

Two mortgage refinances in three months could negatively impact a credit score.

5 costly service fees and how to buck them

Luggage fees weighing you down? Here's how to dodge these and other fees.

Mortgage rates sink to record low

Catchin' a refi in the low-rate mortgage pond seems easy, but the paperwork is a tangle in your line.

Try 5-year CDs to build emergency fund

For the best return on a safe investment, CDs beat other vehicles to save for emergencies.

Get debt collectors to leave you alone

Are you being harassed by debt collectors when the debt isn't yours? Make it stop.

Cheaper, Broader Methods to Screen Deposit Customers

Using closed-for-cause data during the demand deposit account origination process is quite expensive and is not predictive for every risk population.