ABI Blog Exchange

WaMu Plan Ruling Puts Distressed Investors on Notice

Associated Press/Ted S. Warren Bankruptcy lawyers will be beating each other over the heads for years to come with Judge Mary Walrath’s latest ruling in the big bankruptcy case of Washington Mutual Inc. Rejecting the company’s Chapter 11 plan

Will Congress Ban Bankruptcy Court “Shopping”?

Democratic Rep. John Conyers Jr. of Michigan and Republican Rep. Lamar Smith of Texas sent Washington a proposal to change the bankruptcy law so that businesses seeking bankruptcy protection must do so in the state where they primarily operate their

Bankruptcy means test: Watch out for January 2012!

Your bankruptcy means test may be too high if you file your bankruptcy case in January 2012. People with bi-weekly paychecks get 26 paychecks a year. Usually you will have 13 paychecks in the six months look-back period of the bankruptcy means test

Top 10 Reasons to Choose Reed Allmand as your Bankruptcy Lawyer

Major Banking Reforms to Be Implemented in the UK … Eventually …

On September 12, the UK Independent Commission on Banking (ICB) published its Final Report on and recommendations for reforms to improve financial stability and competition in UK banking. The Final Report follows on from an Interim Report published

Is it time to make (some) student loans dischargeable in bankruptcy?

Congtressman Clarke makes a modest proposal The latest news out of the Department of Education is that student loan default rates have risen 25% over previous figures, and the increase is especially pronounced among for-profit colleges. This should

Credit Bidding In Chapter 11 Bankruptcy

Technically speaking, a business in Chapter 11 bankruptcy cannot receive a discharge of their debts. However, there is a way that a bankruptcy debtor in this chapter can receive debt forgiveness from their creditors. One of the most common ways of

The Seventh Circuit Upholds a Secured Creditor’s Credit Bidding Rights under Section 363(k)

The conflict at the circuit level over whether a debtor may obtain confirmation of a plan under the indubitable equivalent standard of a plan that proposes to sell assets free and clear of liens, all while prohibiting a secured creditor’s right to

The Daily Docket: NHL’s Dallas Stars Poised to File for Bankruptcy

The National Hockey League’s Dallas Stars team is expected to file for Chapter 11 bankruptcy in Wilmington, Del., within the next day, said a source familiar with the team’s plans. Read Eric Morath’s story in the Daily Bankrutpcy Review here. Marco

Waukegan Bankruptcy Lawyer On The Magic Of The Automatic Stay

Link One of the most important aspects of getting a bankruptcy case filed is something called the “automatic stay.” Now if I had a soundtrack here, when I mention the word “automatic stay” you’d be hearing the hallelujah choir in the background. This

Which is better, annuity or CD?

If CDs or an annuity are your choices, answering these two questions can help you decide.

Bank CDs versus brokered CDs

It's not just the yield. There are other factors you should weigh before buying.

401(k) withdrawal rules can be tricky

You lose the separation-from-service exception to avoid a tax penalty if you roll over funds to an IRA.

Mortgage rates trickle to another record low

Continued economic uncertainty here and abroad is keeping mortgage rates at all-time lows.

Worry about foreclosure, not credit score

Not paying your second mortgage will likely be more damaging than a lowered credit score.

6 house repairs not to neglect

Take on these minor home maintenance jobs before they become a major expense.

World's most expensive tailgate party

This football season, it all hinges on the tailgate. Here's how to out-bling the rest of the lot.

Bankruptcy Glossary: “Assume”

When you “assume” a contract in bankruptcy, you are agreeing to continue performing your duties under the contract. For example, if you currently have a monthly service contract with a cellphone provider – like AT&T, Verizon or T-Mobile – you are

Devils, Stars Could Skate Into Bankruptcy Together

Associated Press The Dallas Stars’ Alex Goligoski is knocked to the ice after making a pass by the New Jersey Devils’ Dainius Zubrus in a February hockey game. A decade ago, the National Hockey League’s Dallas Stars and New Jersey Devils met in the

Stop Blocking, Start Embracing the Social Enterprise

You may already be involved in attempting to engage your customers and prospects through social media, but how are the same social channels influencing activity throughout your bank?