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

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Governance Survey Questions Current Thinking on Board Composition

The 2011 Corporate Board of Directors Survey from Stanford's Rock Center and Heidrick & Struggles suggests that active CEOs may not make the best board members. We asked Professor David Larcker, corporate governance expert at Stanford, to discuss

Cicero Bankruptcy Lawyer Tells Of Court Date Timeline

Link Once the bankruptcy case is filed, the court will set a date approximately four to six weeks after the case is filed. The client will shortly receive their court date letter from the law firm and one from the clerk of the bankruptcy court. One

Making A False Oath Can Lead To Denial Of Bankruptcy Discharge

In a recent Chapter 7 bankruptcy in Texas, a creditor attempted to have a debtor’s bankruptcy discharge denied because they allegedly made a false oath. The bankruptcy code describes the parameters for which a debtor’s discharge can be denied as the

FTC Shuts Down Illegal Payday Lender Wage Garnishment

The Federal Trade commission reported this week that it has halted a payday lender from attempting to garnish consumers’ wages without the necessary court order. The company, Payday Financial, LLC, reportedly did business under the names Big Sky Cash

Governance Survey Questions Current Thinking on Board Composition

The 2011 Corporate Board of Directors Survey from Stanford's Rock Center and Heidrick & Struggles suggests that active CEOs may not make the best board members. We asked Professor David Larcker, corporate governance expert at Stanford, to discuss

Governance Survey Questions Current Thinking on Board Composition

The 2011 Corporate Board of Directors Survey from Stanford's Rock Center and Heidrick & Struggles suggests that active CEOs may not make the best board members. We asked Professor David Larcker, corporate governance expert at Stanford, to discuss

More College Grads Filing for Bankruptcy

Historically, the typical personal bankruptcy filer has been low-income and under-educated. But over the past five years, financial distress has affected more and more people with college degrees. According to a new study by a financial nonprofit

FDIC is Meeting Today on Living Wills

As we reported last week, the FDIC is meeting today and expected to approve the final rule implementing the living will requirements under Dodd-Frank. We will post an update this afternoon following the FDIC meeting, so please check back with the

Should I Surrender Or Protect That Asset In Bankruptcy?

Filing bankruptcy helps debtors discharge debt; but more importantly it helps them protect their valuable assets from creditors. When a debtor decides to file bankruptcy, the most important decision they will make is whether or not they will protect

Bankruptcy; Not a Four-Letter Word

Bankruptcy has had a bad reputation over the decades for some good and some bad reasons. The good reasons for a bad reputation all boil down to the issue of fraud: people who have assets and are hiding them from creditors, or people who went into

Bankruptcy; Not a Four-Letter Word

Bankruptcy has had a bad reputation over the decades for some good and some bad reasons. The good reasons for a bad reputation all boil down to the issue of fraud: people who have assets and are hiding them from creditors, or people who went into

Bankruptcy; Not a Four-Letter Word

Bankruptcy has had a bad reputation over the decades for some good and some bad reasons. The good reasons for a bad reputation all boil down to the issue of fraud: people who have assets and are hiding them from creditors, or people who went into

The Daily Docket: Thornburg Suit Can Proceed Against BarCap

A federal judge ruled that the court-appointed trustee overseeing the liquidation of Thornburg Mortgage Inc. can move forward with a lawsuit against Barclays Capital Inc. over allegations that the bank made improper margin calls that helped drive the

Uncle Sam pitches in for child care

Expenses paid with a flexible spending account can't be claimed for the child care credit.

Convert from Ch. 13 to Ch. 7 in bankruptcy?

Certain requirements must be met before you can convert your bankruptcy from Ch. 13 to Ch. 7.

Choose 529 plan over Roth IRA for college

While a Roth account can work for college savings, a 529 plan has tax and other advantages.

5 refinance tips for borrowers

Joining the refi boom? Be ready to move fast, and stay on top of your lender to get the best rate.

The cost of being a celebrity cheater

Celebrity divorces tend to cost more than just the marriage, especially if infidelity played a role.

'The craziest thing I did to save money'

Consumers get creative and colorful when they are forced to stretch their dollars!

A cheat sheet on tipping do's and don'ts

These tips on tipping should be your guide to gratuities in eateries, airports and many other spots.