Skip to main content
Help Center
banner

ABI Blog Exchange

article-exchange

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

Read Article

Crestwood Bankruptcy Lawyer Mentions Form 22

Link Let’s examine briefly, Form 22 to the bankruptcy petition. Now honestly, Form 22 is a bit complicated or at least it can be a bit complicated. Form 22 looks at the current income of the client. In some cases when the client makes too much money

What’s Fraud Got to Do With It? Permitting Confirmation Orders to Control Over Plan Language

Often, the days leading up to confirmation of a plan are a whir of negotiating activity, involving last-minute compromises and modifications to the plan and confirmation order. In the rush to confirm a plan of reorganization, it is important to

My Bankruptcy Case Was Dismissed Should I Refile?

Facing a bankruptcy case dismissal can be a huge blow to the debtor in financial trouble. But there is hope. A bankruptcy debtor can refile their case even after a dismissal but they may not have the full protection of the automatic stay. Debtors who

The Daily Docket: Swedish Court Rejects Saab Bankruptcy Bid

Saab Automobile AB Thursday met new obstacles as a Swedish district court rejected the cash-strapped company’s application for bankruptcy protection. Read The Wall Street Journal story here. The Federal Deposit Insurance Corp. is asking a bankruptcy

A/B Note Structure Is Tough: More Points For Your Due Diligence List

More on my focus on A/B Note structures ( earlier posting), covering key structural points that surface during a workout involving both an A note and a B note: What is the credit support impact of the B note holders rights? Huge. If the intercreditor

Filing Bankruptcy: Do I Have To Keep My Condo?

Colleague Dana Wilkinson calls it “ foreclosure limbo.” You made the difficult decision, accepted reality, you cannot pay your debts, and, even filing bankruptcy, cannot keep your condo. Or, like one of my clients, the condo you bought for your son’s

8 rules of thumb for your financial life

These money maxims can help keep your finances afloat, but each comes with a warning.

Speculators, Not CRA, Behind Foreclosures in Black Neighborhoods

Outside investors living in other, predominantly white neighborhoods, not local homeowners, account for the foreclosures in our nation's black communities.

10 costliest U.S. natural disasters

Mother Nature can cause major damage. Which cost more, Katrina or the Northridge earthquake?

Taxed to the max in nondeductible IRA

All gains in your IRA will be taxed at ordinary income tax rates, no matter what their nature.

Natural disasters getting more costly

Since 1980, the U.S. has been hit by 110 billion-dollar disasters. Can we weather the storm?

5 bad financial fumbles by NFL players

Scoring touchdowns doesn't equate to realizing a return on investments. These football stars can attest.

Kerner Optical Sees End of Days

Kerner Optical LLC, a California special-effects company once controlled by director George Lucas, has shut its lights for good after seven months in bankruptcy. The Marin Independent Journal reported that Kerner’s demise partially stemmed from a

Step Aside, Washington - Let Banks Get Back to Business

President Obama should acknowledge that something is seriously wrong with the government's response to the financial crisis of 2008 and chart a new course.

Arlington Heights Bankruptcy Attorney Describes The Expectations Of Client And Attorney

Link Clients oftentimes misunderstand just what they can and cannot expect from their bankruptcy attorneys. Sometimes this is due to never having retained an attorney. Other times it’s the stress that brought them to the attorney in the first place

NewPage, Cerberus-Owned Papermaker, Files for Bankruptcy

"NewPage Corp., the largest North American maker of coated papers, filed for bankruptcy six years after being bought by Cerberus Capital Management LP. NewPage had $3.4 billion in assets and $4.2 billion in debt as of June 30, according to...

The Importance of Fully Disclosing Litigation Claims On the Debtor’s Bankruptcy Schedules

Prepared for the Insolvency Law Committee – Business Law Section of the State Bar of California by Zev Shechtman of Danning, Gill, Diamond & Kollitz, LLP, in Los Angeles, California Two recent cases from the Second Appellate District of the

The Importance of Fully Disclosing Litigation Claims On the Debtor’s Bankruptcy Schedules

Prepared for the Insolvency Law Committee – Business Law Section of the State Bar of California by Zev Shechtman of Danning, Gill, Diamond & Kollitz, LLP, in Los Angeles, California Two recent cases from the Second Appellate District of the

Minnesota Attorney General Sues 5 Internet Payday Lenders for Automatically Extending Loans

The five lenders, Flobridge Group LLC, Silver Leaf Management and Upfront Payday, all of Utah; and Integrity Advance and Sure Advance LLC, were each sued separately for violating Minnesota’s small loan laws. The total U.S. market for Internet payday

Lien Stripping In “No Discharge” Chapter 13 Bankruptcy Cases

In a recent bankruptcy case involving a debtor who filed Chapter 13 bankruptcy within four years after receiving a Chapter 7 bankruptcy discharge, the bankruptcy court ruled that he had a right to strip the wholly unsecured junior mortgage lien