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

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Four Reasons Why Debtors Shouldn’t Fear Bankruptcy

One of the biggest reasons why so many debtors fail to file bankruptcy as soon as they need it is because they are often paralyzed with fear about the bankruptcy process and the effects that bankruptcy will have on their life. Below are four reasons

The Daily Docket: FBI Raids Solyndra

Federal Bureau of Investigation agents on Thursday raided the headquarters of a California solar-panel maker that filed for bankruptcy this week and left U.S. taxpayers on the hook for as much as $527 million. Read The Wall Street Journal story here

Bankruptcy Glossary: The “Automatic Stay”

When you file bankruptcy, an “automatic stay” takes effect. The “automatic stay” is like a shield that protects you from banks, credit cards and collection agencies. To be more precise, bankruptcy’s “automatic stay” is a legal injunction that stops

These cars avoid crashes without your help

Anti-collision systems can protect you, but they can also help you save money. Find out how.

Refinance your car loan and save money

Tweaking your car loan with a better rate will cut your cost, but another way works, too.

How Obama's $447 billion jobs plan affects you

Sprinkle tax cuts with government spending, and you have Obama's recipe for creating jobs.

Mortgages fall and 15-year refinances boom

As mortgages tumble, refinancers reduce their interest rates and loan lengths, too.

Is paying off your mortgage the best move?

You could devote extra cash to the mortgage, but look at boosting retirement savings, too.

10 part-time jobs for retirees

Nearing or in retirement? These part-time jobs can keep your wallet flush with cash.

5 ways to fall victim to credit card fraud

Looking to get scammed? These moves could make you a victim of credit card fraud.

Long-term care insurance lingo to know

Before you buy long-term care insurance, make sure you understand policy jargon.

4 famous movie homes for sale

These homes have character. In fact, they were characters in movies. All four are for sale.

A Mortgage Banker's Memories of Sept. 11

That morning I was sitting on the early train, watching the sunrise over the ocean, headed to Newark to attend a Fannie Mae lending conference.

Stern v. Marshall: Effects on Delaware

On June 23, 2011, the Supreme Court issued a ruling that has sent waves through bankruptcy courts across the nation. Stern v. Marshall, 131 S.Ct. 2594 (2011), is the latest opinion in a long running dispute between the estate of Vickie Lynn Marshall

Saab in New York?

So the Swedish court's decision to deny Saab's reorganization petition gets me wondering if the company might not decide to file a US chapter 11 case. The only problem is that, best I can tell, Sweden has no provision for recognizing a foreign

Lawmakers Consider Bankruptcy ‘Forum Shopping’

Weighing legislation that would divert large corporate bankruptcy cases away from the two top courts that now handle most of that work, federal lawmakers heard testimony from an expert panel that largely countered the doomsday predictions from the

Bank Stocks Have Fallen and Can't Get Up

August was a difficult month for bank stocks. The situation reflects a crisis of strategy. Most banks have not addressed their fundamental cost-structure imbalance.

Credit Bidding in the Supreme Court?

My latest Dealbook post deals with the circuit spilt that has developed with regard to a secured lender's right to credit bid when a sale is conducted as part of a plan.

Palos Heights Bankruptcy Lawyer Says Notice All Creditors

Link The unsecured creditors, which in most cases include credit card bills, medical bills, and things of that nature, need to be fully listed on the bankruptcy petition. We always give the client the opportunity to review the entire petition. We ask

Merrionette Park Bankruptcy Lawyer On What To Do When Creditors Won’t Stop

Link Most creditors understand the bankruptcy process and abide by its rules. They know that once a case is filed, they must cease and desist from all collection efforts or suffer court-imposed sanctions. There are some creditors, however, who