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

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Atlanta Businessman William Johnson’s Company Enters Bankruptcy

Grounded from his corporate jet and facing accusations fraud, an entity controlled by Atlanta businessman William B. Johnson filed for bankruptcy protection Friday. Once the owner of the Ritz-Carlton Hotel chain, Johnson filed a Chapter 11 petition

Bankruptcy 101: What is Chapter 7 Bankruptcy?

Filing chapter 7 bankruptcy in Colorado doesn’t involve the filing of a repayment plan like chapter 13 bankruptcy. Instead, the chapter 7 trustee sells your nonexempt assets and uses the proceeds of the sales to pay your creditors in accordance with

Survey: Six in 10 Restructuring Pros Predict Double-Dip

If you’re looking for economic optimism these days, you might not want to consult with those who focus on troubled companies. A top restructuring industry trade group found that six in 10 of its members expect the economy to double dip within 18

The Broke and the Beautiful: Stephen Baldwin Edition

This week on The Broke and the Beautiful, Stephen Baldwin’s bankruptcy case has been canned, housewives are sweeping through the press, and both college and professional football are at the center of the bankruptcy spotlight. Reuters Actor Stephen

Owner of Waikiki Edition hotel files Ch. 11 bankruptcy

"The owner of The Waikiki Edition Hotel filed for Chapter 11 bankruptcy on Wednesday as executives from Bethesda-based Marriott International Inc. waited to take back management of the hotel. M Waikiki LLC said the filing would allow the company

Bankruptcy Judge Uses Creative Solution to Help Homeowner in Foreclosure Limbo

Nashville bankruptcy judge George C. Paine, II confronted one of the thorniest issues facing debtors in his district, and crafted a creative solution to deal with the problem. The debtor in that bankruptcy case was caught in a situation more and more

Lesson of Buffett Deal for Banks: The Time to Act is Now

Investor's stake in the future of Bank of America shows a boldness that banks now lack.

New York Giants Punt $300 Million Lehman Claim

Associated Press The New York Giants football squad has punted its chance to have a $301.8 million claim against Lehman Brothers Holdings Inc. paid out on par with other similarly situated creditors of the failed investment bank. A stadium financing

Medical Credit Cards Could Endanger Your Finances

Medical credit cards are lines of credit designed to pay for medical expense such as surgery or medications. Many medical credit cards come with a low introductory rate of zero percent but after a few months can balloon to an interest rate as high as

Bankruptcy Discharge Allows Toni Braxton To Breathe Again

In September of last year, singer Toni Braxton filed her second bankruptcy with a reported $1.6 million in assets and $18.3 million in debts. Her bankruptcy attorney was recently able to win a bankruptcy discharge for some of her debts. Which debts

Circumstances Did Not Warrant Interlocutory Appeal of Order Denying Plaintiff's Motion to Dismiss Its Own Complaint as Lacking Subject Matter Jurisdiction

Mata v. Eclipse Aerospace, Inc. & Production Line Group v. Eclipse Aerospace, Inc. ( In re AE Liquidation, Inc.), Case No. 08-13031 (MFW), Adv. Pro. No. 08-51891 (MFW), Misc. No. 10-193-LPS (May 10, 2011) (J. Stark) On August 4, 2010, the Bankruptcy

BANKRUPTCY BEACH READING: Our Second Bankruptcy Trivia Contest

Think of the last entry in our summer 2011 Bankruptcy Beach Reading series as a combined beach reading/back to school special. Let someone else do all the work closing up your summer house while you test your wits in our second bankruptcy trivia

Court Held That Post-Confirmation Suit for Breach of Two Reinsurance Agreements and Bad faith Refusal to Pay Claims Was Non-Core

Logan v. Westchester Fire Insurance Company (In re PRS Insurance Group, Inc.), Case No. 00-4070 (MFW), Adv. Pro. No. 11-50467 (MFW) (March 30, 2011) (J. Walrath) PRS Insurance Group, Inc. (“PRS”), along with certain of its subsidiaries, commenced

Finish Him! Bankruptcy Court Dismissed Suit Over Mortal Kombat Intellectual Property Rights For Lack Of Subject-Matter Jurisdiction

In re: Midway Games Inc. , Case No. 09-10465 (KG); Threshold Entertainment, Inc. v. Midway Games Inc., et al., Adv. Case No. 09-51081 (KG)(March 29, 2011) (J. Gross) Following their bankruptcy, Midway Games Inc. and its affiliated debtors (the “

The Daily Docket: Hostess Taps Restructuring Advisers

Hostess Brands Inc., the Twinkies and Wonder Bread baker that emerged from bankruptcy protection two years ago, has once again hired restructuring advisers as it struggles with its debt load, The Wall Street Journal reports. Lehman Brothers Holdings

bezpieczne banki w polsce

Banki hipoteczne są instytucjami wyspecjalizowanymi w użyczaniu kredytów hipotecznych oraz refinansowaniu tej działalności na rynku kapitałowym za pomocą specjalnych papierów wartościowych, które posiadają swoje pokrycie w hipotekach

Lack of Credit Scores in QRM Will Lead to the Wrong Choices

Unlike past federal guidelines, the QRM exemption does not include credit scores. Instead, it requires financial institutions to perform an inflexible manual review of derogatory factors in the borrower's credit report.

Who gets car when a loan co-signer dies?

Ownership gets sticky when one loan co-signer dies and the other doesn't inherit the car.

First-time homeowner, first-time mortgage

The first step first-time homebuyers should take is to consult with a reputable mortgage lender.

Set aside cash to wrap up estate

Keep some cash on hand for unexpected estate costs. Once claims are resolved, pay it out.