ABI Blog Exchange

Toni Braxton Scores Bankruptcy Victory

Reuters/Ints Kalnins Toni Braxton is now free of debt…or at least certain debts. The Grammy-winning songstress on Friday won an order discharging her from certain debts in her pending Chapter 7 bankruptcy case, court papers show. According to the

Walt Mossberg on Steve Jobs's Legacy

Train Everyone in Sales - From the Top Down

If you are going to be in banking in the future, you are going to be "in sales."

Altneratives to bankruptcy

Here at Shenwick & Associates, we keep a close eye on the news related to bankruptcy, and one news story that caught our eye was about the recent drop in bankruptcy filings. In New York and New Jersey, bankruptcy filings were down by 5 percent from

Vick’s $100M Contract Could Mean Big Bucks for Creditors

Associated Press Philadelphia Eagles quarterback Michael Vick at the end of an NFL preseason game against the Cleveland Browns on Aug. 25. Michael Vick’s new six-year, $100 million contract with the Philadelphia Eagles should be a boon to the

Should You Bring Up Your Bankruptcy During A Job Interview?

Many debtors filing bankruptcy worry about how potential employers will view their bankruptcy filing. The truth is that the vast majority of employers probably won’t care. Bankruptcy has become very common and companies are more educated about why

Unjust Enrichment’s Impact On Your Bankruptcy

Debts which are incurred because of unjust enrichment cannot be discharged in bankruptcy. Unjust enrichment is when one party gains an unearned benefit at another party’s expense. The bankruptcy court demands that the debtor who unjustly gained the

What You Should Know About Bankruptcy

Is your debt burden becoming unbearable? Are you unable to make your payments on time, or have missed one or more payments? You may be reviewing your options for finding a debt relief solution that works for you. Although there are several options

Debt Ceiling Deal Making Progress

While most of us were out running errands, spending time with family and lounging around the house this past weekend, our nation’s congressional leaders were busy hammering out a deal to help resolve the debt crisis. After a long weekend of debate

Your Personal Debt Ceiling

Lately, much attention has been given to the national debt and the debate over how to fix it. We owe more than we can afford to pay back, we lack the money needed to pay our national “everyday” expenses and our time is running out. Despite the

Texas Foreclosures Dropping

Texas bankruptcy attorneys have been quite busy over the last few years helping people save their homes from foreclosure. The economy hasn’t been kind to the housing market, and even the most affluent of neighborhoods have been riddled with

Consumer Confidence And The Economy

We are in debt, the country is in debt. The job market is less than fruitful and the majority of us are treading water just to stay afloat financially. In times like these it is easy for us to become cynical and pessimistic about the fate of our

Jefferson County, AL Nears Record Breaking Bankruptcy

It may come as a surprise to many that an entire city, or county, could file for bankruptcy. In fact, there have been many municipalities, big and small, that have sought debt relief through Chapter 9 bankruptcy protection. Although they aren’t

Government Overspent On Homebuyer Tax Credits

During one of the lowest points in the recent housing market slump, the government designed a tax credit to spark incentive for home purchases. The program offered first time home buyers a tax credit of $8,000 in cash for qualified purchases; and

Rules To Know In Texas Bankruptcy

It is no secret that Texas doesn’t run with the pack on most issues. We Texans tend to follow our own lead and do things a bit differently than the rest. Bankruptcy is no exception. Texas has some very important variations of bankruptcy laws that we

Ireland Homeowners Getting Mortgage Relief

American homeowners aren’t the only ones struggling to keep their mortage payments current. The housing market slump has expanded to other parts of the globe and the pressure to keep mortgage loans out of default is spreading. However, homeowners in

The Fight For Financial Literacy

The government isn’t the only ones experiencing problems with balancing their budget. More of us are becoming overburdened by debt with each passing month, and many are experiencing financial setbacks that could take years for a recovery. The

Keeping Up With

For those Slips readers who are not regular Bloomberg people, I highly recommend today's bit from Bill Rochelle about the 5th Circuit's recent bankruptcy decisions, and the role of Chief Judge Jones.

Second Circuit Affirms Madoff Trustee’s Utilization of the “Net Investment Method” In Determining the “Net Equity” Value of Customers’ Claims

The recent decision by the Second Circuit Court of Appeals affirming the bankruptcy court’s decision in In re: Bernard L. Madoff Inv. Sec. LLC (previously reported about here) reaffirms one of the fundamental legal principles of U.S. bankruptcy law

The Daily Docket: Innkeepers Sues Cerberus

Innkeepers USA Trust said Cerberus Capital Management LP abandoned a $1.12 billion deal to buy the hotelier as part of a ploy to pay a lower price and must close the transaction or pay “substantial damages,” The Wall Street Journal reports. A judge