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

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Summer 2011 Edition Of Bankruptcy Resource Now Available

The Summer 2011 edition of the Absolute Priority newsletter, published by the Bankruptcy & Restructuring group at Cooley LLP, of which I am a member, has just been released. The newsletter gives updates on current developments and trends in the

In Death, Fancy Burger Shoppe Keeps Beefy Online Presence

By Joseph Checkler and Rachel Feintzeig Joseph Checkler Burger Shoppe’s doors are locked, its stools empty, and its lights off. On Twitter, however, it’s still Yankee Burger Monday. The lower Manhattan purveyor of the infamous $175 hamburger filed

Post-Bankruptcy Survival: Protecting Yourself From The “New” Payday Loan

Due to the lack of conventional credit access right after your bankruptcy discharge, you may be tempted to take on short-term loans with high interest rates. Most post- bankruptcy debtors already know about the dangers of predatory payday loans; but

What To Do When A Creditor Decides To Sue

Now that the amount of delinquencies and defaults are on the rise, many creditors are using lawsuits more frequently to collect debts. What should a debtor do if they receive notice of a creditor lawsuit filed against them? Below are few tips: Tip #1

Peering Through the Muck: Court Analyzes Operation of Ipso Facto Provisions in LLC Membership Agreements Under Section 541 of the Bankruptcy Code

Some state statutes, as well as the governing documents of some organizations, provide a tidy split between a debtor and any limited liability companies in which it holds an interest by providing for the elimination of a debtor’s membership interests

The Daily Docket: Union Warns of Saab Bankruptcy

Swedish auto maker Saab Automobile AB could be forced into bankruptcy over unpaid wages by the end of this week, The Wall Street Journal reports. A California developer that owns an ocean-view San Clemente property once slated to be the home of

NY Times on Relief for Student Debtors

An editorial was featured in the Saturday, August 27 edition of the New York Times which examined possible legislation allowing private school student loans dischargeable through bankruptcy. Since the start of the recession, record numbers of

Chicago Heights Bankruptcy Lawyer On The Basic Differences Between Chapter 7 And Chapter 13

Link Many clients are confused by the differences between chapter 7 and chapter 13 bankruptcies. There are many technical differences, but there are a few easy things that separate the two chapters. A chapter 7 bankruptcy is often referred to as a


Get Your Daily Dose of Daily Deals at THE DAILY DAC!

There's an online subscription site, THE DAILY DAC, that is quickly gaining traction among bankruptcy and distressed M&A professionals by carving out for itself a niche in the underserved distressed M&A market for smaller acquisitions. With smaller

Capital One Deals Would Make It Too Big in Suprime

Until a recent outcry, the Fed was going to give Capital One's acquisition of HSBC's credit card businesses and ING's deposits a pass without even holding pro forma hearings.

Bankruptcy Attorneys Need To Unplug Every Once In A While

The Bankruptcy Law Network was created to furnish timely analysis of bankruptcy procedure, bankruptcy case law and bankruptcy tips of the trade for the seasoned and newbie bankruptcy practitioner. When we started the BLN, we were a bunch of hungry

6 jobs in decline and how to replace them

Find a new career if your industry is sputtering and your job is in jeopardy.

Don't drain retirement for debts

Your 403(b) may look tempting, but consider the fees and taxes you'll be slapped with first.

Dodge probate with this CD investment

Payable-on-death CDs let you name a beneficiary, but a survivor may face other hurdles.

These mortgages pay for home renovations

Want to buy a run-down home and fix it up, but don't have the cash? There's a loan for that.

10 smart choices for a teen's first car

Your teen may steer you to the hottest cars. Use our Top 10 list for a savvy search.

5 ways to avoid 'free lunch' investor scams

Don't be impulsive and make the wrong investment just because somebody bought you a steak.

How To Beat A Debt Buyer’s Claim

Today, I’m going to stand on the shoulders of my colleague Kent Anderson and add to his post on Objecting to Credit Card Claims in Bankruptcy. You do this as a Chapter 13 debtor when you are above median or have unprotected assets. In either

Hard to cancel time-share purchase

Can you cancel a time-share purchase when the seller stalls past the rescission period?

Should a HELOC cover your college costs?

Thinking about using a home equity loan to cover your college costs? Consider the pros and cons.