ABI Blog Exchange

Chapter 13 Mortgage Cram-Down On Multi-Family Building When Debtor Lives In One Of Units

Chapter 13 debtors can cram-down the value of mortgages on properties other than their principal residence. The debtor initiates the process by filing a motion to value the underlying property. If the property is under water the court will modify...

Consistently High Unemployment Adds To Nations Woes

The Labor Department reports that there are officially 13 million Americans out of work; but if you were to count those who have given up on finding a job unemployment numbers would rise even higher. One of the ironic effects of high unemployment has

Why Michael Vick’s Bankruptcy Plan Is Still A Good Deal

There’s been lots of handwringing and gaping mouths since it was “discovered” that a large portion of Michael Vick’s new contract of $40 million will go to his bankruptcy estate to pay creditors. While it may seem that the bankruptcy payout is an

Oprah-Endorsed Restaurant Files for Bankruptcy

Getty Images Oprah Winfrey can do a lot of things: give you a car, get you to read, inspire a hilarious “Saturday Night Live” skit. But we’ve found one crack in the legendary media maven’s track record of wins. Surprisingly, it seems she can’t save a

Statistics Show Decrease in Small Business Bankruptcies

The latest numbers from Equifax, a credit rating organization based in Atlanta, Georgia, show that small business bankruptcy filings decreased in the first quarter of 2011 compared to the same period in 2010. Down 15 percent from last year, the first

The Only Things Certain in Life: Death, Taxes, and…the Finality of Foreclosure Sales?

The United States Bankruptcy Court for the Northern District of Texas, in Whittle Dev., Inc. v. Branch Banking & Trust Co. (In re Whittle Dev., Inc.), recently held that a trustee or debtor in possession can avoid a prepetition foreclosure sale of a

The Daily Docket: Lehman Plan Clears Hurdle

A judge Tuesday said creditors can vote on Lehman Brothers Holdings Inc.’s historic $65 billion creditor payback plan, nearly three years after the investment bank filed for Chapter 11 protection in the largest bankruptcy case ever. Read the Daily

Deb Shops (DSI Holdings,Inc.) Finds No Other Bidders, Cancels Auction

Nevada AG: Securitization Fail

The Nevada AG is looking to reopen the 2008 AG settlement with BoA: the AG alleges rampant and immediate non-compliance with the settlement. The NYT coverage missed what is arguably the bigger story: the Nevada AG came out and alleged a

Qualteq Bankruptcy Update: First Day Orders Entered, Creditors' Committee Appointed

Bankruptcy Court Sets Schedule for Consideration of Motion to Remove Waste2Energy's Management

Start charging to re-establish credit

By paying off your credit cards, you must restart your credit for lenders to OK a new loan.

How to get federal disaster assistance

When a natural disaster hits, make sure you get the help you need.

8 tax breaks that cost Treasury trillions

As Congress tries to reduce the deficit, your favorite tax breaks may be on the chopping block.

Putting foreign taxes to domestic use

If you paid foreign taxes, you have a choice as how to use them to cut your U.S. tax bill.

Invest in mutual fund on long-term goals?

Some investments build value too slowly to meet long-term goals, but not mutual funds.

Bedbug insurance helps businesses sleep tight

Looking for home bedbug insurance? It's hard to find, but at least your hotel is covered.

What's on sale in September?

As summer ends, Labor Day sales begin. Here are six bargains you'll find this month.

6 questions about Medicare Advantage plans

Not sure if a Medicare Advantage plan is right for you or which plan to choose? Consider these tips.

The best industries for paid internships

Some industries are swimming in paid internships. Find out which ones before you start your search.