ABI Blog Exchange

The Daily Docket: Judge Signals Approval of $4 Billion Capmark Bankruptcy Plan

A Delaware bankruptcy judge Friday said he would approve Capmark Financial Group Inc.’s Chapter 11 plan that will see what was once on of the nation’s largest commercial-real-estate lenders exit bankruptcy as a shadow of its former self. Read the

Post-Bankruptcy Survival: How To Get A Bank Account

If you’re like most debtors, you probably filed bankruptcy with a few bounced checks and/or an overdrafted account. If that’s the case, you may run into some problems opening a bank account after bankruptcy if you don’t take certain important steps

"Homeowners Need Help"

That's the headline of the lead editorial today in The New York Times. The Gray Lady urges the Obama Administration to adopt solutions that reduce principal to restore homeowner equity as an essential step to economic recovery. Principal pay down in

Is Excessive Debt A National Security Issue?

According to a Department of Defense study, 19 percent of junior military personnel failed to pay at least the minimum on their credit cards, 12 percent took out payday loans and 11 percent bounced checks. While financial integrity is important in

Anna Nicole Smith Decision Could Impact Bankruptcy Debtors

The Anna Nicole Smith bankruptcy case has extended well beyond the death of the celebrity and may now impact the jurisdiction and power of bankruptcy judges. The central issue raised in the Anna Nicole Smile bankruptcy was whether a bankruptcy judge

ShengdaTech (SDTH.PK) Bankruptcy Update: Financial Records May Have Been "Falsified in Whole or in Part", Sales Possibly "Vastly Overstated"

Bankruptcy Tweets for July 2011 - Part IV

Still catching up... Below are my last 25 bankruptcy case tweets of July 2011 and one other tweet of general interest since my last post of August 20. RSS Feeds are also available. All my twitter posts are here. The chart of What Stocks Typically Do

Systemic Risk Is About Bad Assets, Not Size

Since U.S. legislators and regulators failed to learn how banks' shared delusions generate systemic risk, it's not surprising that European banking regulators also missed the point

Trustee in Meridian Automotive Systems Files Preference Complaints

On August 7, 2009, Meridian Automotive Systems ("Meridian") filed a voluntary petition for relief under chapter 7 of the United States Bankruptcy Code. Soon after Meridian filed its petition for bankruptcy, the Office of the United States Trustee

Deadbeat daughter-in-law reneges on co-signed loan

Even if you don't like your son's wife, if you co-signed her loan, you are on the hook for it.

Debt

More than a quarter of Americans feel less comfortable about their debt than they did a year ago.

Americans' financial security hits low point

In nearly all areas of their personal finances, consumers feel less secure than they did a year ago.

Overall financial situation

Fewer people feel better about their overall financial situation, at 19 percent versus 27 percent in May.

Americans put retirement savings low on priority list

When the going gets tough, retirement savings tend to get lost among competing financial demands.

Net worth

Americans reporting lower net worth reached a year-to-date high of 30 percent.

Money lessons from 5 summer movies

What can you learn about personal finance from "Bad Teacher" and "Cowboys & Aliens."

Worried about your job?

You're not alone, according to this month's Financial Security Index from Bankrate.com.

How much are you saving for retirement?

Many Americans now save less for retirement, according to Bankrate's monthly Financial Security Index.

Savings

Nearly half of Americans feel less comfortable about their savings than they did a year ago.

Don't rush to roll over your 401(k)

What you do with your 401(k) depends on your need for income and your goals in retirement.