ABI Blog Exchange

Evergreen Solar Files Bankruptcy In Delaware

On August 15, 2011, Evergreen Solar ("Evergreen"), filed chapter 11 petitions for Bankruptcy in the United States Bankruptcy Court for the District of Delaware. According to the Declaration of Evergreen's CEO, Michael El-Hillow (the "Declaration" or

Your Government Prefers Chapter 13

Today, I went looking for the court costs payable by chapter 13 debtors who wants to convert their cases to chapter 7. I admit that like many Americans my starting point was Google. I quickly landed here, at the Bankruptcy Basics page provided by the

How your credit affects insurance premiums

An insurance score is one factor that can drive up premiums. Here's how the scores work.

Reinvesting CDs? Be safe, not sorry

Sidestep risk by sticking to FDIC-insured investments over a one- to two-year timeline.

Ask IRS to forgive taxes on forgiven debt

File an Offer in Compromise, saying you doubt you're liable for the tax from the forgiven debt.

Can you mend the foreclosure next door?

What can you do about a foreclosure in your neighborhood? You have a few options.

Will bankruptcy solve mortgage crisis?

Debts, including mortgages in foreclosure, might be a good reason to see if bankruptcy can help you.

11 ways to avoid hurricane costs

You can't control hurricanes, but you can minimize losses and save on insurance premiums.

5 apps to pack on road trips

Check out these apps to make any trip bearable, from finding good deals to bathroom stops.

Midlothian Bankruptcy Lawyer Knows How To Represent The Debtor

Link The bankruptcy petition is loaded with information about the debtor. Not only does it detail income earned from employment, but it lists other sources of income as well such as rental income, unemployment, social security, or investment income

Ford Heights Bankruptcy Attorney Depicts The Schedules For Filing

Link Prior to filing a bankruptcy petition, the debtor meets with his attorney and assists the attorney in completing the bankruptcy petition and schedules. The bankruptcy petition is nothing more than a request for relief, asking that his or her

Matteson Bankruptcy Lawyer & The Trustee’s Meeting

Link A Bankruptcy trustee is appointed by the court in most jurisdictions to determine whether or not a debtor is eligible for discharge and whether the debtor has any assets that he or she can liquidate for the benefit of creditors. Determining

University Park Bankruptcy Lawyer States That 95% Of Debtors Never See The Judge

Link Chapter seven bankruptcy is often referred to as a total liquidation. This is somewhat of a misnomer because not all assets that belong to a debtor are liquidated. And not all debts that are owed by a debtor are liquidated. Chapter seven is part

Indicted Ex-Fry’s Exec, Now Bankrupt, Owes Tens of Millions to Casinos

"An ex-Fry’s executive indicted on a charge of allegedly trying to shake down the electronics store’s vendors to support a lavish lifestyle has filed for bankruptcy, listing nearly $137 million in debt, much of it to Vegas casinos." Read more...

One More Time, With Feeling

A Credit Slips reader pointed me to an article in the Atlanta Journal-Constitution pondering why the bankruptcy rate is falling. The piece is filled with quotes about the relevance of the economy and the cost of filing bankruptcy. Most of it is wrong

Appraisal Management Companies Create More Problems Than They Solve

As an independent licensed mortgage lender I developed a thick Rolodex of appraisers with expertise in specific communities over the past 14 years. It is now worthless.

Southern District of New York Affirms Disallowance of Late-Filed Administrative Claim in Delphi Corp. Bankruptcy

Feds to AGs: Can't Touch This

As this NYT story notes, the administration has been putting pressure on the AGs, particularly NY AG Schneiderman, for several weeks now, urging them to fall in line with the administration's hear-no-evil, see-no-evil position on MBS and servicing

Underwater Mortgage? Help May Be on the Way!

As a proud member of the National Association of Consumer Bankruptcy Attorneys (“NACBA”), we wanted to pass along breaking news about NACBA’s Principal Paydown Plan, which was featured in the New York Times. Click here to read the NY Times article

How Can Social Media Affect Bankruptcy?

Most of us have heard warnings about how social media can affect our lives in unexpected ways (e.g. robberies that occur when people post their out-of-town status on Facebook), but the effect of social media on bankruptcy filings is less well known