ABI Blog Exchange

Purchase of Defaulted CMBS Loans & Discounted CMBS Loan Pay Offs: Step #1 - Understand the PSA

CMBS loans have some very, very unique qualities that come into play when a buyer wants to purchase a defaulted CMBS loan. (These blog posts and this paper [down loaded 300+ times to date] are good resources on understanding distressed CMBS loans

Proposals to "tidy up" Scottish bankruptcy laws have been put forward by the Scottish Law Commission...

The BBC reports: 14 August 2011 Last updated at 19:59 ET Scottish bankruptcy laws under review The commission said existing bankruptcy legislation had "lost coherence" after being heavily amended Proposals to "tidy up" Scottish bankruptcy laws have

Why Do I Have to Include ALL My Creditors in Bankruptcy?

One of the most common questions I am asked is why a clients need to list their mortgage, their car loan, the “credit card that payments are current on that’s just used for emergencies and I really need” or the loan from Mom on their bankruptcy

Is Florida the Next Non-Judicial Foreclosure State?

If the mortgage industry has its way, the passage of a new bill floating around Tallahassee will ensure that Floridians will be displaced from their homes without legal representation or due process. In typical Orwellian style, this bill is entitled

Refinance soon to avoid stricter rule

Many homeowners may be unable to refinance mortgages under a proposed federal regulation.

Don't let jitters jolt you into cashing CD

The investment flavor of the day can be alluring, but don't tap your CD to partake.

Credit counseling: Damaging as bankruptcy?

A credit counseling program averts the stigma of bankruptcy, but may tag you as a credit risk nonetheless.

Executor of mom's will owes money to the IRS

Your personal tax debts do not interfere with your position as executor of your mom's estate.

5 lessons from free credit score notices

Free credit score disclosures triggered by new federal rules contain important lessons about credit.

10 cities with the highest utility bills

Utilities in some cities cost 50 percent more than they do in cheaper cities. What about yours?

AOL's Ad Woes, Despite Expansion of Sites

The Big Interview with Mark Cuban

Current Situation "Structurally Worse" Than 2008 Financial Crisis?

Turning a Profit Will Come Down to Staff Cuts

Consolidation has failed to reduce employment and increase efficiency. Even after many mergers and acquisitions, industry expenses are high and profit is anemic.

Court Orders Turnover of Attorney Files in Billion Dollar Case

Attorneys are entrusted with a lot of sensitive information. The attorney-client privilege exists to allow clients to speak candidly with their attorneys. However, when the same attorney represents multiple parties, the privilege may not be so

Fifth Circuit Rejects Per Se Rule That Recharacterization Applies Only To Insiders

In a recent ruling, the Fifth Circuit Court of Appeals rejected a per se rule that only corporate insiders can have their debt claims recharacterized as equity. Instead, in In re Lothian Oil Inc., 2011 WL 3473354 (5th Cir. Aug. 9, 2011), the Court of

Harry & David cleared to emerge from bankruptcy

"Harry & David Holdings Inc won tentative court approval for its reorganization plan on Thursday, clearing the way for the gift basket maker to emerge from bankruptcy under the control of senior noteholders. U.S. Bankruptcy Judge Mary Walrath, at a

Evergreen Solar files for bankruptcy, plans asset sale

"Evergreen Solar Inc. has filed for bankruptcy, the cash-strapped Marlboro company disclosed in a regulatory filing today. Evergreen, which closed its taxpayer-supported Devens factory in March and cut 800 jobs, has been trying to rework its debt for

Creditors Beware: In Argentine Bankruptcies, Employees Now Call the Shots

Argentine debtors are now subject to employee take-over under the nation’s recently amended bankruptcy code, signed into law by the nation’s President, Cristina Fernandez de Kirchner. Argentine Bankruptcy Law 24,522 as amended by Law No. 26,684, 1

How the Debt Deal Might Affect Student Loans

Media attention to the fallout from the Congress’s last-minute decision to raise the debt ceiling has mostly gone to the downgrade in America's debt rating by credit rating agency Standard & Poor’s. But another potential side effect may have a more