ABI Blog Exchange

Section 1104(d) – Appointment of Trustee or Examiner

Our highly sophisticated, bankruptcy literate computer has been hard at work uncovering some of the more hidden treasures of the Bankruptcy Code, and, for this second edition of Breaking the Code, has selected section 1104(d). For those of us not

Chapter 7 Debtor's Liability For Monthly Lease Payments Due After Filing Bankruptcy

One of my Chapter 7 bankruptcy clients rented a house under a one year lease. The lease expires at the end of August, 2011. The client filed bankruptcy in April, 2011. The client stayed in the house and paid rent...

Three Reasons Why You Shouldn’t Fear Chapter 13 Bankruptcy

Chapter 13 bankruptcy has become the dreaded type of bankruptcy that every debtor wants to avoid. It’s unfortunate because Chapter 13 bankruptcy provides the type of flexibility and protection that many debtors who are fully employed need

A Plea to Financial Reporters

Why do financial reporters insist on reporting interest rates on complex consumer financial products as if they were meaningful in isolation? To wit, anotherwise good New York Times story http://www.nytimes.com/2011/08/15/business/low-interest-rates

How To Keep Employees During Chapter 11 Bankruptcy

Handling your employees properly during Chapter 11 bankruptcy is essential if you want to retain the best and brightest workers for your buisness. Below are a few tips on how to retain employees during bankruptcy: Open the lines of communication and

Subprime Car Loans And Bankruptcy’s “910 Day” Rule

Debt troubles don’t really have a timeline where things start out bad and then get a better over time. To the contrary, debt troubles start out slow and then snowball into an avalanche of financial crises which usually end only once the debtor files

The Daily Docket: Creditors Say Lehman Plan to Easy on Fuld, Others

The government’s bankruptcy watchdog and disgruntled investors suing Lehman Brothers Holdings Inc.’s former leaders are both objecting to the investment bank’s bankruptcy liquidation plan, saying it’s too easy on the executives and board members who

Qualteq Inc. and Affiliates (d/b/a Vmark Companies) File for Chapter 11 Bankruptcy Protection in Delaware

Keep your children’s and your parents’ assets out of your bankruptcy!

Too often, parents forget to consider their children’s assets when filing bankruptcy. For example, they may control accounts under the Uniform Transfers to Minors Acts. They may have custodian accounts. They may serve as trustee under various trusts

Repossessed car wrecks credit

A repossessed car will drive down your credit, but don't let it floor you forever.

Getting your student a credit card

Don't give your college student the keys to your credit card without some driver's ed.

Students score top discount perks

Don't pay full price when you're a student. From laptops to new clothes, student discounts abound.

5 ways to fight back-to-school costs

As students head back to school, don't let the costs of clothes and supplies break your budget.

10 best colleges for the money

Some of the schools boast low tuition, while others offer handsome financial aid packages.

6 tips for frugal back-to-school savings

You don't have to spend a pile of money on school needs. Follow these frugal tips to save big.

Are you ready to buy a home?

There is more to buying a home than affording the monthly mortgage payments.

Try FHA if HARP refinancing is a no-go

If you can't meet HARP's refinancing conditions, try another program that's a better fit.

5 ways thieves steal credit card data

Your credit card doesn't have to go missing for fraud to occur. Experts explain common schemes.

How much does a life insurance agent pocket?

Is your agent steering you to the best option? Commissions can be higher on some policies.

Surprise! College costs even more than you thought

College expenses don't end at tuition and room and board. Here's where college costs can get you.