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Insolvency Service “reframes” view of creditor – IPs can apply their discretion (UK)

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When is it worth it to refinance?

Many factors go into the decision to refinance. Here's how to crunch the numbers.

3 reasons low mortgage rates are key

Before purchasing a home, consider these factors that could cost you more in the long run.

Don't be fooled by these 5 mortgage scams

As the housing market lags, keep away from these crooks looking for a quick buck.

Converting a traditional IRA to a Roth IRA

It may be a good opportunity for folks to convert an IRA with nondeductible contributions to a Roth IRA.

I Can’t Afford To Pay My Creditors But I Don’t Want My Bass Boat Sold!

Yes, it is quite a lot of fun to be skimming across the water heading to that secret spot where you know the big lunker is lurking. You have had a lot of fun fishing over the years and if you could just get your financial issues behind you, you would

The Rating Agencies Are Very Patient with the U.S.

The downgrading of the government to double-A-plus was not only correct but overdue. If anything, S&P should have taken Uncle Sam down to double-A-minus, given the deadlock over revenues and spending.

Why Small Business Hates Banks

Hang on for a tale of excruciating negotiations and thousand-page document requests as a small business tries to provide its landlord with a letter of credit.

Decision in Friedmans's Reviews Delaware Precedent on Recharacterization

Summary In his first published opinion since returning from a well-deserved vacation, Judge Sontchi of the Delaware Bankruptcy Court ruled that facially plausible allegations are sufficient to protect a complaint, which sought to recharacterize

Decision in DBSI Inc., Reminds Us that District Courts have Personal Jurisdiction Throughout the United States

Summary In his first published opinion since returning from a well-deserved vacation, Judge Sontchi of the Delaware Bankruptcy Court ruled that facially plausible allegations are sufficient to protect a complaint, which sought to recharacterize

AIG sues Bank of America for $10B over mortgages

August 08, 2011 1:14 PM EDT NEW YORK (AP) — American International Group Inc. said Monday it sued Bank of America Corp. for more than $10 billion, saying the bank cheated it by selling residential mortgage-backed securities that were overvalued....

THE UNITED STATES TRUSTEE BROWN BAG SERIES

Chapter 11 Compliance Camp: An Overview of New Electronic and Existing Compliance Procedures Presented by Los Angeles Field Office, Region 16 Date: Friday August 19, 2011 Time: Noon to 1:30pm (you are welcome to bring your lunch) Where: Office of...

"Danger Will Rogers...Danger" *

Steven Pearlstein, a columnist for the Washington Post wrote about the "Global Economy Comes To The End Of Its String" and went on to explain, quite "readably" why it's happening. The column, in the 8/6/11 online edition, discusses the fact that we

"Danger Will Rogers...Danger" *

Steven Pearlstein, a columnist for the Washington Post wrote about the "Global Economy Comes To The End Of Its String" and went on to explain, quite "readably" why it's happening. The column, in the 8/6/11 online edition, discusses the fact that we

"Danger Will Rogers...Danger" *

Steven Pearlstein, a columnist for the Washington Post wrote about the "Global Economy Comes To The End Of Its String" and went on to explain, quite "readably" why it's happening. The column, in the 8/6/11 online edition, discusses the fact that we

Dodgers Post $3.3M Loss in June

Associated Press The Los Angeles Dodgers posted a $3.3 million net loss for the month of June, according to papers filed with the bankruptcy court Friday. The team, which filed for Chapter 11 protection in late June, had total revenue of $36.9

Can Bankruptcy Help with an Underwater Car?

The housing crisis has led to plenty of attention for homeowners who are underwater on their mortgages – that is, who owe more on their homes than the properties’ current value. Less press time has been devoted to other types of underwater loans

Meet Judge Mott

Welcome to a new feature of A Texas Bankruptcy Lawyer’s Blog. This will be the first in a series of profiles on the bankruptcy judges in Texas, beginning with H. Christopher Mott. On September 20, 2010, H. Christopher Mott became Texas’s newest

Post-Bankruptcy Survival: Fighting Frugal Fatigue

During this recession many Americans tightened their belts, spent less and saved more; but after a few years of prudent spending, many of us are experiencing frugal fatigue. What is frugal fatigue? Frugal fatigue is when a consumer begins to engage

Letters of Credit – Avoiding the Piaggio Piège

NORTH OF THE BORDER UPDATE This article has been contributed to the blog by Steven Golick, Andrea Lockhart and Jake Leibner. Steven Golick is a partner in the Insolvency and Restructuring Group of Osler Hoskin & Harcourt LLP, Andrea Lockhart is an

Benefits Of Chapter 11 Bankruptcy For Individual Debtors

In most cases, debtors who do not qualify for Chapter 7 bankruptcy file Chapter 13 bankruptcy. However, when a debtor owns lots of property but has little or no income, he/she may want to file Chapter 11 bankruptcy. Let’s take a look at some of the