ABI Blog Exchange

The Broke and the Beautiful: Reality TV Edition

Getty Images This week on The Broke and the Beautiful, Toni Braxton loses the blues in bankruptcy court, the Salahis crash the fashion section of the New York Times, and the Los Angeles Dodgers are hit with ups and down. Toni Braxton’s heart may have

Four Drastic Actions Debtors Take (But Shouldn’t) To Avoid Bankruptcy

Debtors often go to great lengths to avoid bankruptcy. Unfortunately many of these drastic measures not only fail to help the debtor avoid bankruptcy; but may worsen their financial situation. Let’s take a look at a few of the drastic actions debtors

Post-Bankruptcy Survival: Your Credit Score Is Not What You Think

Just in case you weren’t confused enough about all the ways to monitor and possibly improve your credit score after bankruptcy, a report by the Consumer Financial Protection Bureau (CFPB) has revealed that the FICO score you see probably isn’t the

Passing The Means Test: More Important Deductions

Debtors who earn more than the median income for their state will need to take the means test to determine their eligibility for Chapter 7 bankruptcy. Below are some important deductions above-median income debtors may want to consider when thinking

LaGrange Park Bankruptcy Attorney And the Chapter 13 Supplemental Payment

Link Let’s talk about the supplemental payment that I like to send to the trustee. This is not the first plan payment that is required within 30 days after the filing. That payment should be coming out through payroll control. The reason for the

Rhode Island City Files for Bankruptcy Protection

The city of Central Falls, R.I., battered by debt and years of financial woes, has filed for bankruptcy protection. Central Falls has Rhode Island's highest unemployment rate - about 15 percent - and the state's lowest per-capita income, data

The Daily Docket: Court Sides With Lehman in SunCal Fight

The federal appeals court in San Francisco sided with Lehman Brothers Holdings Inc., finding that California real-estate developer SunCal can’t push the failed investment bank’s debt below that of other creditors without the permission of the judge

BANKRUPTCY BEACH READING Bankruptcy Trivia–Answers Revealed

Thanks to all of you who participated in our first ever Bankruptcy Trivia contest. Although no one sent us an entry with 100% completely correct answers, we did select at random one lucky respondent to receive the complete Weil bankruptcy nerd swag

Hodgkins Bankruptcy Attorney Lists The 3 Chapter 13 Trustees In Northern Illinois

Link There are three Chapter 13 trustees in the Chicago area that you are likely going to see. There are two in Cook County; Marilyn Marshall is one person’s name who runs that office. The other one is Tom Vaughan. Anybody who files in Cook County

Tribune Co. Seeks Approval of Settlement of New York State Minimum Wage Class Action Claims

NY AG Unsheathes Excalibur

NY AG Eric Schneiderman came out with guns blazing in the proposed Countrywide investor settlement litigation. It his filing intervening in the action and suing Bank of New York Mellon for breach of fiduciary duty, persistent fraud, and violations of

Standing to Invoke PSAs as a Foreclosure Defense

A major issue arising in foreclosure defense cases is the homeowner's ability to challenge the foreclosing party's standing based on noncompliance with securitization documentation. Several courts have held that there is no standing to challenge

Avoid the brand-new car blues

Some first-year car models go through growing pains, but not all do.

3 ways to keep bank fees from adding up

If bank fees are biting into your hard-earned savings, use these tips to avoid certain penalties.

5 frugal ways to ease moving pains

Moving to a new home is stressful. These tips will help you save time and money.

Bank has right to jack up CD fee

Make sure you read the fine print on how a bank can raise its fees before investing.

Can't make your final car loan payment?

It's just like every other car payment. Miss it and the repo man will pay you a visit.

Surprise celeb hideaways

Need to get away to a secluded place? Follow these celebrities to their favorite hideaways.

Are you covered if your nanny sues?

If you employ a household staff, make sure you're insured for claims of wrongful acts.

Don't Let the Rating Agencies Regain Their Old Powers

Banks must be encouraged to develop standardized methods of calculating risk and capital as a substitute for external credit ratings.