ABI Blog Exchange

Solid Debt Relief Advice From Chicago Bankruptcy Attorney

Link This is the case study for Mr. Washington, who lives on Bennett Street in Chicago. He comes to us with a Chapter 7 scenario. He filed once before back in 1992 or 1993, he wasn’t sure. He does have a single-family home worth about $670,000.00

140 Risky Characters You Don't Want on the Sales Force

Never, ever, give Twitter accounts to stockbrokers. If you give thousands of commission-based sales people access to broadcast media, someone is bound to say something stupid.

Why Do Pundits Forget the Lender of Last Resort Function?

Many commentators ignore this part of the central bank's job and think any bank that gets central bank liquidity is a failed bank.

A Closer Look at the Ultimate Acquisition Partners' Bankruptcy

Introduction A couple of weeks ago, the Chapter 7 Trustee (the "Trustee"), in the Ultimate Acquisition Partners bankruptcy, began filing complaints to avoid and recover payments the Trustee alleges constitute preferential transfers under section 547

Bankruptcy Trustee Sentenced To 81 Months In Jail

Former U.S. Bankruptcy Trustee Marika Tolz, who was convicted of misappropriating bankruptcy estate funds, was sentenced to 81 months in jail, followed by 3 years of supervised release, 18 months of which will be served under house arrest. For more

Hiring A Bankruptcy Attorney: Prohibited Methods Of Payment

When hiring a Dallas bankruptcy attorney what payment methods to use are often NOT at the top of a debtor’s list of things to think about. However, payment methods are in fact restricted when hiring a Dallas bankruptcy attorney. Because some payment

Fifth Circuit Trusts (Chapter 7) Trustee's Interpretation of Trust

In an interesting ruling that has more to do with trust law than bankruptcy, the Fifth Circuit has ruled that a bankruptcy court incorrectly held that a trust was not property of the estate. Roberts v. McConnell, No. 10-50462 (5th Cir. 6/15/11) . You

Federal Trade Commission Bans Online Payday Lender’s Unfair Business Practices

The Federal Trade Commission (FTC) has banned Swish Marketing, Inc. and their affiliates from promoting payday loan products (or any product) with a “negative-option” program and ordered the company to pay consumers $4.8 million because they trick

Ride or Die

Alas, one of California’s most popular motocross-driven retail chains will ride on. A group of investors gathered under the new name Ryderz Compound Inc. has purchased nearly all of No Fear’s three dozen stores along the West Coast with plans to

Colorado Bankruptcy Attorneys on Google+

The McFarland Law Group is proud to announce our new Google+ site! Make sure to add us to your circles for updates! Our firm‘s strives to be easily accessible for clients and Coloradans in general, and Google+ jives nicely with our existing Twitter

Why Credit Scores Shouldn't Be Part of QRM

A minimum credit score would not cap or regulate risk, or even measure it consistently. Instead it would ensure that the risk floor for QRMs would actually fluctuate.

Crystal Cathedral gives founder board vote again

"The Crystal Cathedral megachurch has restored the voting rights of its founder, the Rev. Robert H. Schuller, on the church's governing board." Read more here.

The Broke and the Beautiful: Vegas Edition

"This week on The Broke and the Beautiful, Beso’s back in the news and football players are fumbling. Also, actor Tobey Maguire may need to ramp up his Spidey senses for next year’s poker-lawsuit trial." Read more here.

Madoff, Borders, Lehman, Giordano’s, Spansion: Bankruptcy

Nice summary of bankruptcy current events: read it here.

A Professional Lender's Perspective on the Debt-Ceiling Crisis

If I came across a borrower who is deep in debt and whose obligations exceed their income and yet continues to borrow to service those obligations, I would not consider them a good risk.

The Broke and the Beautiful: Vegas Edition

Hector Guerrero/AFP/Getty Images This week on The Broke and the Beautiful, Beso’s back in the news and football players are fumbling. Also, actor Tobey Maguire may need to ramp up his Spidey senses for next year’s poker-lawsuit trial. The fun never

BANKRUPTCY BEACH READING Bankruptcy Trivia

Perhaps you will find yourself in the office this afternoon, realize that everyone else has left for the Hamptons, and wonder what you could look up on your favorite search engine while giving all appearances of doing serious research (even though no

The Daily Docket: Borders Preps for Sale

As liquidators work to clear books from its retail shelves, Borders Group Inc. is preparing for a sale that could enable the bookseller’s brand to live on even after its stores go dark. Read the Daily Bankruptcy Review article here. The Roman

Consumer Bankruptcies Overtake Small Business Bankruptcies in Q2 2011

In a recent, nationwide study on small business and consumer bankruptcies, Equifax identified some interesting trends that pose questions about the future direction of an economic recovery. While small business bankruptcy petitions have consistently

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