ABI Blog Exchange

The skinny on spouse's Social Security

Depending on the situation, a spouse can get up to 50 percent of a partner's benefit amount.

Mortgages dangle on debt doubts

Mortgage rates are reeling from the endless wheeling and dealing over the debt ceiling.

SEC Provides an Enforcement Roadmap for the CFPB

One early measure of the bureau's commitment to transparency and fairness will be how it approaches its own enforcement processes.

How to Fix Mortgage Servicing

The business is overconcentrated at megabanks and must open up to specialty players that are better equipped to handle distressed loans.

Dodgers, MLB lock horns over bankruptcy loan

"The Los Angeles Dodgers fought on Wednesday to keep control of their finances while in bankruptcy, arguing Major League Baseball's offer to provide a $150 million loan was a 'deal with the devil.' " Read more here.

Lake County Illinois Bankruptcy Lawyer

Link If you live in Lake County, Illinois, you have plenty of choices when it comes to which attorney to hire to handle your bankruptcy case. If you take the time to do some research, you will find that Lake County has some excellent bankruptcy

Dodgers Called On Goldman, Time Warner Cable for Loan

Getty Images Los Angeles Dodgers owner Frank McCourt When the Los Angeles Dodgers set out to find a bankruptcy loan, the team called on the aces of commercial finance, including Goldman Sachs Group Inc. and Bank of America, and one apparent

Bankruptcy Debtor’s “Reckless Disregard” For The Truth Results In Dismissal

The Chapter 7 bankruptcy of a debtor was dismissed after he who admitted wanting to use the bankruptcy as leverage against creditors and failed to disclose material facts in his petition. The Bankruptcy Code Section 727(a) provides that: (a) The

Beware Of Bankruptcy Preparer Scams

The U.S. Bankruptcy Court is searching for a bankruptcy preparer who has scammed several customers seeking to file a bankruptcy petition. Dawn Gomez Bess was banned by a federal judge in October from preparing bankruptcy paperwork, but the court says

States Attempt To Stop The Rise In Chapter 9 Bankruptcy Filings

During the Great Depression, the bankruptcy code was altered so that local governments could seek protection from creditors in bankruptcy. Since the creation of Chapter 9 bankruptcy, only 623 municipalities have filed bankruptcy. But some states are

Top 3 Reasons Not To Reaffirm a Mortgage in Bankruptcy

Bankruptcy debtors should not reaffirm a mortgage. Reaffirmation of debt in bankruptcy prevents the debt from being discharged, a process explained in greater detail by Kevin Gipson in Chapter 7 Bankruptcy and the Reaffirmation Agreement. Yet

Foreclosure after Bankruptcy

Chapter 13 bankruptcy is sometimes considered “famous” for helping people avoid or delay foreclosure. But it’s important to understand that filing for Chapter 13 (or even Chapter 7 bankruptcy) does not guarantee that you will avoid foreclosure. Here

New Chapter for Kobo as Borders Liquidates

Getty Images The impending shutdown of Borders Group Inc. has spelled uncertainty for Canadian digital bookseller Kobo, whose partnership with Borders marked the chain’s too-little, too-late effort to cross over into the digital realm. Borders was an

“I surrender!” Public Securities Considerations Relating to Surrender and Record Date Events

CONTRIBUTORS’ CORNER This article has been contributed to the Bankruptcy Blog by Jane Sullivan and Christina Pullo of Epiq Bankruptcy Solutions, LLC. Jane Sullivan is Executive Vice President, Director of Restructuring Services, and Christina Pullo

The Daily Docket: Tokio Marine Unit Seeks U.S. Creditor Protection

The European unit of Tokio Marine Holdings Inc., Japan’s biggest nonlife insurer, sought creditor protection in the U.S. to complete the wind-down of its London reinsurance business. Read the Daily Bankruptcy Review story here. A request by the

Gang of Six and the Housing Market

There aren't a lot of details about the Gang of Six debt proposal, but apparently it includes cutting or eliminating the home mortgage interest deduction. There's a good case to be for eliminating the home mortgage interest deduction. But regardless

Interior Decoration Factory - Investment Opportunity

Alkor-Venilia went into insolvency in Germany on 20 June 2011 and, on 14 July 2011, into administration in the UK, where it trades as H-A Interiors in Cramlington, Northumberland

July 19th Bankruptcy Headline Roundup

Unhappy Birthday, Dodd-Frank

This octopus of financial legislation continues to entangle both consumers and lenders.

Tax breaks for the unemployed

While unemployment benefits are taxable, you may be eligible for other tax breaks.