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

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Struggling Firms Turn to Daily-Deal Sites

Getty Images A Windstar cruise with “massive white sails, polished teak decks, modern luxury from staterooms to spa,” all at a discounted price? For members of private travel sale site Jetsetter, it was just another can’t miss offer, delivered

Debt Ceiling Thoughts

From the public signals, it seems as thought the President and Democratic leadership are trying to reach a reasonable deal with the GOP, but are ultimately determined to avoid a default on US debt or ratings downgrade no matter what the price. They

The Broke and the Beautiful: Celebrities in Bankruptcy

Hello, and welcome to The Broke and the Beautiful. With this new weekly fixture, Bankruptcy Beats aims to bring you a roundup of the biggest celebrity-related bankruptcy news. This week, creditors of Eva Longoria’s Beso LLC want a trustee for the

Housing for the Homeless, Inc. (in organization)

The other day, I responded to a comment on Twitter from a knowledgeable mortgage financing friend regarding the current housing situation vis a vis foreclosures. His view is that the "market should find its own level" ; that the Federal Government

Housing for the Homeless, Inc. (in organization)

The other day, I responded to a comment on Twitter from a knowledgeable mortgage financing friend regarding the current housing situation vis a vis foreclosures. His view is that the "market should find its own level" ; that the Federal Government

Housing for the Homeless, Inc. (in organization)

The other day, I responded to a comment on Twitter from a knowledgeable mortgage financing friend regarding the current housing situation vis a vis foreclosures. His view is that the "market should find its own level" ; that the Federal Government

Angry Baseball Fan Letters Infiltrate Bankruptcy Court Docket

The bankruptcy judge overseeing the Los Angeles Dodgers bankruptcy case has ordered the removal of four angry fan letters which were placed in the court’s official list of documents. Judge Kevin Gross of Delaware’s bankruptcy court on Friday ordered

Should You “Cram-Down” Your Car Note In Bankruptcy?

This recession has brought to the surface a lot of discussion about “cram-downs,” but most Americans have no idea what that is. Well, when applied to your vehicle, a cram-down is basically when you reduce the car loan to the value of the car. For

What To Expect In A Business Chapter 7 Bankruptcy

When a business decides that they can no longer pay their debts and must file bankruptcy, the process is different than if they were an individual. Here’s what you need to know: Once you decide to place your business in Chapter 7 bankruptcy, you are

Weil Bankrupty Blog Wants Your Opinion

In the nine months that have passed since we started our Blog, we have covered a wide range of topics. From landmark Supreme Court and circuit-level cases to a bankruptcy version of the Sweet Sixteen, we have aimed to keep our blog timely

The Daily Docket: Borders Fate To Be Decided This Weekend

The Wall Street Journal reports the fate of Borders Group Inc. hangs in the balance this weekend, with a Sunday deadline looming for the bookstore chain to either find a buyer or face liquidation. Bondholders who fought for months to toss more than a

Can my Chapter 7 trustee kick me out of my Florida home?

Cash or Keys? Not if you hire an experienced bankruptcy lawyer. As I previously reported, we have a problem in the state of Florida with a few rogue bankruptcy trustees using unsavory tactics to shakedown Chapter 7 debtors. Specifically, in the State

Restructure the Loan Into Payment Tranches (Instead of Using an A\B Note Structure)?

Over the last couple of years (wow . . . years - this has been one deep and long ditch), there has been a lot of talk about recapitalizing deals by bringing new investors or owners into commercial real estate deal that are underwater, or in the ditch

Forget the Treasury, Make Bair Anti-Foreclosure Czar

Obama should take a brisk stroll over to Pew Charitable Trusts and ask Shelia Bair to be the anti-foreclosure and future homeownership czar.

California Toughs It Out, Why Can't Greece?

California isn't TBTF simply because people in Washington have made utterly clear that they're not going to bail out any state or local government at all.

"Extend and Pretend" Falls Short for CRE Troubles

Adjusting maturity dates on commercial real estate loans is like rearranging the chairs on the deck of the Titanic.

Notes from Counsel for the Chapter 13 Trustee

From Aki Koyama's Facebook page: If a motion to avoid lien has been granted by the Judge, both Judge Donovan and Judge Klein now require the order granting the motion to be entered before the plan will be ordered confirmed....

Disconnect Between Reality and Regs Is Insane

The article "Fed Up with Talk, Bankers Try Reining in Regulators" really has me fed up. For over 37 years I have been a community banker. Every day I read about yet another new regulation. The sentence that really got to me was "Although modified

Forget the Treasury, Make Bair Anti-Foreclosure Czar

Obama should take a brisk stroll over to Pew Charitable Trusts and ask Shelia Bair to be the anti-foreclosure and future homeownership czar.

Don't trade your I bonds for EE bonds

If you're looking for the best return, Series I bonds offer more bang for your buck.