ABI Blog Exchange

Half of all global financial assets need tighter rules, BIS says

Discharge Taxes in Bankruptcy

Income tax debt is common among those who need to file Chapter 7 bankruptcy or Chapter 13 bankruptcy. Did you know that while income tax debt can get discharged in bankruptcy, there are strict and specific rules regarding which past-due income taxes

BANKRUPTCY CASES CONTINUE TO BE FILED AT A LOW LEVEL

BANKRUPTCY CASES CONTINUE TO BE FILED AT A LOW LEVEL Fewer Bankruptcy Cases Filed in November. Nationally, chapter 7 individual bankruptcies had 17,378 new filings in November, down 6.6% over October 2021. Chapter 13 individual bankruptcies had 10

12 Things to Know About the Meeting of Creditors in a Chapter 7 NJ Bankruptcy

Do you have overwhelming debt that you cannot pay and are thinking about filing bankruptcy to get a fresh start? A common question people ask us when they are thinking about filing bankruptcy is, “will I have to go to Court if I file bankruptcy?” In

Who’s in the running for remaining Fed openings

What Is the Difference Between SSDI and Long-Term Disability in Pennsylvania?

When people say that they’re going on “disability,” what specific program are they talking about? Disability benefits can come from a wide range of programs. Typically, short-term disability benefits come from employment benefits, but long-term

Can You File For Bankruptcy in Pennsylvania While Married and Not Involve Your Spouse?

When you sit down with one of our experienced Philadelphia bankruptcy attorneys for the first time, you will be asked many questions about your income, household size, type and amount of debt, and your marital status. When you declare bankruptcy in

Can You Get Disability Benefits When Over 50 in Pennsylvania?

Disability is an important system to have in place for all workers. Age often affects your ability to work – especially if you suffer from a health condition or injury that makes working more difficult. Disability benefits from the Social Security

Atlantic Union eyes M&A with $250 million capital raise

Delaware court blocks Republic’s bid to force Green Dot to buy tax unit

Dwolla's plan to capitalize on interchange-fee war

Inside one credit union’s migration to the cloud

Banks stuck in old ways have little time to modernize: McKinsey

It’s time for banks to reassess how they pay hourly workers

BMO tops estimates as clients boost borrowing in U.S. and Canada

Will I Lose My Car If I File Bankruptcy

Not necessarily at all. If you want to and can afford to keep your car, an experienced bankruptcy attorney can help you apply bankruptcy exemptions to keep your car out of reach of the Chapter 7 Trustee. You should also know that Chapter 13 allows

Bankr. W.D.N.C.: In re Corbell-Dockins- 401k Is Not an Asset of the Bankruptcy Estate

Summary: Two months prior to the filing of bankruptcy by Ms. Corbell-Dockins and her husband, Kirk Morishita died leaving Corbell-Dockins the beneficiary of his 401k, which was rolled over into a 401k account in her name. Starting from Clark v.

N.C. Ct. of App.: Ascendum Machinery v. Kalebich: No Personal Liability for Guaranty

Summary: Mr. Kalebich was the General Manager for Duke Recycling and, in the course of his duties, on November 3, 2016, signed a guaranty for financing from Ascendum Machinery. Duke Recycling eventually failed and was liquidated. Ascendum then sued

M.D.N.C.: In re Wellington- Excusable Neglect in Late Filed Claim

Summary: In an appeal from the bankruptcy court’s disallowance of late filed claims in In re Wellington, the two issues were first whether the Bankruptcy Court erred in considering only prejudice to the claims of allowed creditors and not considering

Bankr. M.D.N.C.: In re Wellington- Disallowance of Late Filed Claim

Summary: Mr. Wellington objected to several claims filed in his Chapter 11 case as those were filed five days after the bar date. The creditors filed motions to allow their late filed claims, arguing excusable neglect, but in previous orders … Bankr