ABI Blog Exchange

New Chapter 11 Filing – Carlson Travel, Inc.

On November 11, 2021, Carlson Travel, Inc. of Minnetonka, MN filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas (Case No. 21-90017). Carlson Travel is a business travel

New Chapter 11 Filing – Carlson Travel, Inc.

On November 11, 2021, Carlson Travel, Inc. of Minnetonka, MN filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas (Case No. 21-90017). Carlson Travel is a business travel

How banks are combating high employee turnover

Mandatory Federal Registration Requirement for High-Volume Paper Bankruptcy Notice Recipients Effective December 1, 2021

As noted recently by some United States Bankruptcy Courts, effective December 1, 2021, the Director of the Administrative Office of the United States Courts (the “AO”) has designated any entity that receives 100 or more paper bankruptcy notices in a

OCC nominee to testify amid uncertainty about chances in Senate

Bank of America's Finucane toasted by bankers, rock stars at Carnegie Hall

Former JPMorgan VP links firing to her compliance complaints

Sports Gambling Comes to Virginia

Sports Gambling Comes to Virginia Like most people, I’ve noticed that ads for sports gambling have taken over the TV (at least on basketball and college football, which is about all the TV I watch.) Sports gambling was legalized in Virginia April

Michigan credit union signs women's basketball licensing deal

A more diverse Visa takes shape in Atlanta

CFPB urged by Congress to crack down on inaccurate credit reports

Georgia Banking strikes deal to expand in Atlanta suburbs

Debt Collection Breakthrough Protection

The new rule defines attempts to collect a time-barred debt a false or deceptive practice, forbidden to debt collectors. The new prohibition becomes effective November 30, 2021 when amendments to the rules associated with the federal Fair Debt

Leaving the ‘numbing’ tasks to machines

Subchapter V Eligibility: A “Liberal Construction” Trend (Lyons v. Family Friendly; In re Mongeau)

By: Donald L Swanson Bankruptcy courts continue struggling with the meaning of the phrase “commercial or business activities” for Subchapter V eligibility. That’s especially true when a debtor’s business liquidates before the bankruptcy is filed

New UK Rules Governing Unpaid Commercial Rent

Landlords and tenants have both had their own struggles with paying or recovering rent during the COVID-19 pandemic. Rent arrears accrued during 2020 as sectors, such as retail and hospitality, remained closed for a large part of the year and in an

Watch Out For Debt Settlement Companies

Another call from someone scammed by a debt settlement company. “If you owe at least $10,000 you are eligible for a new government program the credit card companies fear!!!” “We can settle your debt for pennies on the dollar!” “Settle your debts for

The Best Banks to Work For — $3 billion to $10 billion of assets

Why so many banks are betting on health care

Policymaking on climate risk shifts into higher gear