ABI Blog Exchange

How to Recall Defaulted SBA Loan from Treasury Offset Program TOP

How to Recall Defaulted SBA Loan from Treasury Offset Program TOP Many clients who have defaulted on an outstanding SBA EIDL loan have contacted us regarding how to “Recall” their loan from the U.S. Treasury Department Treasury Offset Program (“TOP”)

“Bankruptcy Is Bad” = A Faulty Assumption For Mass Tort Cases (3M Combat Arms Earplugs Settlement)

By: Donald L Swanson The existence of a bankruptcy option is a good thing for any debtor-creditor situation that is highly stressed—whether the bankruptcy option is used or not. This is especially true in mass-tort cases where a potential exists for

Treasury Offset Program (TOP) and SBA EIDL Loans

Treasury Offset Program (TOP) and SBA EIDL Loans Many clients have contacted our office to report that their delinquent SBA EIDL loans have been transferred to the Treasury Offset Program (TOP), and a 30% penalty has been added to their loan balance

Texas Bankruptcy Court Declines to Deem Nonvotes as Votes in Favor of Plan (US)

As seen in the recent proliferation of bankruptcy cases seeking a structured dismissal or conversion after a successful sale, debtors constantly seek creative and efficient ways to wind up a case, including through a traditional plan of liquidation

Women in Credit: Jamie Zimmerman

Jamie Zimmerman is a legendary investor. She started her investing career in the early 80s and has seen it all: from double-digit interest rates, to the great financial crisis, to the current paradigm shift in the debt markets. Her firm Litespeed

Weekly News – April 5

The earth was shakin’ this week! Annual rankings announced, Thames Water in hot water, Argy win, retailer pain and much, much more… Creditor Corner for the week ended March April 5, 2024 Your weekly curated content from the Creditor Rights Coalition

Make your mortgage payment in Chapter 13

Make your mortgage payment in Chapter 13 It’s easy to lose track of your mortgage payments in Chapter 13. They don’t call you if you miss a payment. It seems like nothing happens. But if you slip back to three or four payments behind, they go to the

Make your mortgage payment in Chapter 13

Make your mortgage payment in Chapter 13 It’s easy to lose track of your mortgage payments in Chapter 13. They don’t call you if you miss a payment. It seems like nothing happens. But if you slip back to three or four payments behind, they go to the

Success in Chapter 13: What You Need to Know

Success in Chapter 13: What You Need to Know You want to be one of the four out of ten consumers who succeed in Chapter 13. As your bankruptcy lawyer, I want that too. So I’ve collected some of the most important tips for getting to success in

Success in Chapter 13: What You Need to Know

Success in Chapter 13: What You Need to Know You want to be one of the four out of ten consumers who succeed in Chapter 13. As your bankruptcy lawyer, I want that too. So I’ve collected some of the most important tips for getting to success in

Maximize Means Test Deductions Every Time

The bankruptcy means test often feels like a maze. Find your way out, to the best result possible, with the tips and tricks we’ll share in a free webinar on Means Test Part 2: Quirks and Quagmires, April 9th at 10 am PDT. Register here. Judge John

Here’s What We Need for our Second Meeting

Here’s what we usually need for our second meeting My Be Happy form asks the information the bankruptcy court needs to approve your case. So we can “be happy.” The Be Happy form is mostly bio information that we need to get your case approved. You

Here’s What We Need for our Second Meeting

Here’s what we usually need for our second meeting My Be Happy form asks the information the bankruptcy court needs to approve your case. So we can “be happy.” The Be Happy form is mostly bio information that we need to get your case approved. You

The Latest Things you Need to Know About Student Loan Bankruptcy

The Latest Things you Need to Know About Student Loan Bankruptcy Ed Boltz Thu, 04/04/2024 - 16:34 Here's a breakdown of the latest developments regarding filing student loan debts in bankruptcy: Historically Difficult, Now Easier Undue Hardship

A Rough Day At U.S. Supreme Court, During Oral Arguments, For Debtor’s Counsel (Truck Insurance v. Kaiser Gypsum)

By: Donald L Swanson A mass-tort asbestos case before the U.S. Supreme Court is Truck Insurance Exchange v. Kaiser Gypsum Company, Inc., Case No 22-1079. Here is a link to the transcript of oral arguments in that case, from March 19, 2024. In Truck

Terms of Confirmed Chapter 11 Plan Prohibit Malpractice Claim Against Debtor’s Counsel

The Third Circuit Court of Appeals issues a reminder to debtors’ counsel that they can protect themselves with beneficial (boilerplate) terms in a Chapter 11 Plan. In In re SC SJ Holdings, LLC, 2024 WL 1328233 (3rd. Cir. March 28, 2024), the Debtor

Bankruptcy and Baseball: An Uncertain Media Landscape

Ed Boltz Reveals There is Hope For Student Debt In Bankruptcy

Ed Boltz Reveals There is Hope For Student Debt In Bankruptcy masteradmin Tue, 04/02/2024 - 19:32 A federal program has been reported to make it easier to get student loan debt discharged in bankruptcy. This is nothing new over the last two years but

Bankruptcy Abuse Rarely Works . . . Because Of Gatekeepers—APPELLATE COURTS (Part 5)

By: Donald L Swanson Over the years, I’ve heard lots of people say, “Bankruptcy abuse is a huge problem,” as a self-evident and undeniable proposition. But here’s the thing. Debtors who try to abuse the bankruptcy system rarely get away with it. That

March 2024 Ponzi Scheme Roundup

Below is a summary of Ponzi scheme activity reported for March 2024. There were at least 12 new Ponzi schemes revealed this month. Ponzi schemers received more than 25 years of prison sentences and 4 guilty pleas. The average age of the fraudsters