ABI Blog Exchange

Even if You Are in Prison – File Required Bankruptcy Documents or Your Case Will Be Dismissed.

In prison? If You Are Going to File Bankruptcy, You Must Follow the Rules – No Exception. In re Harrell, BAP No. EC-20-1091-BTL (9th Cir BAP, 3-20-21) Harrell is incarcerated at Folsom State Prison in California. He filed a “skeletal” chapter 7

CFPB Cracking Down on Mortgage Servicers

CFPB Compliance Bulletin Warns Mortgage Servicers: Unprepared is Unacceptable Servicers Should Gear Up for Expected Surge in Homeowners Needing Assistance (April 1, 2021 – reprint from CFPB) The Consumer Financial Protection Bureau (CFPB) today

Bankruptcy Related Changes Under CARES Act and Consolidated Appropriations Act

Bankruptcy Related Changes Under the CARES Act and the Consolidated Appropriations Act of 2021 February 9, 2021 By Andreozzi Bluestein LLP By: Daniel F. Brown, Esq. (provided here for educational purposes only). The Consolidated Appropriations Act of

No Setoff Here: Third Circuit Resolves Triangular Setoff Debate Once and for All

Introduction In a recent decision, In re Orexigen Therapeutics, Inc., No. 20-1136, 2021 U.S. App. LEXIS 8075 (3d Cir. Mar. 19, 2021), the Third Circuit held that triangular setoff arrangements are unenforceable under section 553 of the Bankruptcy

4th Cir.: Old Republic v. Shulman Rogers- Mutual Mistake in Deed of Trust

Summary: Heinz and Susan Georg refinanced their home, which was owned by them as tenants by the entireties, with First Horizon. Only Mr. Georg was, however, listed as a borrower on the mortgage note and, more consequentially, as a grantor … 4th Cir

W.D.N.C.: Powell v. Best Buy- Insufficient Service

Summary: The pro se Plaintiff brought a complaint first in Mecklenburg District Court against Best Buy for a allegedly improper “hard pull” of his credit report. After that was removed to federal district court, on the basis of subject matter … W.D.N

Big-bank fintech dollars, payday lending's future, refi slowdown: Top stories of the week

Bankr. M.D.N.C: In re Wellington- Pre-Employment Compensation

Summary: The Debtor filed an application to employ special counsel on March 4, 2020, which served as the effective date of employment, but special counsel had already performed the bulk of its compensable services prior to that date. Finding that

Bankr. M.D.N.C.: In re Jacob- Reaffirmation and Assumption of Lease

Summary: The Debtor filed a pro se reaffirmation agreement for a lease, but the bankruptcy court held not only would this reaffirmation be an undue hardship under 11 U.S.C. § 524, but also that assumption is governed by the procedures … Bankr. M.D.N

Bankruptcies during the first trimester of 2021 in Mexico.

During the first trimester of 2021, 5 petitions in bankruptcy were filed, notified, and registered on the Federal Insolvency Institute's records. [1] Dentix Mexico Health, S.C. (Dentix). Dentix, a Mexican subsidiary of a Spanish holding, filed a

ICBA renews call for congressional hearings on credit union-bank deals

Northwest Bancshares in Pennsylvania to sell insurance business

Bipartisan bill to ease credit union member explusion debuts in House

Former Melrose Credit Union CEO convicted on bribery charges

Consumers have opened banking accounts in droves. Now what?

Lenders want more funding for newly extended PPP

Killing off Libor gets real for banks on key milestone date

High Point Financial to enter new market with Durand Bancorp acquisition

NCUA Chairman Todd Harper to lead FFIEC

Toronto-Dominion ‘very open’ to major bank deal in U.S.