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

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Stimulus Funds and Bankruptcy

Stimulus money is finally being delivered to families in need across the country! You NEED to know the following before utilizing your funds when you are also filing for bankruptcy: Why Do You Need to Protect Your Stimulus Funds? Your creditors know

Challenger bank rolls out first FICO-free credit card

TomoCredit relies strictly on cash-flow data to gauge the creditworthiness of immigrants and young consumers, who often have too little financial history for traditional scoring models.]]

Bank of Tampa lines up first-ever acquisition

The Florida bank will expand to the east with its pending purchase of Hillsboro Bank.]]

Pawtucket Credit Union finds new leadership close to home

The Rhode Island institution's next CEO has led lending operations at nearby Navigant Credit Union since 2017.]]

Powell says central bank digital currency must coexist with cash

Potential central bank digital currencies would need to be integrated into existing payment systems alongside cash and other forms of money, Federal Reserve Chair Jerome Powell said.]]

What’s driving nonbanks to buy banks? Cheap deposits

Like the fintechs SoFi and LendingClub, DLP Real Estate Capital is acquiring a community bank largely to lower the cost of funding loans. ]]

Subchapter V Chapter 11 Debt Limit of $7,500,000 extend for 1 more year to March 27, 2022 Based on House Vote-read post below

In accordance with a bill recently passed by the House, the Chapter 11, Subchapter V Debt Increase from $2,700,00 to $7,500,000 has been extended for another year to March 27, 2022. It was scheduled to expire on March 27, 2021.Now, the bill heads to

Altabancorp board faces challenge from big investor group

Members of the Gunther family who own about a third of the Utah company's stock said they plan to vote against several directors at this year's annual meeting.]]

Women’s History Month Feature – Week 3

In honor of Women’s History Month, we’re highlighting the female members of the Bob Gold & Associates team. For the week 3 Q&A, we’re featuring Anabela Savulescu.Associate Account Executive, Anabela Savulescu, shares how her creative idols have

Florida banking veteran planning de novo

Keith Costello, who is looking to form Locality Bank, was president and CEO of First Green Bank when it was sold in 2018.]]

Do I qualify for bankruptcy in the Bay Area?

The higher-than-average wages in the Bay Area don’t disqualify you from bankruptcy, despite rampant misinformation about the bankruptcy means test. The means test, added to bankruptcy law in 2005, was (poorly) designed to keep above average earners

Real Estate Closing Checklist for Sellers

Congratulations, you received and accepted an offer to sell your house! Before you can collect the proceeds of your sale, you must close the real estate transaction. A real estate closing is the transfer of property ownership from the seller to the

Credit unions need a new mortgage servicing model

As the refi boom continues, many lenders will need to find the right balance of staffing and technology to meet members’ needs.]]

Goldman Sachs seeks volunteers for move to West Palm Beach digs

Goldman Sachs Group’s plan to move part of its asset management unit to Florida is gaining momentum, as the Wall Street bank discreetly seeks volunteers for the first wave and prepares office space.]]

How U.S. Constitution’s Contracts Clause Bans State Bankruptcy Laws (Sturges v. Crowninshield)

By: Donald L Swanson “ No State shall . . . pass any . . . Law impairing the Obligation of Contracts.” –U.S. Constitution, Art. 1, Sec. 10, Cl. 1 (the “Contracts Clause”). One of the earliest opinions from the U.S. Supreme Court on the subject of

HSBC nears deal to sell French retail unit; GSA auctions bitcoin share

The bank is close to an agreement with Cerberus’s French banking outfit; the two-day, first-of-its-kind sale attracted a winning bid that was 21% higher than the market price.]]

8 takeaways from NCUA's 4Q state-level data

A new report from the regulator shows slower growth in membership and lending, as well as a decline in the number of credit unions reporting profits.]]

The cart before the horses, the difficult to avoid conversion to the liquidation stage.

The cart before the horses, the difficult to avoid conversion to the liquidation stage. Bankruptcy in Mexico has two successive stages: reorganization and liquidation. When reorganization is not possible, bankruptcy is converted to the liquidation

Savor The Power of Uplifting Words

When COVID-19 hit last year, like many of us Bob Gold was terrified. Amid the disruption of the pandemic shutdown, Bob sought a way to connect with and reassure friends, family and associates that they were invaluable to him amidst the separation

A Simple Guide To How NYC Is Screwing Up Giving Debt Forgiveness To Taxi Drivers Jalopnik

This article originally appeared in Jalopnik. A link to the article is below. https://jalopnik.com/a-simple-guide-to-how-nyc-is-screwing-up-giving-de… Simple Guide To How NYC Is Screwing Up Giving Debt Forgiveness To Taxi