ABI Blog Exchange

Weekly News – February 2

Creditor Corner for the week ended February 2, 2024 Your weekly curated content from the Creditor Rights Coalition Over 2,400 member subscribers and growing! Sign Up Here BREAKING NEWS Evergrande goes under, Byju’s files for BK, Incora trial

From Invisible to Invincible: 5 Strategic Moves to Maximize Your NAB PR Investment

As the M&E industry advances rapidly, exhibitors gearing up for the innovative world of NAB 2024 are poised at the edge of unparalleled opportunity. With the right approach, this event can be much more than a showcase—it can be a pivotal moment in

A Settlement While Appeal is Pending Deprives Appellate Court Of Jurisdiction (Badaiki v. Calmeron)

By Donald L. Swanson An appellate court is deprived of continuing jurisdiction over an appeal once the disputing parties reach a settlement. There’s nothing remarkable about that proposition. But what’s interesting is: the technical, legal and

January 2024 Ponzi Scheme Roundu

Below is a summary of Ponzi scheme activity reported for January 2024. At least 6 Ponzi schemes hit the news for the first time this month. There more than 41 years of prison sentences for Ponzi schemers, and 2 guilty pleas. The average age of the

Transform Your Finances with Your Tax Return: A Fresh Start through Bankruptcy

Transform Your Finances with Your Tax Return: A Fresh Start through Bankruptcy As the tax season approaches, many individuals eagerly await their tax refunds, viewing them as a bonus or a chance to splurge on something they desire. However, for those

(UK) Timing, disclosure and fairness: lessons from the Adler judgment

On 23 January 2024, the Court of Appeal handed down its much anticipated judgment [1] on the appeal of the Adler restructuring plan pursuant to Part 26A of the Companies Act 2006 (“ RP”), which was sanctioned by the High Court on 12 April 2023 [2]

What Does Chapter 7 Bankruptcy Cost in Virginia?

Here’s our payment schedule and work schedule: What Does Chapter 7 Cost in Virginia April 2023 Lawyers are required to tell you what work we do for the money you pay. A lot of lawyers are pretty sketchy about that. I try to do better. Do You Get More

What Does Chapter 7 Bankruptcy Cost in Virginia?

Here’s our payment schedule and work schedule: What Does Chapter 7 Cost in Virginia April 2023 Lawyers are required to tell you what work we do for the money you pay. A lot of lawyers are pretty sketchy about that. I try to do better. Do You Get More

How the bankruptcy liquidation tests really works

Is the Chapter 7 trustee going to sell your house when there’s $5000 in non exempt equity? Do you have to pay the total of the equity in your assets to creditors in Chapter 13 under the liquidation test? Far from it. Yet too many people image their

A Tenth Circuit Primer On Statutes of Limitations for Fraudulent Transfer Claims Under § 544(a)&(b) (In re Stone Pine)

By: Donald L Swanson A helpful analysis of statute of limitations issues for fraudulent transfer claims brought by a bankruptcy trustee under § 544(a)&(b) is provided in a recent Circuit opinion. The opinion is Lewis v. Takacs (In re Stone Pine

We’re Zooming Virtual Bankruptcy Consultations

We’ve been Zooming–doing Zoom virtual bankruptcy consultations–since April 2020. We’re sticking with it. We stopped in-office consultations with the March 2020 pandemic lock down. (I first heard of Zoom when my church started using it. We’re a small

We’re Zooming Virtual Bankruptcy Consultations

We’ve been Zooming–doing Zoom virtual bankruptcy consultations–since April 2020. We’re sticking with it. We stopped in-office consultations with the March 2020 pandemic lock down. (I first heard of Zoom when my church started using it. We’re a small

James Shenwick Esq is proud to announce that he is an Avvo Rated Top Lawyer for 2024

SMALL BUSINESS ADMINISTRATION IMPLEMENTS 60-DAY GOODWILL EXCEPTION FOR PPP, EIDL LOANS

SMALL BUSINESS ADMINISTRATION IMPLEMENTS 60-DAY GOODWILL EXCEPTION FOR PPP, EIDL LOANS Blackenterprise.com has a very informative article on a 60 Day Goodwill Exception for PPL & EIDL loans and how that program operates. The article can be found at

Weekly News – January 26

Featured Event Lumen going pro rata! Exclusive Content Find it here on CreditSights Our take: The TSA made several non-pro rata provisions available to all lenders. A sign of a new trend? Tell us what you think here Gol nose dives Pari passu is back

The Bankruptcy Means Test and How Does It Works

Updated with latest median income (set starting November 1, 2023) If you are struggling with debt, bankruptcy may offer a way for you to eliminate some or all your debt and get a fresh start. Unless most of your debt is business or tax debt, you must

Emerging Issues in Crypto Bankruptcies

A Scam & Avoidance Claims In Bankruptcy—You Can’t Make This Stuff Up (Mann v. LSQ Funding)

By Donald L. Swanson You can’t make this stuff up. The legal issues are pedestrian. But the facts behind those issues are incredible! Litigation History Here’s the boring stuff first. On January 8, 2024, the U.S. Supreme Court denies certiorari in

Will Changes to the German Insolvency Code Spark More Insolvencies?

As we reported in a previous blog the German legislator in November 2022 introduced the Law on the Temporary Adaption of Restructuring and Insolvency Law Provisions to Mitigate the Consequences of the Crisis ( SanInsKG). This addressed the difficulty

How to Get a Handle on Debt in 2024

Next Avenue has a helpful article on How to Get a Handle on Debt in 2024. The article can be found at https://www.nextavenue.org/how-to-get-a-handle-on-debt-in-2024/ Jim Shenwick, Esq 917 363 3391 jshenwick@gmail.com Please click the link to schedule