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

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N.Y. appeals court sides with lenders in foreclosure case

The decision provides more clarity to noteholders in the state about when the six-year statute of limitations to bring a foreclosure action begins.

How Do DUI Checkpoints Work in Pennsylvania?

Generally speaking, police must have some valid reason to stop a driver on the road. However, in Pennsylvania, police have the authority to set up DUI Checkpoints (or roadblocks) under Title 75 Section 6308(b) which specifically allows police to stop

Verity Credit Union CEO announces retirement

John Zmolek has been involved with the Seattle-based institution for more than three decades. A successor has not yet been named.

New Chapter 11 Filing – 96 Wythe Acquisition LLC

On February 23, 2021, 96 Wythe Acquisition LLC, whose principal property is the Williamsburg Hotel in Brooklyn, N.Y., filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York

New Chapter 11 Filing – 96 Wythe Acquisition LLC

On February 23, 2021, 96 Wythe Acquisition LLC, whose principal property is the Williamsburg Hotel in Brooklyn, N.Y., filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York

Consolidated Appropriations Act, 2021 (“CAA”) and PPP Loan Eligibility

Mark Lindsay, Esq. Partner at Bernstein-Burkley, P.C. On December 22, 2020, Congress passed the Consolidated Appropriations Act, 2021 (“CAA”), which was signed into law on December 27, 2020. The CAA … The post Consolidated Appropriations Act, 2021 (

New Chapter 11 Filing – Evergreen Gardens Mezz LLC

On February 22, 2021, Evergreen Gardens Mezz LLC, a Brooklyn-based real estate entity, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case 21-10335). The company

New Chapter 11 Filing – Evergreen Gardens Mezz LLC

On February 22, 2021, Evergreen Gardens Mezz LLC, a Brooklyn-based real estate entity, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case 21-10335). The company

Delaware Bankruptcy Court Weighs in: Debtors Are Not Excluded From Bankruptcy Code’s Definition of “Financial Participant” and Safe Harbor

Introduction In a recent decision, the U.S. Bankruptcy Court for the District of Delaware (Shannon, J.) rejected an argument that the safe harbor provision of section 546(e) of the Bankruptcy Code is not available to debtors because section 101(22A)

Consolidated Appropriations Act, 2021 (“CAA”) and PPP Loan Eligibility

Mark Lindsay, Esq. Partner at Bernstein-Burkley, P.C. On December 22, 2020, Congress passed the Consolidated Appropriations Act, 2021 (“CAA”), which was signed into law on December 27, 2020. The CAA contains specific provisions that would amend §364

JPMorgan Chase creates investment product for Black-owned banks

The product — a special class of shares in JPMorgan's Empower money market fund — will initially be distributed by the Harbor Bank of Maryland, Liberty Bank & Trust, M&F Bank and Unity National Bank, according to a statement.

A Wisconsin Lawyer’s Guide to FSBO Real Estate Transactions

What is FSBO (For Sale By Owner)? FSBO (For Sale By Owner) refers to the process of selling one’s home without the help of a real estate agent or broker. With the rise of house listing websites and new tools to aid FSBO sellers, this cost-effective

Wells Fargo sheds its asset manager as Scharf reshapes bank

Wells Fargo plans to sell its asset management business to two private equity firms, part of Chief Executive Charlie Scharf's efforts to dump nonessential operations and help the bank emerge from years of scandals.

Gaining Insight Into Mediating Parties’ Psychological States, Based on “Gaze Behavior”

By: Donald L Swanson A “listeners’ gaze behavior may serve as a readily observable and quantifiable marker of psychological states relevant for . . . mediators.” [Fn. 1, emphasis added.] One day, back when this could still happen, I’m sitting in a

Treasury to facilitate bank climate tests; U.K. banks call for level playing field

Yellen says the tests probably won’t lead to imposing capital requirements or limit dividends; the big banks want a global convergence in financial standards to do business in other countries.

Stop Creditor Harassment

“Is there any way to stop the debt collectors without filing bankruptcy? I can’t stand the creditor harassment!” Who can? I get this question all the time. The Fair Debt Collection Practices Act (FDCPA) applies to 3rd party debt collectors. Not the

Bankr. E.D.N.C.: Harden v. Harrison- Re-Designation of Beneficiary of Whole Life Insurance was not a Transfer

Summary: On September 23, 2019, Mouzon Bass, the president of Ebenconcepts, Inc., which was the Debtor’s former employer, assigned to the Debtor a whole life insurance policy with a cash value of $814,917.00 in consideration for the Debtor’s shares

Biden plan to help smallest PPP applicants has downsides, banks warn

It would ignore technical glitches plaguing the entire Paycheck Protection Program and could end up delaying loans to larger borrowers who also need relief, bank executives and their trade groups say.

Credit unions turn to digital outreach as membership growth slows

Some in the industry are beefing up online educational offerings and enlisting social media ambassadors on college campuses to help recruit younger consumers.

Yellen signals interest in backing digital-dollar research

Treasury Secretary Janet Yellen said a digital version of the dollar could help address hurdles to financial inclusion in the U.S. among low-income households.