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

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Weekly News – November 3

Bloomberg interview: Marathon CEO Richards Says Defaults, Downgrades Will Ramp Up Will judge shopping go the way of the wildebeast? Please add your signature here November 1, 2023 Letter Urging the Southern District of Texas to Abolish Judge Shopping

Navigating Bankruptcy: Understanding the Process and Implications

Big News Network has a very helpful article on Bankruptcy, understanding the implications and process. The article can be found at https://www.bignewsnetwork.com/news/274017564/navigating-bankruptcy-und… Clients

Subchapter V Trustee’s Rights, Powers, Functions & Duties After Removal Of Debtor From Possession

By: Donald L Swanson This ideal is floating around: upon removal of a Subchapter V debtor from possession, for fraud or other cause, the Subchapter V trustee has no expanded right, power, function or duty beyond operating debtor’s business (the

President Biden Issues Executive Order on Artificial Intelligence

On October 30, President Biden issued his Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence, along with a companion Fact Sheet issued by the White House. The Executive Order establishes the federal

Are UK Administrators Criminally Liable For Failing to File a HR1?

The answer to that question and with a huge sigh of relief is thankfully not, following the Supreme Court finding that an administrator of a company appointed under the Insolvency Act 1986 (“ IA 1986”) is not an “officer” of the company within the

WeWork to file for bankruptcy after once being valued at $47B: report

The New York Post is reporting that WeWork to file for bankruptcy after once being valued at $47B: report. The story can be found at https://nypost.com/2023/10/31/business/wework-to-file-for-bankruptcy-it…

October 2023 Ponzi Scheme Roundup

Posted by Kathy Bazoian Phelps Below is a summary of Ponzi scheme activity reported for October 2023. While 4 new Ponzi schemes came to light this month, there were more than 49 years of prison sentences imposed on Ponzi schemers and there were 5

Should Negotiation Offers Be In Round Numbers Or Precise Numbers? (A Study)

By: Donald L Swanson A study on using round-number offers and precise-number offers in negotiations reaches these two conclusions: Round numbers signal completion—and so, negotiators are more likely to accept a round number offer ( e.g., $3,000) than

Crypto Bankruptcies: How to Protect Your Digital Assets When Exchanges Collapse

Post-Collapse: The Uncertain Lifespan of Cryptocurrency What happens to your crypto when you die? Or when your cryptocurrency goes bankrupt? Bitcoin, Etherium, Dogecoin, Litecoin, Monero, and other popular cryptocurrencies can’t be saved on your

Weekly News – October 27

Thank you for making the CRC Allocators Conference a Success WeWork battles looming Exclusive Content Find it here Featured Content: Barclays takes on double-dips Featured Content Find it here This is phenomenal content analyzing the latest wave of

Revisiting the Chicago Cubs’ Bankruptcy

Plan Proponent has been on an unplanned, one month hiatus due to competing client demands. But today I get a break, as I’m hanging out in Chicago this weekend with my best friend who retired at 46 and travels around the country, nomad style. This

Asset Armor: Protecting Your Wealth with Bernstein-Burkley’s Asset Protection Insights Blog #10

By: Harry Greenfield October 20, 2023 One of the places I like to stash money for my Debtor clients is with taxing authorities. Having a credit balance with a taxing … The post Asset Armor: Protecting Your Wealth with Bernstein-Burkley’s Asset

Get Rid Of Liens On Your Home

Bankruptcy gives you a super power: you’re able to remove liens on your home, for good. You can’t wipe out every kind of lien. But bankruptcy law allows you to invalidate judicial liens that attach to your home and invade any exemption you are

Voter Apathy & Consensual v. Non-Consensual Plan Confirmation In Subchapter V (In re Franco’s)

By: Donald L Swanson Here’s the latest opinion on a controversial question: In re Franco’s Paving LLC, Case No. 23-20069, Southern Texas Bankruptcy Court, (decided 10/5/2023; Doc. 74). The Question & Answer Voter apathy is a problem in Subchapter V

The Due-on-Sale Clause from the Perspective of an Experienced Bankruptcy Attorney

Understanding the intricacies of mortgage contracts is pivotal for both homeowners and potential buyers. One such integral aspect is the “due-on-sale clause”. With over 30 years of experience in the field, I’ll delve into the significance of this

How to File for bankruptcy Business Insider Article

Business Insider has a very helpful article titled "How to file for bankruptcy ". The article can be found at https://www.businessinsider.com/personal-finance/how-to-file-for-bankru… People with questions about Jim Shenwick, Esq 917 363 3391

How a Judge Makes Mediation Work: Mandatory Mediation

By Donald L. Swanson Recent expressions of concern about courts mandating mediation reminded me of a mandated mediation process that worked well: the City of Detroit bankruptcy. An illustration of the success of mandated mediation in the Detroit case

Weekly News – October 20

The next shoe to drop: The Complex Case Panel under scrutiny Reorg’s Court Opinion Review opinions are not necessarily those of Reorg as a whole. We want to hear from you Should we dust off our letter from 2022? and even more fall-out… Exclusive

Getting Started In Bankruptcy Law

Everyone new to bankruptcy needs a guide to this specialized legal realm. Just as you can’t tell the players without a scorecard, it’s hard to make heads or tails of bankruptcy law when it’s new to you. Jon Hayes has what you need to tell priorities

How Do You Handle Student Loans When Filing For Chapter 13?

How Do You Handle Student Loans When Filing For Chapter 13? Student Loan Debt & Bankruptcy: Strategies for Managing Financial Obligations It’s no secret that student lo an debt is overwhelming for many of today’s adults. A common reason why