Skip to main content
Help Center
banner

ABI Blog Exchange

article-exchange

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

Read Article

New Chapter 11 Filing – Hurdl Inc.

On November 30, 2020, Hurdl Inc., a marketing company focusing on live event data capture and personalized short message service marketing, filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the

New Chapter 11 Filing – MyCell Technologies LLC

On November 25, 2020, MyCell Technologies LLC of New York, NY, which produces and markets a liquid formulation of Omega-3 ingredients for use in food, beverage, medical, and nutritional products, filed a voluntary petition for relief under Chapter 11

New Chapter 11 Filing – MyCell Technologies LLC

On November 25, 2020, MyCell Technologies LLC of New York, NY, which produces and markets a liquid formulation of Omega-3 ingredients for use in food, beverage, medical, and nutritional products, filed a voluntary petition for relief under Chapter 11

COVID taking a toll on credit union employees' mental health

Some workers have thrived while working remotely but others miss the social interaction of an office, and the recent surge in coronavirus diagnoses means employers will be facing these challenges well into next year.

HSBC contemplates complete exit from U.S. retail banking

HSBC's management is looking at a complete withdrawal from its retail operations in the U.S., although a full exit from other businesses in the country is unlikely, according to a person familiar with the matter.

Lockdowns, PPP, Citi's historic move: The year in banking (Part 1)

From the industry's extraordinary response to the coronavirus outbreak to Citigroup promoting Jane Fraser to CEO, these are some of the storylines that defined banking in 2020. First in a two-part series.

Updated: Guide To Financial Support Measures Across Europe And The Middle East

Our latest updated guide setting out the financial support measures available to businesses across Europe and the Middle East is now available here. This updated guide includes includes changes from Germany, Italy, Czech Republic, Slovakia, and the

UPDATED Global Insolvency Report: Impact of Covid-19 on Insolvency Laws

Our guide sets out how different jurisdictions are changing their Insolvency Laws to help alleviate additional pressures placed on businesses as a consequence of cash flow pressures caused by COVID-19. This week’s updates include changes in Japan

Further suspension of UK wrongful trading laws introduced

On 26 November 2020, The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Suspension of Liability for Wrongful Trading and Extension of the Relevant Period) Regulations 2020 (the “ Regulations”) came into force. The Regulations have

Glass Lewis Releases 2021 Proxy Voting Guidelines

Glass Lewis (GL) announced yesterday that its 2021 Proxy Voting Policy Guidelines for the United States are now available. In addition, the proxy advisor announced the release of its 2021 “Environmental, Social and Governance (‘ESG’) Initiatives,”

Small banks welcome PPP relief but fear it may not be enough

Community banks that were pushed past key asset limits by the Paycheck Protection Program say they will be unable to shrink their balance sheets back to normal size by the 2022 deadline, especially if there is a new round of rescue aid.

Challenger bank Current doubles customers in six months

The 5-year-old company, which recently raised $131 million, says its strong growth reflects the timeliness of its mission: helping consumers who live paycheck to paycheck build wealth.

Debt Management: How to Prioritize Debt in a Crunch

Most of us face financial crunches from time, and 2020 has been one long crunch for many people. Being short of money and having to pick and choose which bills to pay is always tough. Unfortunately, creditors and debt collectors make it much harder

Executives must know their members when a crisis strikes

There is a difference among various demographics on what offends them most. That means credit unions must understand their member base and what drives their engagement and retention.

Banks push back on OCC’s bid to ban lending bias

The industry is asking for more time to comment on a regulatory proposal that aims to prohibit banks from denying services to oil and gas companies and other firms in politically sensitive industries.

Reducing mortgage defaults starts with beefing up housing supply

Default risks soar in minority neighborhoods during challenging economic times because, data shows, homes there are overpriced relative to incomes. Zoning and other changes could make loans more affordable by boosting housing stock and driving down

Can I File for Bankruptcy in New Jersey because of COVID-19?

Businesses across the country have shut down due to COVID-19. People who were experiencing financial hardships are continuing to do so. Income has been reduced while bills continue to pile up. Many New Jersey individuals suffering under economic

Student Loan Insanity Continues

Denial is not a river in Egypt. student loan de Nile The U.S. government stands to lose more than $400 billion from the federal student loan program, an internal analysis shows, approaching the size of losses incurred by banks during the subprime

Achieva Credit Union lands fourth merger in 10 years

Coast 2 Coast Financial Credit Union has agreed to join the Florida-based Achieva, which previously acquired two community banks.

U.S. Trustee & Bankruptcy Administrator Programs: Is This Constitutional? (St. Angelo v. Victoria / In re Buffets)

By: Donald L Swanson Bankruptcy courts in 48 of our 50 United States are administered by the U.S. Trustee program; while bankruptcy courts in the remaining 2 states (Alabama and North Carolina) are under the Bankruptcy Administrator program. This has