ABI Blog Exchange

States Attempt To Stop The Rise In Chapter 9 Bankruptcy Filings

During the Great Depression, the bankruptcy code was altered so that local governments could seek protection from creditors in bankruptcy. Since the creation of Chapter 9 bankruptcy, only 623 municipalities have filed bankruptcy. But some states are

Top 3 Reasons Not To Reaffirm a Mortgage in Bankruptcy

Bankruptcy debtors should not reaffirm a mortgage. Reaffirmation of debt in bankruptcy prevents the debt from being discharged, a process explained in greater detail by Kevin Gipson in Chapter 7 Bankruptcy and the Reaffirmation Agreement. Yet

Foreclosure after Bankruptcy

Chapter 13 bankruptcy is sometimes considered “famous” for helping people avoid or delay foreclosure. But it’s important to understand that filing for Chapter 13 (or even Chapter 7 bankruptcy) does not guarantee that you will avoid foreclosure. Here

New Chapter for Kobo as Borders Liquidates

Getty Images The impending shutdown of Borders Group Inc. has spelled uncertainty for Canadian digital bookseller Kobo, whose partnership with Borders marked the chain’s too-little, too-late effort to cross over into the digital realm. Borders was an

“I surrender!” Public Securities Considerations Relating to Surrender and Record Date Events

CONTRIBUTORS’ CORNER This article has been contributed to the Bankruptcy Blog by Jane Sullivan and Christina Pullo of Epiq Bankruptcy Solutions, LLC. Jane Sullivan is Executive Vice President, Director of Restructuring Services, and Christina Pullo

The Daily Docket: Tokio Marine Unit Seeks U.S. Creditor Protection

The European unit of Tokio Marine Holdings Inc., Japan’s biggest nonlife insurer, sought creditor protection in the U.S. to complete the wind-down of its London reinsurance business. Read the Daily Bankruptcy Review story here. A request by the

Gang of Six and the Housing Market

There aren't a lot of details about the Gang of Six debt proposal, but apparently it includes cutting or eliminating the home mortgage interest deduction. There's a good case to be for eliminating the home mortgage interest deduction. But regardless

Interior Decoration Factory - Investment Opportunity

Alkor-Venilia went into insolvency in Germany on 20 June 2011 and, on 14 July 2011, into administration in the UK, where it trades as H-A Interiors in Cramlington, Northumberland

July 19th Bankruptcy Headline Roundup

Unhappy Birthday, Dodd-Frank

This octopus of financial legislation continues to entangle both consumers and lenders.