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

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Dodgers: Selig Targets L.A. Team as Fans Die Elsewhere

Associated Press The Los Angeles Dodgers are blaming Major League Baseball Commissioner Bud Selig for their financial woes, including saying that he unfairly and publicly called out the franchise for security issues while “quietly” dealing with a fan

It's Official: Borders Long Goodbye Over

They officially announced that with no-one showing up to the auction and with their stalking horse backing out (bucking them off?), they will acquiese to the "winning" bid of the liquidators. Surely part of this sad fall -- sadder still for this

Other People’s Money (Part I)

“The decision we announce is no more far-reaching than this: when a federal court gives its approval to a plan that allows a party to put its hands into other people’s pockets, the ones with the pockets are entitled to be fully heard and to have

Desperate Housewife’s Club Denies Desperate Situation

Stephen Boitano/Everett Collection “Desperate Housewives” star Eva Longoria’s Beso isn’t in the desperate situation that a pair of disgruntled creditors argue it’s facing, say attorneys for the Las Vegas hot spot. And on Monday, a bankruptcy judge

Consumer Financial Protection Bureau Begins Action This Week

President Obama is expected to reject interim director and Harvard Law professor Elizabeth Warren and appoint Richard Cordray, former Ohio attorney general, to be the director of the Consumer Financial Protection Bureau, according to reports learned

Additional Issues In Probable Casey Anthony Bankruptcy: Where To File?

I have received several emails commenting on my post about the legal issues in the hypothetical, but probable, Casey Anthony bankruptcy. My earlier post said that the well-known facts provide a good discussion opportunity about many technical

Happy Fifth Birthday

On July 18, 2006, a few academics studying bankruptcy and debt decided to take a whirl on putting up a blog making today the fifth anniversary of Credit Slips' launch. According to Site Meter, we have had over 1.4 million visits during that time

Problems With Home Equity Loans After Bankruptcy?

How a home equity loan (HELOC) impacts a debtor’s post- bankruptcy life, is mostly determined by which type of bankruptcy the debtor filed and whether they signed a reaffirmation agreement. If a debtor has defaulted on their home equity loan, then

Dodgers Bankruptcy Update: The Paper Wars Begin

Major League Baseball (MLB) is feeling the sting after the judge in the Dodgers Chapter 11 bankruptcy case restricted how much information the MLB could demand from the team’s current bankruptcy lender. U.S. Bankruptcy Judge Kevin Gross said JPMorgan

Military Servicemember Sues Citigroup For Illegal Foreclosure

In what may transform into a class action lawsuit, a sergeant in the Texas National Guard has sued Citigroup Inc., alleging the bank foreclosed on and auctioned his home while he was in training to deploy to Iraq. If this is true, it’s a violation of