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

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California Toughs It Out, Why Can't Greece?

California isn't TBTF because Washington has made utterly clear that it is not going to bail out any state.

Billionaire’s Ex-Wife Discloses Assets With Bankruptcy Court

Associated Press/Daily Progress Patricia Kluge stands with her husband, Bill Moses. Patricia Kluge may have sold off the estate, winery, antiques and luxurious jewels, but at least she’s still got her signed Ronald Reagan movie poster. About a month

Don’t Pay Your Bankruptcy Lawyer With Post-Dated Checks

So you’ve found the cheapest bankruptcy attorney in the market. For only the price of $250.00 and the court costs, he’ll file your case provided you give him several post-dated checks for the balance of his fees. So you can file now and pay later

Prisoners: When it Comes to Debtor-Creditor Issues, They’re Just Like Us

Once or twice a year, students from the University of New Mexico School of Law Clinic visit a women’s prison to provide brief legal services to those incarcerated there. We always assumed most of inmates’ questions dealt with family law, so my group

Is it That Hard to Find a Good Payday Loan? One Woman Paid $900 in Finders Fees

Following our prison visit in clinic this past week, we promised to report on a brand new (to us) scam, one involving a company that helps people “find” payday lenders. My student Bridget Mullins reports on it here. One woman I saw at the prison had

For Richer or for Poorer… Department of Justice Agrees to Recognize Same-Sex Marriages (At Least in Bankruptcy Court)

(The Department of Justice has recently announced that it will not challenge the validity of joint bankruptcy petitions filed by same-sex couples who are married under state law. Although we do not typically discuss personal bankruptcy cases, this

An Update on the Deb Shops Bankruptcy

Introduction On June 26, 2011, clothing retailer Deb Shops, Inc. ("Deb") and its related entities filed petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. This post will look at why Deb filed for bankruptcy

The Daily Docket: WaMu Shareholders Blast ‘Profoundly Flawed’ Bankruptcy

Shareholders of Washington Mutual Inc. say the holding company at the heart of the largest banking collapse in U.S. history ran a “profoundly flawed” bankruptcy case, one that means a $7 billion payday for “powerful creditors” at the expense of

Webinar on the Supreme Court

Join Supreme Court expert Lyle Denniston for this upcoming CLE conference. Join us online on Tuesday, August 9 at 1:00PM ET for SCOTUS Annual Term Update: Recent Decisions You Need To Know Key issues that will be discussed: ** Overview...

Credit Union Choice: Protect Members or Other CUs

Healthy credit unions are becoming less willing to reduce their members' value proposition for the sake of the industry.