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

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Work Until 85? You May Have To

Retirement may become more of a pipe dream than a reality for 25% of the workers in America. A study by the Employee Benefit Research Institute, “The Impact of Deferring Retirement Age on Retirement Income Adequacy,” says the future of the American

A California Bankruptcy Court Rejects U.S. Law Barring Same-Sex Marriage

By JOHN SCHWARTZ A bankruptcy court in California has declared that the 1996 law barring federal recognition of same-sex marriage is unconstitutional, increasing pressure against the law. “In this court’s judgment, no legally married couple should be

Boston Bankruptcy and Gay Marriage

In Massachusetts, marriage between gay men or women is legal. But it's a state law. There is a contradictory federal law. The Defense of Marriage Act was enacted into law in 1966 and signed into law by President Bill Clinton. It says that the federal

Insolvency Regulation Reform

The Insolvency Service is still "in listening mode" in relation to its February 2011 Consultation on Reforms to the Regulation of Insolvency Practitioners, according to a presentation on 15 June by its Director of Policy, even though the consultation

Where Is Colorado’s Bankruptcy Court?

Bankruptcy is governed almost entirely by federal law, and bankruptcy cases are handled by federal courts. Federal District Courts differ in many ways from Colorado state courts, so calling the the bankruptcy court “Colorado’s Bankruptcy Court” is

OCBF Brown Bag Program

Individual Chapter 11s, Part I: GETTING THE CASE OFF THE GROUND Speakers: Hon. Scott C. Clarkson -- United States Bankruptcy Judge, Central District of California Michael Hauser -- Staff Attorney for the United States Trustee Michael G. Spector --

Bankruptcy court rules against gay-marriage ban

"The country’s largest consumer bankruptcy court has sided with a gay couple seeking to file a joint bankruptcy petition, taking the extraordinary step of deciding the federal law prohibiting same-sex marriages is unconstitutional. The Los Angeles

Mo’ Money – New PBGC Rules May Free Up Cash for Lenders and Bondholders

Good news for lenders and bondholders out of the Pension Benefit Guaranty Corp. on Tuesday, June 14, 2011. The PBGC has issued final rules providing that it will not guarantee benefits that are earned in the window between when an employer files for

Bankruptcy, the automatic stay and debt collector NCO.

Tuesday, I saw a press release from NCO, one of the largest of the debt collection companies. While many businesses are slow to add jobs in a recession, NCO is hiring 400 more people for its Rockford IL “Customer Management Contact Center.”

Decision in New Century TRS Holdings, Inc. Holds That Publication in 2 Newspapers is Insufficient to Grant a Motion for Summary Judgment

Summary In a 14 page opinion published June 7, 2011, Judge Carey ruled that publication of notice in only two newspapers was insufficient information to grant a motion to dismiss based on adequacy of notice. Judge Carey’s opinion is available here