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

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Fed bankruptcy court may lose Will County courtroom space

"JOLIET — A federal bankruptcy judge soon could be looking for new chambers as Will County eyes his courtroom. The space where the U.S. Bankruptcy Court holds its calls in Joliet is actually owned by Will County. It’s found on...

Perkins & Marie Callender's Files for Chapter 11 Protection

"Perkins & Marie Callender's Inc. filed for Chapter 11 bankruptcy protection Monday after securing key creditors' support for a plan to slash the company's $440 million debt load. Early papers filed in the U.S. Bankruptcy Court in Wilmington, Del

Chapter 13 bankruptcy and your credit report

"I don't like Chapter 13 bankruptcy, when we can avoid it. Your credit so much much worse than if you filed a Chapter 7 bankruptcy." I don’t like Chapter 13 bankruptcy. One reason is chapter 13 is much worse on your credit. Since you are paying your

Boston Bankruptcy Foreclosure News

The Real Estate Settlement Procedures Act commonly known as RESPA, and passed into law in 1974, was designed to protect mortgage consumers, i.e. homebuyers and sellers, in the transactions of real estate. Our Boston bankruptcy clients frequently ask

Inherited Money in Bankruptcy

One question that many potential bankruptcy filers have is how the bankruptcy court handles inherited money and money that bankruptcy filers expect to receive in the months after their filing. The answer depends on a few variables. Here’s a look at

Lesson Learned in Finding Waldo: Lenders Focus on Notice Provisions

Where is Waldo" isn't just for kids. Tracking down a guarantor or key principal to give formal, legal notice of a law suit can be tougher than the most challenging "where is Waldo" illustration. I recently closed a new loan, where the lender took

Why a Recent Craigslist Ad Should Scare You if You Have a Case in Fairfax County.

The following recently appeared in the "legal" section of the "jobs" area of craigslist for Northern Virginia: Criminal Attorney Needed (Fairfax). Criminal attorney needed for multiple cases. First case is tomorrow morning in the Fairfax County Court

Trustee in Viashow Bankruptcy Commences Avoidance Actions

Last month, the Chapter 7 trustee (the "Trustee") in the Viashow bankruptcy filed avoidance actions against several creditors of the bankruptcy estate. One avoidance action in particular seeks to recover damages allegedly sustained by Viashow due to


Bankruptcy Tweets for June 2011 - Part I

Below are my twitter posts since my last post of June 1 of recent cases that might be of interest to you. RSS Feeds are also available. The infographic, titled The Resurgence of the American Automotive Industry, is from the White House Blog and was

Debtor Forfeits IRA Exemption

How to mess up a bankruptcy exemption. I happened upon a Florida bankruptcy case decided in 2010 wherein a court held that a debtor’s self-directed IRA was not exempt. The debtor’s had a securities account that clearly was titled as...