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

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Delaware Chancery Court evaluates 50/50 stock and cash deal under Revlon

In an important development defining when Revlon duties apply to a mixed cash and stock deal, the Court of Chancery last week applied Revlon to a deal where target shareholders would receive roughly 50% in cash and 50% in stock, with target

Don’t Use Your Tax Refund to Repay a Relative

If you’re thinking of filing bankruptcy and received a tax refund from the IRS this year, don’t use your refund to repay a relative. Coloradans often use their tax refund to repay a loan from their parents, siblings or other relatives. For example

Elizabeth Warren: Consumer Protection Leader

Massachusetts consumer advocate and Harvard bankruptcy law professor Elizabeth Warren was grilled by Representative McHenry, the North Carolina chair of a House subcommittee the other day. The testimony was supposed to be about the direction of the

Are Social Security Overpayments Dischargeable in Bankruptcy?

Because I handle both personal bankruptcy cases and Social Security disability cases, I frequently get questions about the interrelationship between these two areas of law. A question I get at least once a month has to do with whether a Social

Updated: SEC Adopts Final Whistleblower Rules

The SEC held an open meeting today at which it adopted final rules implementing the whistleblower provisions in the Dodd-Frank Act. As expected, the final rules do not require employees to first report allegations through a company’s corporate

Updated: SEC Adopts Final Whistleblower Rules

The SEC held an open meeting today at which it adopted final rules implementing the whistleblower provisions in the Dodd-Frank Act. As expected, the final rules do not require employees to first report allegations through a company’s corporate

Decision in In Re: Donna K. Brady Holds: Officers Aren't Contractors

Summary In an 11 page opinion published May 18, 2011, Judge Shannon ruled that, in the context of a motion to dismiss, the officer of a corporation, which is itself a contractor, is not also a contractor by virtue of her position within the

Banks Amass Glut of Homes

EL MIRAGE, Ariz. — The nation’s biggest banks and mortgage lenders have steadily amassed real estate empires, acquiring a glut of foreclosed homes that threatens to deepen the housing slump and create a further drag on the economic recovery. All told

Updated: SEC Adopts Final Whistleblower Rules

The SEC held an open meeting today at which it adopted final rules implementing the whistleblower provisions in the Dodd-Frank Act. As expected, the final rules do not require employees to first report allegations through a company’s corporate

Updated: SEC Adopts Final Whistleblower Rules

The SEC held an open meeting today at which it adopted final rules implementing the whistleblower provisions in the Dodd-Frank Act. As expected, the final rules do not require employees to first report allegations through a company’s corporate