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ABI Blog Exchange

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

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Westchester Chapter 13 Bankruptcy? Attorney Gives 9 Tips For Success

The past few months have seen a severe uptick in Chapter 13 bankruptcy issues coming to us from Westchester consumers. Perhaps it’s the high volume of home ownership in Westchester that’s bringing people to an attorney looking for relief. Maybe it’s

How to Choose a Credit Counseling Agency

Find a good credit counseling agency to help resolve your credit troubles. There are hundreds of organizations that provide credit counseling. Most of them are reputable services committed to helping consumers resolve their money troubles. However

Montana Businessman's Bankruptcy Fraud Scheme

The Billings Gazette reports that a Montana businessman is facing federal fraud charges for misappropriating money from creditors, filing for bankruptcy to delay paying creditors and lying about his debts. Mitchell John Romersa, 49, pleaded not

Repossession 101: What Creditors Can and Can’t Take

If you fall behind on your loan payments, you may be worried that the creditor can repossess something you own – like your car, your home, or even your new refrigerator. “Repossession” happens when a creditor takes back the property you pledged as

Mortgage Loan Modification Update: State Attorney Generals and Federal Government Press Banks For Reforms

Homeowners in DC, VA and MD seeking loan modifications to save the family home may see improvements in the currently messy process if a group of state attorney generals and federal officials are successful in on-going settlement talks with major US

Proof that Tax Refund Anticipation Loans are a Bad Deal: A Jackson Hewitt Bankruptcy

If you ever needed proof that tax refund anticipation loans are bad idea for the borrower, just take a look at what is happening to Jackson Hewitt. Jackson Hewitt’s share price has plummeted 42% to a record low as the company faces the prospect of

Bankruptcy Trustee Gives Up Trying to Sell Former Slave’s Land — Forty Acres and a Mule

Written by Craig D. Robins, Esq. Every so often we file a bankruptcy case that has a rather unusual asset – and unusual assets sometimes lead to unusual dispositions by the trustee. Almost two years ago, in 2008, we filed a Chapter 7 bankruptcy

Madoff Trustee's Amended Complaint - More Bad Stuff 'bout the Mets (Owners)

Irving Picard, the trustee overseeing the liquidation of Bernard L. Madoff Investment Securites (“BLMIS”), has filed an amended complaint (the “Amended Complaint”) that seeks to buttress his allegations against Fred Wilpon and Saul Katz, the owners

Will Bankruptcy Wipe Out All My Debts?

Thanks to those who participated in this week’s Legal Q&A Forum! Our winner is Peter D. from Louisville, Colorado who asks: “Will Bankruptcy Wipe Out All My Debts?” If you’d like your question to be featured in our Weekly Legal Q&A Sessions, email

Spring 2011 Edition Of Bankruptcy Resource Now Available

The Spring 2011 edition of the Absolute Priority newsletter, published by the Cooley LLP Bankruptcy & Restructuring group, of which I am a member, has just been released. The newsletter gives updates on current developments and trends in the