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

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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

Do I Have to Reaffirm Any Debts?

No. Reaffirmation is always optional. It is not required by bankruptcy law or any other law – no matter what your creditor say. If a creditor tries to pressure you to reaffirm your debts, remember that you can always say no.

Can I Negotiate With the Prosecutor Myself in a Reckless Driving Case?

In Fairfax County, like a number of other jurisdictions, prosecutors do not meet with or negotiate with unrepresented reckless driving defendants. The prosecutors are too busy and in fact have no involvement in reckless driving cases that do not have

New Chapter 7 Trustee on Bankruptcy Reform

Central Florida consumer bankruptcy attorney Lori Patton became a Chapter 7 trustee for the Federal Bankruptcy Court in Orlando last year. While she still takes Chapter 13 cases in her practice, she has turned her Chapter 7 cases over to...

What is Reaffirmation?

Although you filed bankruptcy to cancel your debts, your creditors may offer you the opportunity to sign a written agreement that “reaffirms” your debt. If you choose to reaffirm, you are agreeing to be legally re-obligated to pay the debt despite

The Theory of Money - (Part 2 of March 7th Posting)

(From the March 7, 2011 posting for background) [How much is GOLD worth? Or even more basic, why is gold worth anything? Why does the Pound Sterling or the Euro or the U.S. or Canadian Dollars have value? Only because "we" say so! The above statement

The Hypothetical Becomes a Reality

We’ve all engaged in the “what-if” scenarios of close votes on the say-on-pay frequency vote, faced by Green Mountain Coffee Roasters. The company recommended triennial say-on-pay frequency and received 49.37% for annual and 49.99% triennial. Talk

House Bill Raises Hopes (some) for Eliminating Pay Ratio Disclosure

Last week House Republicans announced that they are drafting five bills to eliminate or change parts of the Dodd-Frank Act. One of the five is the elimination of the provision to disclose the ratio between the CEO’s compensation and the median annual

Is Anyone Winning on Triennial Say-on-Pay Frequency?

Notable recent support for triennial say-on-pay include Viacom, with insiders controlling about 80%, and Franklin Resources, which barely squeaks in 57% support for triennial even though insiders own approximately 35%. The tide is starting to turn as

The Hypothetical Becomes a Reality

We’ve all engaged in the “what-if” scenarios of close votes on the say-on-pay frequency vote, faced by Green Mountain Coffee Roasters. The company recommended triennial say-on-pay frequency and received 49.37% for annual and 49.99% triennial. Talk