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

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Abstention Decision Raises Troubling Issues on Letters of Credit

Contributed by Debra A. Dandeneau. A decision involving a malpractice action against counsel for a debtor could create troubling law relating to the treatment of letters of credit in bankruptcy. Although the bankruptcy court decision in Rafool v

Abstention Decision Raises Troubling Issues on Letters of Credit

Contributed by Debra A. Dandeneau. A decision involving a malpractice action against counsel for a debtor could create troubling law relating to the treatment of letters of credit in bankruptcy. Although the bankruptcy court decision in Rafool v

Do I Lose My Small Business If I File Bankruptcy?

Some people come to see me to file a bankruptcy, and are operating or have operated a small business. If they are going out of business or have gone out of business, usually it is best to file a Chapter 7 bankruptcy, and seek a discharge of all the

5 Lessons from Real Housewife NJ Teresa’s Bankruptcy Case

On October 29, 2009, Teresa Giudice and her husband, Giuseppe (“Joe”), filed a bankruptcy case under chapter 7 of the Bankruptcy Code. They claim to have nearly $11 million in debts with approximately $2.25 million in assets. Few people will have to

Bogus Filing Gets Virginia Foreclosure Attorney A $10,000 Court Fine

One of the problems with practitioners who lower the bar is that they put pressure on other attorneys who want to run an honest practice. For the past three years I have heard from potential clients in initial interviews about this Alexandria

Settle for Pennies on the Dollar? Here is one VERY P.O.'d J.K. Harris customer!

Except for the occasional expletive, this poor man's tale of woe sounds just like the ones I hear all the time from unlucky tax debtors who'd been burned by the mill at J.K. Harris. Below is his text. "If you're thinking about using J.K. Harris, my

Business risk from public spending cuts

Connaught PLC's administration illustrated the risk to private sector business of public spending cuts (Connaught collapse blamed on government spending cuts). That risk is further highlighted in research, statistics and commentary from such diverse

Connaught collapse blamed on government spending cuts

The impending administration of the FTSE 250 social housing company, Connaught PLC, is widely reported today. This tangible illustration of the effect government spending cuts can have on industry poses questions about the future of the UK economy


The Chapter 7 Bankruptcy Filing Of American Shingle & SIding, Inc.

The local and national news has picked up on the Chapter 7 Bankruptcy filing of American Shingle & Siding, Inc. The case was filed on September 2, 2010, as Chapter 7 Case No. 10-85541-MGD ( click here for the petition). The schedules were not filed

Tenants Protected After Foreclosure

You are a tenant in a multi-family or single family house that has just gone through foreclosure. Can you be just "kicked-out" by the foreclosing bank? The answer used to be "yes" (after Court) but now, in Massachusetts, it is "NO"!The new