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

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It Doesn’t Always Pay to Have a Title

In a recent decision by the Delaware Bankruptcy Court, the Court held that a person holding the title of an officer, including vice president, is presumptively what he or she appears to be — an officer and, thus, an insider. See In re: Foothills

It Doesn’t Always Pay to Have a Title

In a recent decision by the Delaware Bankruptcy Court, the Court held that a person holding the title of an officer, including vice president, is presumptively what he or she appears to be — an officer and, thus, an insider. See In re: Foothills

All Hope May Not Be Lost For a Seller of Goods to an Insolvent Buyer

In these days of economic uncertainty and write-offs, sellers should be aware of their right under Section 2-705 of the Uniform Commercial Code (UCC) to stop the delivery of goods in transit to an insolvent buyer who has not taken physical possession

Bankruptcy, The Answer For Your Business?

Have you ever wondered why doctors and lawyers ‘practice' their profession? I have. Today you have to be lucky to find a doctor that focuses on ‘healing' and an attorney that focuses on ‘selfless problem solving'. It has been my experience that the

RED ALERT! AVOID THE LOAN MODIFICATION PREDATOR

There are always people ready to take advantage of other people in desperate situations and the current home foreclosure situation is no different. A whole cottage industry has sprung up made up of predators prepared to charge large fees for helping

Mortgage Modification - Truth or Fiction

There has been a great deal of publicity about money being infused into banks and financial institutions by the government. A significant portion of that infusion is supposed to be used to modify existing mortgages that are in default or are on the

Obamanomics may truly be revealed (and tested) with “New GM”

Under the GM deal reached with the Obama Administration, the US Government will own 60% of New GM — that is, the “leaner and meaner” GM (of course, only time will tell if that becomes the case). The problem for the Obama Administration is that the US

Obamanomics may truly be revealed (and tested) with “New GM”

Under the GM deal reached with the Obama Administration, the US Government will own 60% of New GM — that is, the “leaner and meaner” GM (of course, only time will tell if that becomes the case). The problem for the Obama Administration is that the US

Obamanomics may truly be revealed (and tested) with “New GM”

Under the GM deal reached with the Obama Administration, the US Government will own 60% of New GM — that is, the “leaner and meaner” GM (of course, only time will tell if that becomes the case). The problem for the Obama Administration is that the US

As Predicted, GM Files for Chapter 11 Today

GM filed for Chapter 11 bankruptcy protection today in the United States Banrkuptcy Court for the Southern District of New York at 09-50026. A copy of the petition is here, and a copy of the GM press release describing the bankruptcy proceedings are