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

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Tips for Buying a New Home: Advice from a Real Estate Attorney

When purchasing a new home, it is important to tread cautiously and understand the myriad of legal complexities involved. Who better to guide us through this process than a real estate attorney? Our law firm aims to give you valuable insights from

Is Pennsylvania a Wet or Dry Funding State?

Wet funding and dry funding states handle mortgage loans differently. So, what is Pennsylvania, a wet or dry funding state? Wet funding is a faster lending process, allowing borrowers to receive mortgage funds on the day mortgage documents are signed

Can Creditors Try to Collect a Debt After Bankruptcy in NJ?

Filing for bankruptcy can be a complicated process. If you’ve recently gone through this process, you might be wondering whether creditors can continue their efforts to collect the debt that led to your bankruptcy filing. In New Jersey, once a debtor

How to Deal with Creditor Harassment in New Jersey

If you are in debt, the last thing you probably want is creditors breathing down your neck, constantly asking when they are going to get paid. You know that you owe them, and they know that you owe them. Chances are, you are working diligently to pay

Here's What Happens When Your Small Business Files for Bankruptcy Motley Fool

Here's What Happens When Your Small Business Files for Bankruptcy by Motley Fool. The article can be found at https://www.fool.com/the-ascent/small-business/articles/heres-what-happ… Jim Shenwick, Esq

Asset Armor: Protecting Your Wealth with Bernstein-Burkley’s Asset Protection Insights Blog #7

By: Robert Bernstein August 15, 2023 In much of asset protection territory, it is a fraudulent transfer or avoidance transfer that we are worried about the most. The reason for … The post Asset Armor: Protecting Your Wealth with Bernstein-Burkley’s

How Close Can You Be To Cannabis And Still Have Access To The Bankruptcy Courts? (US)

How close is too close? The answer to this question can have dire implications for people and companies involved in the cannabis industry who wish to seek bankruptcy protection. Last month, a United States District Court issued an opinion which

Purdue Pharma: U.S. SUPREME COURT TO DECIDE WHETHER A RELEASE THAT EXTINGUISHES NON-DEBTORS’ CLAIMS AGAINST NON-DEBTOR THIRD PARTIES, WITHOUT THE CLAIMANTS’ CONSENT, IS LEGALLY PERMISSIBLE IN A CHAPTER 11 PLAN

By: Jeffrey C. Toole August 15, 2023 For years, the federal courts of appeals have been divided regarding whether, in a chapter 11 plan of reorganization, the claims held by … The post Purdue Pharma: U.S. SUPREME COURT TO DECIDE WHETHER A RELEASE

Should I File for Bankruptcy Over Student Loans in Pennsylvania?

Having student loan debt can cause people considerable financial hardship. Depending on your finances, you might be able to file for bankruptcy to discharge your student loans in Pennsylvania. In order to get student loans discharged in bankruptcy

Subchapter V Trustee’s Facilitation Role (Part 2)—NOT MEDIATION  

By: Donald L Swanson “(b) Duties.—The [Subchapter V] trustee shall— . . . (7) facilitate the development of a consensual plan of reorganization.” From 11 U.S.C § 1183(b)(7)(emphasis added). Facilitation is, by statute, a duty of every Subchapter V

What happens to your Student Loans if you file bankruptcy? Marca.com

What happens to your Student Loans if you file bankruptcy? See the article at Marca.com, it can be found at https://www.marca.com/en/lifestyle/us-news/personal-finance/2023/08/12/… Jim Shenwick, Esq 917 363 3391 jshenwick

How Often Does Bankruptcy Lead to Divorce?

Going through bankruptcy proceedings can be incredibly stressful. Although lawyers may be doing much of the legwork when interacting with the court, there is still a great deal of pressure put on couples where one or both spouses are in the middle of

What Happens to My Timeshare If I File Bankruptcy?

If you are considering bankruptcy, you may be wondering what will happen to your car or your house. In fact, these questions are so common that we have prepared a client FAQ detailing exactly what happens in the bankruptcy process to these and other

Weekly News – August 11

BREAKING NEWS in Purdue Other reactions: Read our recent coverage: Purdue Pharma click through to read the features from our Contributors REORG league tables out Exclusive Content APEs approval slams AMC stock Who said it wasn’t possible??? Exclusive

Are Pension and Retirement Accounts Protected in Pennsylvania Bankruptcies?

If filing for bankruptcy is in your near future, you might be worried about retirement or pension accounts you have set aside for your future well-being. The good news is that many of these accounts are protected from bankruptcy. Unfortunately

August 11, 2023 Bankruptcy Quiz – Inn of Court Edition

Here’s this week’s Bankruptcy Quiz, with an emphasis on consumer Chapter 7 issues. Last Friday, we had our Annual Dinner for the W. Homer Drake, Jr. Georgia Bankruptcy American Inn of Court here in Macon at Capricorn Studios, which is probably most

Discharging Student Debt in Bankruptcy Is Supposed to Be Easier Than Before New York Times

Discharging Student Loans in Bankruptcy. The New York Times has an article titled "Discharging Student Debt in Bankruptcy Is Supposed to Be Easier Than Before" about new processes to discharge student loans in Bankruptcy. The article can be found at

Unhappy Campers and Their Credit Cards

This story about the failure of a company that ships duffel bags to/from sleep-away camps has an interesting payment systems meets bankruptcy angle that got me particularly excited given that I'm teaching payment systems this fall: Parents are

What Is a Non-Earnings Garnishment?

What Is a Non-Earnings Garnishment? While nobody sets out wanting a garnishment, they’re entirely uncommon due to child support and other sources of debt. Garnishments are used by creditors to collect payment for unpaid debts, either through earnings

WeWorks-The co-working company has declared that its ability to endure as a business is in doubt

The New York Times has reported that WeWork, the co-working company, has declared that "its ability to endure as a business is in doubt. The article can be found at https://www.nytimes.com/2023/08/09/business/wework-explain.html This suggests that