ABI Blog Exchange

Asset Armor: Protecting Your Wealth with Bernstein-Burkley’s Asset Protection Insights Blog #2

By Harry W. Greenfield June 7, 2023 A series of blogs on Asset Protection…. Blog #2. >>> When should asset protection start? The easy answer is the moment one either acquires … The post Asset Armor: Protecting Your Wealth with Bernstein-Burkley’s

Philip Anker Speaks on the Purdue Pharma decision

There are three lenses through which I view the Second Circuit’s recent decision in Purdue. The first is one of policy – if I could amend the Bankruptcy Code, would it permit non-consensual, third-party releases? I can see arguments on both sides but

Know Your Rights: Fair Debt Collection Practices Act

You applied to a loan or a line of credit and, based on your credit score and past payment history, the lender took a chance on you. Since then, your financial world has collapsed. Perhaps you lost your job or got into a car accident and now have

Does Electricity Supplied Within 20 Days of a Bankruptcy Qualify for Section 503(b)(9) Priority Status? Recent Decisions Say “No”

Does Electricity Supplied Within 20 Days of a Bankruptcy Qualify for Section 503(b)(9) Priority Status? Recent Decisions Say “No”

Student loan payment restart: Here’s the official date you’ll have to start paying again Aug 29, 2023 according to AL.com

Student loan payment restart: Here’s the official date you’ll have to start paying again Aug 29, 2023 according to AL.com AL.com is reporting that the official date when student loan payments will commence is August 29, 2023. The article can be found

3M CEO Ordered To Personally Attend Mediation Sessions (In re 3M Combat Earplug Litigation)

By: Donald L Swanson 3M’s Chief Executive Officer “must personally attend, and listen and engage directly with the mediators.” From mediation Order entered May 19, 2023, in In re 3M Combat Arms Earplug Products Liability Litigation, Case No. 3740

Is There a Right of Redemption at a Sheriff’s Sale in Pennsylvania?

Losing your home in a sheriff’s sale can be a painful process. A sale is almost always permanent, as many homeowners won’t be able to redeem their property once sold in Pennsylvania. The right of redemption is reserved for homeowners whose property

Globe Newswire is reporting that Commercial Chapter 11 Filings Doubled Over Same Period Last Year

Globe Newswire is reporting that Commercial Chapter 11 Filings Doubled Over Same Period Last Year. The article can be found at https://www.globenewswire.com/news-release/2023/06/02/2681388/0/en/Comm…

Chapter 13 Payment Information

Here’s How You Can Make Your Chapter 13 Payments in the Alexandria VA Bankruptcy Court The bankruptcy law tells you to make your first Chapter 13 payment one month after your bankruptcy case is filed. If you forget, or bounce, your first payment, the

Chapter 13 Payment Information

Here’s How You Can Make Your Chapter 13 Payments in the Alexandria VA Bankruptcy Court The bankruptcy law tells you to make your first Chapter 13 payment one month after your bankruptcy case is filed. If you forget, or bounce, your first payment, the

Bankruptcy Filing Requires More Than Honesty

The discharge of debts you can’t pay is the goal of a bankruptcy filing. That discharge wipes out debts, making them forever unenforceable. Yet, it isn’t a slam-dunk that your bankruptcy case ends in discharge. The Bankruptcy Code lists 12 situations

June 7 virtual event on Second Circuit's Purdue Pharma decision

The Commercial Law League of America is holding a virtual event next week, free of charge and open to all, on broader implications of the Second Circuit's Purdue Pharma decision. Register here. Date and time: June 7, 2023 at noon...

June 2, 2023 Bankruptcy Quiz

Here’s this week’s Bankruptcy Quiz, just in time for me to leave for a short vacation. This one is all about Subchapter V bankruptcy cases. I hope it’s a little easier than last week’s quiz. (I used Judge Paul Bonapfel’s amazing treatise, A Guide to

Can UK Administrators Apply For Conditional Discharge of Liability?

The court has recently confirmed that it does have jurisdiction to grant administrators a conditional discharge of liability but decided not to do so in the case of Re Central Properties Holdings Ltd (in administration) [2023]. In this blog we

(Australia) Debt Ceilings Apply Outside of the US

The uncertainty in markets continues as a result of a number of issues, including monetary policy, supply chain challenges, labour market constraints, increased creditor activities and a balance sheet reckoning post-COVID-19 where government support

The Ins And Outs Of Wage Garnishment & How To Avoid It

In the world of debt collection, wage garnishment is the equivalent of bringing in the “big guns.” It’s a regular payment to a creditor, taken from a paycheck by the employer. This is a powerful tool used by creditors to get repaid, but it also

A Missing Piece in Subchapter V Eligibility & A Potential Work-Around

By: Donald L Swanson One of the missing pieces in Subchapter V is this: it’s easier for a corporate business to meet the “engaged in commercial or business activities” standard for eligibility than it is for an individual owner/guarantor of that

May 2023 Ponzi Scheme Roundup

Posted by Kathy Bazoian Phelps Below is a summary of Ponzi scheme activity reported for May 2023. Ponzi scheme activity levels were higher this month with 16 new Ponzi schemes hitting the news. The new schemes involved over $200,000,000 of investor

Here's What Happens When a Company You've Invested in Goes Bankrupt

The Motley Fool has an article about Here's What Happens When a Company You've Invested in Goes Bankrupt. The article can be found at https://www.fool.com/the-ascent/buying-stocks/articles/heres-what-happe…