ABI Blog Exchange

14-4: Any Questions?

Anna, Adam, and myself have a piece up on Alphaville about section four of the 14th Amendment, which is all the rage these days.

What is a Medical Bankruptcy in New Jersey?

When struggling to pay medical bills in New Jersey, debtors can declare bankruptcy and possibly get such debts discharged. Either Chapter 13 or Chapter 7 bankruptcy can help you get a handle on medical debt in New Jersey. There is no type of

Required Disclosure Of “Last Offers” By Mediating Parties (In re Genesis Global)

By: Donald L Swanson “ within three (3) business days of termination of the mediation, the Debtors shall publicly disclose the terms of the last offers extended by each of the Mediation Parties, respectively.”[Fn. 1] Say what!? Whoever heard of such

Fifth Circuit Holds that Section 363(m)’s “Good Faith Purchaser” Protection Applies to Secured Creditor that Used “Economic Leverage” in Connection with Credit Bid for Assets

Fifth Circuit Holds that Section 363(m)’s “Good Faith Purchaser” Protection Applies to Secured Creditor that Used “Economic Leverage” in Connection with Credit Bid for Assets

Weight Loss Brand Jenny Craig Files for Bankruptcy, Shuts Down

Weight Loss Brand Jenny Craig Files for Bankruptcy, Shuts Down Bloomberg is reporting that Jenny Craig files for Bankruptcy last week and is shutting down. People and companies that are owed money should file a Proof of Claim & landlord's should

What to Do if You Received a Mortgage Foreclosure Notice in New Jersey

Falling behind on the mortgage is always frustrating, but you risk foreclosure if you miss too many payments. Thankfully, creditors cannot blindside you with foreclosure proceedings, and you should receive a mortgage foreclosure notice beforehand

Weekly News – May 5

Registration Now Open REGISTER HERE Debtor on Debtor Violence FTX sues Genesis for $3.7bn in clawbacks Debtor on Debtor Violence FTX US Debtors versus Bahamian JPLs EXCLUSIVE CONTENT Creditor on Creditor Violence Party City picking winners and losers

How Would a US Debt Default Affect Social Security?

Should the U.S. enter into a debt default, many government programs, including Social Security disability benefits, could be impacted. Unfortunately for Social Security benefit recipients, U.S. debt default could indefinitely pause monthly payments

What to Do If You Received a Mortgage Foreclosure Notice in PA

Receiving a mortgage foreclosure notice could be the beginning of one of the most challenging periods in a person’s life. While the loss of your home is at risk, there are methods to prevent the worst from occurring. The best way to fight mortgage

What to Do if You Are Being Sued for Debts in New Jersey

Being in debt is not unusual, and many people have debt to pay off. If you have missed too many payments, the creditor might come after you with a lawsuit. You should immediately meet with an attorney to discuss your legal options after being sued

New Relief Program for SBA EIDL Borrowers Who are Having Difficulty Repaying EIDL Loans " Hardship Accommodation Plan"

The SBA has announced a "Hardship Accommodation Plan" for EIDL loan borrowers. New Relief Program for SBA EIDL Borrowers Who are Having Difficulty Repaying EIDL Loans " Hardship Accommodation Plan" If approved, the Hardship Accommodation Plan will

With consumer debt at an all-time high, a financial planner explains who should consider bankruptcy Business Insider article

With consumer debt at an all-time high, a financial planner explains who should consider bankruptcy Business Insider The article can be found at the Business Insider at https://www.businessinsider.com/personal-finance/decide-bankruptcy-make…

What to Do if You Are Being Sued for Debts in Pennsylvania?

Having debt is pretty normal, and most people have some debts they are working on paying back. If you fall behind on payments, you might land in some trouble. Fall too far behind, and creditors might take legal action. If you are being sued for

How Fast Can You File for Bankruptcy in New Jersey?

The entire process of bankruptcy can be completed within months or years in New Jersey. Initial filings can take place soon after you recognize the need for financial relief. While you can declare bankruptcy quickly in New Jersey, it is important to

Bad Faith Bankruptcy Filing & Dismissal: An Illustration (In re Obstetric and Gynecologic Associates)

By: Donald L Swanson Dismissal of a bankruptcy—for bad faith filing—is a rarity. So, how a bankruptcy court grapples with the bad faith issue . . . and ends up dismissing the bankruptcy . . . can provide a lesson for us all. What follows is a summary

Small Business Subchapter V Bankruptcy Filings Increase 81% Y/Y, Commercial Chapter 11 Filings Up 32% Y/Y

Small Business Subchapter V Bankruptcy Filings Increase 81% Y/Y, Commercial Chapter 11 Filings Up 32% Y/Y The story can be found at https://www.abladvisor.com/news/36372/small-business-subchapter-vs-incr…

Latest Market Guidance on the National Security and Investment Act 2021 (“NSIA”) is not particularly comforting to UK restructuring professionals

The NSIA is aimed at safeguarding national security and only applies to certain transactions occurring within certain sectors where national security might be threatened. There are 17 sectors in total, including energy, transport, and communications

How to Stop a Sheriff’s Sale in Allentown, PA

A Sheriff’s sale is every homeowner’s nightmare. If you act quickly, you might have a chance to prevent the sale by filing for bankruptcy. A sheriff’s sale usually happens after a homeowner fails to make mortgage payments on time and their home

Protecting Property Interests From Aggressive Government Tax Taking (Tyler v. Hennepin County—Oral Arguments at U.S. Supreme Court)

By: Donald L Swanson Oral arguments are held at the U.S. Supreme Court on April 26, 2023, in Tyler v. Hennepin County, Minnesota, Case No. 22-166. A transcript of such arguments is linked here. The essence of the case is this. Hennepin County