ABI Blog Exchange

What Happens if You Voluntarily Dismiss Your Chapter 13 Bankruptcy?

Chapter 13 bankruptcy is a form of bankruptcy that allows you to reorganize your debts. After successfully declaring Chapter 13 bankruptcy, a monthly payment plan will be established that allows you to repay your creditors over a specific period of

UCC Amendments: Resurrecting An Old Theory In Opposition

By: Donald L Swanson Amendments to the Uniform Commercial Code are receiving widespread acceptance in a large number of state legislatures, across party lines and as an apolitical and nonpartisan piece of legislation. That’s as intended and expected

Will Bankruptcy Delay Your Ability to Retire?

The thought of financial difficulties delaying your ability to retire can seem like a nightmare. By filing for bankruptcy, you can stick to your retirement timeline and establish financial security relatively quickly Often, retirement accounts are

(UK) EBT Claims- Have Beneficiaries been Unjustly Enriched?

Can a liquidator run an unjust enrichment claim to seek to recover PAYE and NIC liabilities from a company’s directors arising from the company’s use of a “disguised remuneration” employee benefit trust (“EBT”) scheme? Based on the findings of ICC

Varnish Software Sets New CDN Throughput Record, Featured in Rethink Research

In a groundbreaking achievement that’s setting the tech world abuzz, Varnish Software, in collaboration with Intel and Supermicro, has shattered previous records in content delivery network (CDN) throughput. This Swedish caching specialist has not

What's Going on with First Republic Bank?

Following the failure of Silicon Valley Bank, a lot of other regionals have experienced depositor runs and serious pressure on their stock prices. But there's actually a lot of variation among regionals, and the solutions to SVB's problems don't

What’s Your Retirement Theme Song?

Why does April tax season put me in mind of September Song ? Oh, the days dwindle down, to a precious few…. A precious few days to make your contribution to tax advantaged retirement accounts. Or, do you tap your foot to a different song: Do You

Can Individuals File Chapter 11 Bankruptcy

Individuals Can File Chapter 11 Bankruptcy Contrary to popular belief, Chapter 11 bankruptcy is not just for businesses. Individuals can file bankruptcy under Chapter 7, Chapter 13, , or Chapter 11 of the Bankruptcy Code. Individuals usually only

Does Your Employer Know if You Have a Wage Garnishment in Pennsylvania?

Most people understandably want to keep their personal financial difficulties, like any debt they may have, private. Unfortunately, if one of your creditors seeks wage garnishment in Pennsylvania, your employer is likely to find out. When your wages

The Problem of the Small Cheat

By: Donald L Swanson Q. “Your boss is quite a card player, Kelly. How does he do it?” A. “He cheats.” –From, “The Sting.” An essay [Fn. 1] explores the cheating exploits of a London-area grocer from back in the early 1600s. In particular, it explores

MOTLEY FOOL ARTICLE ON REPAYMENT OF SBA EIDL LOANS

The Motley Fool has an article on the repayment of SBA EIDL Loans. The article is titled "Took Out a Small Business Loan During the Pandemic? You May Need to Start Paying It Back"The article can be found at https://www.fool.com/the-ascent/small

Practice Pointer: Reliance on Bankruptcy Court Appointed Examiner’s Report — Not so Fast

Practice Pointer: Reliance on Bankruptcy Court Appointed Examiner’s Report — Not so Fast

Weekly News – March 10

Women’s History Month Upcoming Feature Silvergate bank failure Silicon Valley Bank bank failure What happened at SVB? SVB cap structure at a glance Contagion fears… Contagion fears… Ackman Stablecoin USDC: next domino to fall? or, is this much ado

Was SVB's problem a lack of membership?

If the bank is a Fed member, doesn't it take its USTs to the discount window instead of selling them for big losses? Does this suggest that all large banks (however defined) should be Fed members, regardless of their charter...

Why Weren't Silicon Valley Bank Depositors Using CDARS?

Silicon Valley Bank seems to have had large amounts of uninsured deposits from businesses and high net worth individuals. And those uninsured deposits are likely to be impaired in the receivership, meaning that they will not get paid 100 cents...

What Could Go Wrong When a DIP Maintains a Large, Uninsured Deposit Account at Silicon Valley Bank?

You gotta feel for BlockFi customers. First, they find themselves creditors in BlockFi's bankruptcy. And now they've found out that BlockFi had a large, uninsured deposit...at Silicon Valley Bank. Yup, it seems that BlockFi had $227 million in a

Differences Between Chapter 7 and Chapter 13

IMCGRUP has an article on the "Differences Between Chapter 7 and Chapter 13 Bankruptcy. The article can be found at https://www.imcgrupo.com/difference-between-chapter-7-and-chapter-13-ba… Shenwick, Esq. jshenwick@gmail.com 917 363 3391

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

In most cases, creditors cannot try to collect a debt during or after bankruptcy in Pennsylvania. During bankruptcy, a stay may be put on these efforts from creditors. After bankruptcy, debts that have been discharged do not need to be paid, and

Mediator Insights: Don’t Overlook the Obvious

While very often the path to resolution of a dispute is circuitous, sometimes it is obvious and direct. But all too often, those involved in the litigation cannot see it. This is one way that a neutral can help. To illustrate how this arises outside