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

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The Regressive Cross-Subsidy of Uncapping Deposit Insurance

There's talk about removing the FDIC deposit insurance caps in response to the "Panic of 2023"®. There's a refreshing realism about such a move. But let's also be clear about the distributional impact of such a move: it's a huge...

The Financial Regulatory Credibility Problem

Financial regulation has a credibility problem. Actually, it's got two credibility problems. It's not credible any more to think that financial regulators will shut down troubled institutions until they are forced to do so. And it's no longer

Make them Produce Documents

The second great power of Discovery is the Motion to Produce Documents. When a bill collector sues for nonpayment of a debt, they also open themselves up to answer questions–finally!!–and to provide documents. What type of documents? Well, any

Eligibility For Chapter 9—Over Objections Of Mayor & City Council? (City Of Chester, PA)

By: Donald L Swanson City of Chester is the oldest city in Pennsylvania, incorporated as a borough in 1701 and as a city in 1866, and is located on the Delaware River between Philadelphia and Wilmington. Unfortunately, the City is also in Chapter 9

Diane – you were nice and caring.

“You were very nice and caring. ” R.G. I cannot thank you enough Diane for taking the time to speak with me. Your website has so much information and very helpful. You were very nice and caring. Appreciate you! R.G. The post Diane – you were nice and

Can You Borrow from Your 401(k) to Avoid Filing for Bankruptcy?

The money held in your 401(k) is yours to withdraw, provided you are fine with incurring a tax on withdrawn funds if you have not yet reached retirement age. That doesn’t mean that debtors should borrow funds from a 401(k) to pay off debts in an

Weekly News – March 17

Bankruptcy bingo How did we get here? Contagion fears… Ackman sounds the alarm (again…) Sending out an SOS Fed STRESS SVB Holdco files for BK Back to the basics… CSFB UBS to the rescue! And in other news… Diamond Sports files for BK Serta news

Jim Shenwick, Esq Commercial Leasing Biography in Manhattan New York City

● Jim Shenwick, Esq has a specialty in commercial leasing (he has represented over 300 tenants and landlords in commercial lease negotiations). ●Representative Manhattan transactions include the following: (a) represented over 250 commercial tenants

Commercial Leasing Checklist in New York City Manhattan Part II

1. Tenant should be permitted signage (at no cost ) in building lobby directory, elevator, floor and door (window signage flag should be permitted for retail) 2. Tenant should have the right to make deliveries to the premises at any time of the day

Commercial Leasing Checklist in New York City Manhattan Part I

At Shenwick & Associates, we have represented more than 300 tenants in commercial leasing transactions, including office tenants, restaurants & retain stores. Provided below is Part I of our Leasing Checklist. Any clients having questions about

What is Chapter 11 bankruptcy?

Business Insider has a very helpful article on Chapter 11 bankruptcy. The article can be found at https://www.businessinsider.com/personal-finance/what-is-chapter-11-ban… Many people are not aware that individuals as well as businesses can file

Oops. How the FDIC Guaranteed the Deposits of SVB Financial Group

When President Biden announced the rescue of Silicon Valley Bank depositors, he emphasized that "investors in the banks will not be protected. They knowingly took a risk and when the risk didn’t pay off, investors lose their money. That’s how...

Who Knew Silicon Valley Was in Manhattan?

Silicon Valley Bank's holding company, SVB Financial Group, filed for Chapter 11 bankruptcy this morning...in the Southern District of New York. Who knew that Park Avenue South was in the heart of Silicon Valley? Seriously, the venue here looks

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