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

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Forest View Bankruptcy Attorney Loves Getting People Out Of Debt

Link I love helping people get out of debt. That’s why I chose this area of law. It happened when I was early in my career. I was doing divorces, and I was doing bankruptcy. I was basically doing two areas for low-income people that were underserved

Texas Passes Payday And Title Loan Laws

House Bill 2592 and House Bill 2594 governing payday loan and car title lenders passed last week giving consumers more protection. House Bill 2592 requires more noticeable disclosures regarding fees and interest rates. House Bill 2594 requires both

Post-Bankruptcy Survival: Prepaid Debit Cards Truth And Lies

Prepaid debit cards are becoming increasingly popular as many Americans facing financial troubles are finding it difficult to get a regular checking account due to bounced checks and overdraft issues. But for debtors exiting bankruptcy prepaid debit

Post-Bankruptcy Survival: Making The Most Of Your Financial Fresh Start

One of the biggest reasons that some post- bankruptcy debtors fail to financially thrive after their bankruptcy discharge is that they don’t understand the basics of personal finance. At first, some post-bankruptcy debtors are extremely frugal to a

There’s Good And Bad About Practicing Bankruptcy Law States River Forest Bankruptcy Lawyer

Link So you have an evergreen kind of source of business when you help people and they’re happy with your services because they’ll tell somebody about you. And that’s a good thing about being a bankruptcy attorney. You’re helping people, they’re

Western Springs Bankruptcy Lawyer Describes The Help He Provides

Link In Chapter 13, there’s so much to know, there’s so much math to do, there’s so many technical issues that you have to do to get a case confirmed, and you want to be there for your client. So the great news about being a bankruptcy attorney is

Bring the Brick and Mortar to Life

Old-school "open houses" and "meet-and-greet" events help us leverage our physical locations and our most valuable assets, our bankers.

Pre-pack administrations and the Insolvency (Amendment) (No.2) Rules 2011

Insolvency Lawyers' Association's Response to the draft Insolvency (Amendment) (No.2) Rules 2011 I thoroughly endorse the Insolvency Lawyers' Association's response to the Government's proposed amendments to the law on pre-pack insolvencies, which is

Keeping Your Property During Bankruptcy

Clients are sometimes surprised to find out that filing bankruptcy doesn’t mean they’ll lose the shirt off their backs. To the contrary, bankruptcy is designed to give individuals and families a fresh start in today’s downturn economy. If you decide

Bankruptcy Deflates Balloon Distributor

Chicago’s largest balloon seller has filed for bankruptcy protection, but owner Lee Kaufman insists the party isn’t over. At 100 years old, helium-filled balloon distributor M.K. Brody & Co. still turns a profit but blamed its financial unease on

25% Of Cases Are Chapter 13 States Westchester Bankruptcy Lawyer

Link So Chapter 13 cases make up 25 percent of all bankruptcy cases. This is where the debtor repays either all or a portion of the debt over time, paid to a Chapter 13 trustee in guaranteed funds. The Chapter 13 trustee then disburses to the

Bankruptcy For Illegal Immigrants

Here is some interesting bankruptcy trivia discussed in a blog post by Oregon bankruptcy attorney Kent Anderson. The issue is whether an illegal immigrant can file bankruptcy in the U.S. One would suspect the answer is “no” for any number...

Will Rhode Island's Central Falls Bankruptcy Roll Into Massachusetts?

The largest municipal bankruptcy is happening just outside of Massachusetts. Central Falls, Rhode Island, a city of 18,000, filed for Chapter 9 bankruptcy protection in Federal Bankruptcy Court. The filing was in the Massachusetts Bankruptcy Court

First Published Court Of Appeals Opinion Issued Answering Whether Trademark Licenses Are Assignable In Bankruptcy

It's been a long wait, but we finally have a published decision from a U.S. Court of Appeals answering whether a trademark license is assignable in bankruptcy without the licensor's consent. On July 26, 2011, the U.S. Court of Appeals for the Seventh

First Published Court Of Appeals Opinion Issued Answering Whether Trademark Licenses Are Assignable In Bankruptcy

It's been a long wait, but we finally have a published decision from a U.S. Court of Appeals answering whether a trademark license is assignable in bankruptcy without the licensor's consent. On July 26, 2011, the U.S. Court of Appeals for the Seventh

Warren's Farewell Letter to CFPB Staff

Over at American Banker is the text of Elizabeth Warren's farewell e-mail to the staff of the Consumer Financial Protection Bureau. My favorite line: "An honest market will give companies that provide fair value to their customers a chance to

Proposed Legislation Introduced to Prevent Alleged “Forum Shopping”

Venue in chapter 11 cases has always been a controversial topic. Parties who are dissatisfied with the outcome of chapter 11 cases sometimes blame the venue rules. Currently, 28 U.S.C. § 1408 provides that a debtor may commence a chapter 11 case in a

The Daily Docket: Battle Looms Over Dodgers TV Rights

News Corp.’s Fox Sports is protesting the Los Angeles Dodgers’ request to hire Blackstone Group to market the team’s media rights, setting up a potential battle with the broadcaster that, until recently, had been one of embattled owner Frank McCourt

Melrose Park Bankruptcy Lawyer Describes Chapter 13

Link Let’s talk about a case like Chapter 13 where the debtor does have income available per month beyond their expenses. So let’s talk about a case where someone has $5,000.00 worth of income and $4,000.00 worth of monthly expenses. In that case

Brookfield Bankruptcy Lawyer Explains The Bankruptcy Court Date

Link The trustee is going to ask a series of questions to the debtor under oath. He may ask if they can sue anybody for personal injury or workers’ compensation, whether they expect to inherit any money in the next six months or not, and whether they