Instead of sitting around waiting for the next cyberattack, banks are trying to get a little ahead – without breaking the law.
Read More from: CLLA Bankruptcy Blog
Read More from: CLLA Bankruptcy Blog
Structured dismissals have become an attractive option for debtors in recent years. The outcome of a case pending before the Supreme Court, however, may halt that trend.
On December 7, 2016, the United States Supreme Court heard oral arguments in Czyzewski v. Jevic Holding Corp. to decide if a bankruptcy court can approve settlements that contravene the Bankruptcy Code’s priority scheme in section 507, so long as the court finds that no creditor would be better off under any available alternative (even though some creditors would fare better under the otherwise non-compliant settlement).
Read More from: The Insolvency Blog - Thompson & Knight LLP
The deal with American Homestead Mortgage will allow Wintrust Mortgage to move into northern Montana.
Yellen has good things to say about Volcker rule and CFPB, while Tarullo backs tighter reins on big banks; Trump said to be considering Mnuchin deputy as Comptroller of the Currency.
OpenFin, a devotee to open source software, has raised $15 million in Series B funding to fuel staff expansion, business development and new products.
A protectionist banking policy could lead to reprisal from overseas regulators, financial instability and less cross-border business.
The New York State Department of Financial Services is hoping to expand its authority to marketplace lenders, brokers, merchant cash advance companies and others that previously could operate in the state without a license.
Freddie Mac's net income increased to $4.8 billion in the fourth quarter, more than double what it earned a quarter earlier, the government-sponsored enterprise announced Thursday.
A dozen global transaction banks are now using the Society for Worldwide Interbank Financial Telecommunication's new global payments initiative service to improve cross-border payment delivery.
At a time of dangerous political division, the plan to grant federal charters to financial technology firms can address policy goals favored by both parties.
Bank of America's Michelle Moore explains the role of design in the bank’s app's success; SoFi's Joanne Bradford claims money isn't the most important thing in taking a new job; TSB's Helen Rise urges women to be bolder.
Some banks are looking to hire advisers or buy firms, while others are looking to get out of the business entirely.
Hyundai is one of Montgomery’s biggest employers where more than 3,000 team members are employed with high-paying jobs and full benefits. Additionally, more than 35 tier one suppliers are located in seventeen counties across Alabama. Further there are 78 total suppliers located throughout North America to support the Hyundai plant. Altogether, these suppliers created 7,000 additional jobs by Alabama based suppliers according to Hyundai’s website.
President Trump’s campaign made threats to trash the North American Free Trade Agreement or impose stiff import tariffs to keep more jobs at home. Mexico is attractive to the automotive industry due to low operating costs and a large number of free trade agreements. Alabama imports car parts from Mexico and if there was a tariff, the amount could add millions to costs which could be passed on to the consumer. According the U.S. Commerce Department, auto parts is the single largest product imported from Mexico with about $51.6 billion through November, 2016 and accounted for about 19% of all products shipped from Mexico. No one knows whether Congress will go along with a tariff on Mexican goods, or whether President Trump will keep his campaign position.
Read More from: Bonds & Botes, P.C.
The recent case of Thomas & another v Frogmore Real Estate Partners & others  EWHC 25 (Ch) provides useful guidance for anyone analyzing the centre of main interests (“COMI”) of a company not registered in the UK or other EEA state for the purposes of assessing whether or not insolvency proceedings relating to the company can be instigated in the UK courts under the EC Regulation.
Read More from: eSQUIRE Global Crossings
On February 15, 2017, Calrissian LP, a Burlingame, CA-based entity, filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 17-10356). Calrissian is the parent holding company of Our Alchemy LLC (Case No. 16-11596) and Anderson Digital LLC (Case No. 16-11597), which filed petitions for relief under Chapter 7 in the Bankruptcy Court for the District of Delaware on July 1, 2016. Those cases are being jointly administered before the Honorable Kevin Gross. According to Calrissian’s Schedules, Calrissian’s only tangible property is a deposit account containing $1,432.90, while Calrissian has $46 million in secured debt and $6,143,200.09 in nonpriority unsecured debt. According to Calrissian’s Statements of Financial Affairs, Virgo Services Company, LLC, which owns 59.59% of the equity of Calrissian, is its controlling shareholder. Calrissian’s creditor matrix identifies only thirteen creditors. The case has been assigned to the Honorable Kevin Gross.
Read More from: Cole Schotz P.C. Bankruptcy & Restructuring Law Blog
In In re Appling (Appling v. Lamar, Archer & Cofrin, LLP), No.
Read More from: Georgia Bankruptcy Blog
It can be difficult to come to terms with the harsh reality of having to file for bankruptcy. However, you are not alone if you find yourself faced with such a challenging decision. According to data from U.S. bankruptcy courts, over 1.5 million people file for bankruptcy annually. And almost 97 percent of bankruptcy filings are made by individuals, and not businesses.
Following are some of the top reasons that people file for bankruptcy:
A Harvard University study indicated that medical expenses are the reason for 62 percent of personal bankruptcies in the U.S. It is interesting to note that the study also revealed that 72 percent of those who filed for bankruptcy because of medical bills had health insurance, thereby disproving the notion that only those who are uninsured confront financial disasters because of medical expenses. You can file a Chapter 7 bankruptcy to lower your medical debt.
Read More from: The Law Office of Joel R. Spivack