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“Don’t Bet The Farm On It” When is a million dollar equity cushion not enough? Despite a purported cushion of at least $1.2 million, the Bankruptcy Court for the District of Nebraska recently held that a proposed Chapter 12 plan’s repayment terms were unreasonable because: (i) the plan did not provide any periodic adjustment to … Continue reading

The post Elkhorn Crossing, LLC: An Equity Cushion is Not Enough appeared first on Robins Kaplan Trial Attorneys Blog.

3 days 1 hour ago

HonoreeBadgeCredit Slips is honored to have been selected as part of the ABA Journal's Blawg 100, their annual list of the top 100 blogs about law and lawyering. It is our second year in a row for inclusion on the list.

We appreciate all of our readers and are humbled by the time you spend with us. The comments to the posts continually demonstrate that one of the things that makes this blog work is our readership. Thanks for visiting.

Read More from: Credit Slips

3 days 1 hour ago

Consumers' providing bank credentials to third-party services is akin to handing over their house keys. To mitigate screen-scraping risks, banks and fintech companies must first address issues related to security, transparency and control.

Read More from: BankThink

3 days 2 hours ago

Post-crisis regulations were not only costly but may have undermined executive accountability by turning CEOs into compliance managers instead of drivers of business decisions.

Read More from: BankThink

3 days 5 hours ago

Receiving Wide Coverage ...

Wall Street ties: Steven Mnuchin, a former Goldman Sachs executive, is expected to be named Treasury secretary by President-elect Donald Trump. "Mr. Mnuchin's Wall Street pedigree presents a contrast with the populist themes Mr. Trump struck in his campaign, railing against big banks and vowing to close tax loopholes that benefit hedge funds," the Wall Street Journal commented. "Mr. Trump also repeatedly attacked his rivals in the primary and general elections for...

Read More from: BankThink

3 days 5 hours ago

Nick-GajewskiNow that Thanksgiving and Black Friday are behind us, the Holiday shopping season is in full swing.  Many of you likely made purchases using credit cards or other credit accounts to make gift purchases.  If you’re already in a tight financial situation, keep in mind that the Bankruptcy Code has provisions built in that prevent a person from discharging debts that have been recently incurred.

Read More from: Bonds & Botes, P.C.

3 days 6 hours ago

In re Jackson 554 B.R. 156 (BAP 6th Cir. 2016) – At the request of a chapter 7 debtor, the bankruptcy court reopened his case and sanctioned the debtor’s condominium association for violating his discharge. On appeal the Bankruptcy Appellate … Continue reading

3 days 7 hours ago

Americans could have significantly more money saved for their retirement, if not for all the fees that the asset management industry charges. What's worse is most savers are unclear how much they are paying, to whom, and for what. The authors of "What They Do With Your Money: How the Financial System Fails Us and How to Fix It" propose some changes that they say would not only help the economy grow faster but improve corporate America overall.

Read More from: BankThink

3 days 16 hours ago

Planning for retirement

The economy still hasn’t fully rebounded from the recession, leaving plenty of families with difficult financial decisions to be made. One question that many people find themselves asking is: Should I plan for my future retirement right now, or should I focus on paying off my current bills and other debt obligations and worry about my retirement later? The answer for you may not be clear, especially when you’ve got a mountain of debt and serious concerns about whether you may need to consider filing for bankruptcy.

3 days 22 hours ago

Signs point to international regulatory reform having passed its peak, with European regulators delaying policies and agitating against further Basel III rules.

Read More from: BankThink

4 days 2 hours ago

Bankruptcy Decatur Amy TannerWe are quickly approaching the beginning of a new year. Many people see the new year as a new beginning and a time to make a fresh start or seek some sort of improvement from the past year. Many folks may decide to consider looking for a home and taking out a mortgage in the coming year. Before seeking a mortgage loan, it is smart to review your credit history and make any improvements you can in order to help yourself get the credit you want or need.

Read More from: Bonds & Botes, P.C.

4 days 4 hours ago

The Internal Revenue Service's petition for information on Coinbase customers is an overreach that should concern Americans regardless of whether they use bitcoin.

Read More from: BankThink

4 days 5 hours ago

Receiving Wide Coverage ...

Differing views: The Wall Street Journal's editorial page had some strong words about the Consumer Financial Protection Bureau, the "rogue" bureau "which has abused the law and whose structure was recently found unconstitutional. By all rights the bureau should be killed," it says, and "Mr. Trump should dismiss [Director Richard] Cordray on his first day as President." "Reform options short of a death sentence could at least restrain some of the bureau's...

Read More from: BankThink

4 days 6 hours ago

 

In a recent article for Practical Law Bankruptcy, Restructuring Senior Counsel Marc Levinson prepared a comparison chart providing an overview of the major facets of a Chapter 9 municipal bankruptcy and comparing them to those of a traditional Chapter 11 bankruptcy. The Chart examines, among other crucial issues, commencement of the case, eligibility requirements, case administration, preference actions and plans. To read the full chart, please click here.

4 days 6 hours ago

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Proactivity

By: Donald L. Swanson

In a remarkable demonstration of cooperation and coordination, three separate courts (both Federal and State) enter proactive mediation orders and appoint the same mediator in three related cases.

Fact Background

The cases involve a genetically modified strain of corn developed and marketed by Syngenta.  The new strain gets regulatory approval from the U.S. and other countries – but not from China.

Corn prices begin dropping when China begins rejecting U.S. corn shipments that contain even a trace of this new strain.

Read More from: Mediatbankry

4 days 8 hours ago

Creditors Collection Tool As a wage earner, nobody wants to see their wages garnished. Whenever a person is working for wages and they have an outstanding monetary judgment against them, there is always the risk and concern that a wage garnishment summons could be forthcoming. Judgment creditors and their lawyers have access to information which+ Read More

The post Wage Garnishment Proceedings: An Employer’s Perspective appeared first on David M. Siegel.

4 days 21 hours ago

Today, a CVS Pharmacy located in Naples, Florida on the way to Marco Island, Florida is open for business. While this may spell good news for tourists in need of sunscreen and the seasonal “snow birds” picking up their toiletries, the Board of County Commissioners is not so thrilled. Recently, the Board gave County Attorney, … Continue reading

The post CVS Pharmacy: (W)ealth is Everything appeared first on Robins Kaplan Trial Attorneys Blog.

4 days 21 hours ago

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