The news we heard at Wynn at Law, LLC in February reported that Wisconsin bankruptcy filings last year were at their lowest level since 2007, before the recession. What does that mean to you? Absolutely nothing. Economists care about the number because it means more people are working (maybe) and more people are paying what they owe (probably).
It could also mean that more people in debt sought relief immediately after the mortgage crisis rather than waiting and struggling. There’s no shame in that. And there’s no shame in waiting until now to file if you’ve struggled trying to get caught up. About the only thing that fewer filings in 2016 means to you and me is that the bankruptcy judge may have a little less of a backlog of cases. Maybe.
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Four retail managers are the first senior employees let go by the bank for their roles in the phony accounts scandal; federal court rules against investors in GSE suit.
A rollback of fair-lending enforcement activity undertaken by the previous administration would deny justice to millions of families that are subjected to discriminatory practices.
Tala, based in Santa Monica, Calif., makes its loan decisions after analyzing data on the mobile phones of users in Kenya and the Philippines.
If you've ever walked past a film shoot, it's easy to see how much more there is to the movies and TV than just the star and director. There's often dozens or even hundreds of other people involved in the production — bit players, stunt performers, musicians and more — and they all have to be paid, at times irregularly and under different rules.
The U.K. challenger bank will reportedly bring the singer on as a brand ambassador, with an option to acquire a stake in the company
The newest reputational threat has nothing to do with violations of regulations or ethical norms, but rather with the extreme polarization and activism spreading through the country.
The banking industry's top advocacy groups can't support giving credit unions capital-raising alternatives, but they are trying to understand the NCUA's complex proposal before filing comment letters against it.
In re Luxeyard, Inc., 556 B.R. 627 (Bankr. D. Del. 2016)
Declining to opine upon the “bar to joinder doctrine,” the Delaware Bankruptcy Court in this Opinion applied the Third Circuit’s “totality of the circumstances” bad faith test to deny a motion to bar the joinder of additional petitioners to an involuntary petition under Section 303(c) of the Bankruptcy Code. Simply put, the Debtor did not carry its burden to show there was a bad faith filing, and therefore, the Court need not consider the bar to joinder doctrine. Read More ›
Read More from: Delaware Bankruptcy Insider
This is one of the most common questions I’m asked. Debt consolidation (or Chapter 13 Bankruptcy as it is technically known) is one of the most common types of bankruptcy cases, and many people are familiar with how it works. We have written before about many of the details of Chapter 13 Debt Consolidation, but today I wanted to address the issue of how to qualify for a Chapter 13 case.
Read More from: Bonds & Botes, P.C.
In order to determine whether bankruptcy is the correct option for you, careful consideration must be given to your situation. However, among the most critical factors to take into account are:
Read More from: The Law Office of Joel R. Spivack
Morgantown Excavators, Inc. v The Huntington Nat’l Bank (In re Morgantown Excavators, Inc.), 557 B.R. 469 (Bankr. N.D. W.Va. 2016) – Chapter 7 debtors sued a lender alleging violations of the Uniform Commercial Code (UCC) and other state law based … Continue reading
Read More from: Bankruptcy-RealEstate-Insights
A federal appeals court upheld a ruling that barred hedge funds from suing to overturn the U.S. government’s 2012 decision to capture billions of dollars in the profits generated by the mortgage guarantors Fannie Mae and Freddie Mac after their bailout.
Wells Fargo has fired its consumer credit solutions head and three other senior managers for actions related to a scandal involving employees creating fraudulent customer accounts.
The human voice changes more quickly than you’d think, and this has to be taken into account by voice-recognition systems.
Attendees at an American Bankers Association conference believe a massive overhaul of banking regulations is unlikely.
Banks have long been eager to see regulators knocked down a peg in the courts, but now that it might actually happen under President Trump, some are beginning to wonder if it might ultimately boomerang against the financial services industry.
Columbia Banking's CEO, who died unexpectedly on Sunday, was a thoughtful and tenacious leader who leaves a legacy of turning a small Washington bank into a regional power in the Pacific Northwest.
On Sept. 30, 2016. Dollars in thousands