ABI Blog Exchange

The recent history of bankruptcy law suggests there's a way to provide relief to borrowers overwhelmed by student loans while minimizing concerns about moral hazard.

Read More from: BankThink

4 days 6 hours ago
Bloomberg News
RadioShack Corp . said an offer from Standard General LP to save much of the iconic chain is the best to emerge from an auction, beating out rival offers that would see the retailer shut down. The Wall Street Journal has the Daily Bankruptcy Review article here. (Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”) A judge on Thursday approved the restructuring plan of LightSquared, capping a bankruptcy odyssey for Philip Falcone’s ambitious wireless venture that filed for bankruptcy nearly three years ago. The DBR article is available in WSJ.

Read More from: WSJ.com: Bankruptcy Beat

4 days 7 hours ago
Bloomberg News
RadioShack Corp . said an offer from Standard General LP to save much of the iconic chain is the best to emerge from an auction, beating out rival offers that would see the retailer shut down. The Wall Street Journal has the Daily Bankruptcy Review article here. (Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”) A judge on Thursday approved the restructuring plan of LightSquared, capping a bankruptcy odyssey for Philip Falcone’s ambitious wireless venture that filed for bankruptcy nearly three years ago. The DBR article is available in WSJ.

Read More from: WSJ.com: Bankruptcy Beat

4 days 7 hours ago
Receiving Wide Coverage ... Too Much or Not Enough: Depending on who you ask, the Consumer Financial Protection Bureau's newly proposed restrictions on payday lenders may be characterized as a prime example of regulatory overreaching or as a milquetoast response to toxic practices. Both consumer advocates and payday lending supporters are disappointed by the CFPB's proposals, according to the New York Times. "A chorus of consumer groups said that loopholes in the proposal could still leaveÂ...

Read More from: BankThink

4 days 7 hours ago
while descriptions of fragrance notes make them sound natural,polo ralph lauren discount,polo outlet store The Lacoste range polo t shirts are more elegant and subtle, even when they are for men. The colors of Lacoste are fresh, and this brand is mostly known for the pastel shades which simultaneously look attractive and soothing. The colors of the Lacoste collection include some rare colors, which are not to be found in any other brand collection, however famous it may be.

Read More from: Kieselstein Law Firm

4 days 8 hours ago
but they want the marketing to be good If you still don’t want to break out any green backs, first place to visit is the Aspen Art Museum, which features works by local and international contemporary artists. Entry is, of course,polo ralph lauren discount, free. Down by Hallam Lake Nature Preserve, the Aspen Center for Environmental Studies team offer educational walks around the area,ralph lauren factory store,ralph lauren tracksuit sale, sometimes including snow shoeing, sometimes watching beavers building dams, and always getting up close with the local golden eagle. If you nail, during removal do it extremely slow, incase of mistakes,ralph lauren hoody cheap,discounted ralph lauren, you can always use the easy remedy toothpaste (white) or get Spackle or drywall compound. Oh, my friend used corking glue. I think she was crazy, because she did a mosiac on a portion of her wall, I had a well deserved laugh while she was removing it (one of those falling on the ground, holding the stomach, eyes watering kinds).

Read More from: Kieselstein Law Firm

4 days 8 hours ago
According to a recent speech by PCAOB board member Jay Hanson, the PCAOB is evaluating the comments they have received on their proposal to add a discussion of “critical audit matters” to an auditor’s report, which we discussed in this September 2013 client newsflash.
4 days 9 hours ago
In the Karmaloop, Inc. bankruptcy proceeding, a formation meeting has been scheduled for Wednesday, April 1, 2015 at 10:30 a.m. (ET) at the DoubleTree Hotel, 700 King St., Salon C, Wilmington, DE 19801.  Click Here for a copy of the Notice of Formation Meeting for Official Committee of Unsecured Creditors issued by the Office of the United States Trustee.  If you want to be considered for Committee membership, you MUST complete a questionnaire and return it to the U.S. Trustee no later than March 30, 2015 at 5:00 p.m. (ET). In addition, the U.S. Trustee has requested that a Section 341 Meeting of Creditors be scheduled for Thursday, April 16, 2015 at 10:30 a.m. (ET) at the J. Caleb Boggs Federal Court House, 844 N. King Street, 2nd Fl., Room 2112, Wilmington, DE 19801. One way in which creditors can assert their interests is to attend the Formation Meeting and become a part of the creditors’ committee.  The creditors’ committee is one of the most active participants in a corporate bankruptcy, and has access to a significant amount of information not available to normal creditors.  There are, naturally, trade-offs to gaining access to this information (including limitations on a company’s ability to trade in securities of the debtor), but you will be far better informed of what occurs in the bankruptcy proceeding.
4 days 20 hours ago
Christopher Celentino has become a managing partner at the San Diego office of Ballard Spahr. Mr. Celentino, a bankruptcy and transactional finance partner at the law firm, has experience in chapter 7, chapter 11 and chapter 13 bankruptcies. He also has worked on areas including creditors’ rights, workouts and fiduciary services litigation and has represented lenders and other parties. Andrew C. Curtis has joined private equity firm Z Capital as a managing director and member of the investment group. Mr. Curtis, who most recently worked with Mercer Parker LP, has experience in leveraged credit and investments. He also has advised corporations and creditors in chapter 11 cases as well as out-of-court restructurings.

Read More from: WSJ.com: Bankruptcy Beat

5 days 1 hour ago
Christopher Celentino has become a managing partner at the San Diego office of Ballard Spahr. Mr. Celentino, a bankruptcy and transactional finance partner at the law firm, has experience in chapter 7, chapter 11 and chapter 13 bankruptcies. He also has worked on areas including creditors’ rights, workouts and fiduciary services litigation and has represented lenders and other parties. Andrew C. Curtis has joined private equity firm Z Capital as a managing director and member of the investment group. Mr. Curtis, who most recently worked with Mercer Parker LP, has experience in leveraged credit and investments. He also has advised corporations and creditors in chapter 11 cases as well as out-of-court restructurings.

Read More from: WSJ.com: Bankruptcy Beat

5 days 1 hour ago
If you didn’t qualify for a Wisconsin bankruptcy in the past, that may change in the near future. On April 1, 2015, the Means Test limits to qualify for a Wisconsin bankruptcy will rise. For those of you unfamiliar with the Means Test, it is the test that determines whether you are able to file a Wisconsin Chapter 7 Bankruptcy and also whether you can shorten the length of your Wisconsin Chapter 13 Plan from 5 years to 3 years. Means Test limits are based on data from the Internal Revenue Service which determines the mean average of income for Wisconsin. For a household of 1, the Means Test income limit has increased to $43,666. For a couple, the Means Test income limit has increased to $59,740. For a family of three, the Means Test income limit has increased to $69,600. For a family of four, the Means Test income limit has increased to $83,686. Many more individuals and families may now qualify for a Wisconsin Chapter 7 Bankruptcy under the new Means Test income limits. If you did not qualify for a Wisconsin Chapter 7 Bankruptcy in the past, you may wish to contact your Wisconsin bankruptcy attorney to see if you now qualify as of April 1, 2015.

Read More from: Wynn at Law, LLC

5 days 1 hour ago
In this April 6, 2012 file photo, Chris Kyle, a former Navy SEAL and author of the book “American Sniper,” poses in Midlothian, Texas.
Paul Moseley/The Fort Worth Star-Telegram/Associated Press
American Sniper Chris Kyle’s widow got court approval of a settlement with a group of Texas investors, enabling Mr. Kyle’s family to claim the rights to a skull-shaped logo used by her husband’s business and to remain in their Midlothian home. The settlement, signed late last week by Judge Barbara Houser of the U.S. Bankruptcy Court in Dallas, signals the end of a battle among Taya Kyle, hedge fund manager Kyle Bass and executives at Chris Kyle’s business after he was fatally shot on a gun range in early 2013 by a fellow Iraq War veteran. Under the deal, the SWAT team-training business called Craft International LLC will hand over the rights to its skull logo, which is imprinted on T-shirts, patches and coffee mugs and surrounded by these words: “Despite what your momma told you, violence does solve problems.”

Read More from: WSJ.com: Bankruptcy Beat

5 days 2 hours ago
In this April 6, 2012 file photo, Chris Kyle, a former Navy SEAL and author of the book “American Sniper,” poses in Midlothian, Texas.
Paul Moseley/The Fort Worth Star-Telegram/Associated Press
American Sniper Chris Kyle’s widow got court approval of a settlement with a group of Texas investors, enabling Mr. Kyle’s family to claim the rights to a skull-shaped logo used by her husband’s business and to remain in their Midlothian home. The settlement, signed late last week by Judge Barbara Houser of the U.S. Bankruptcy Court in Dallas, signals the end of a battle among Taya Kyle, hedge fund manager Kyle Bass and executives at Chris Kyle’s business after he was fatally shot on a gun range in early 2013 by a fellow Iraq War veteran. Under the deal, the SWAT team-training business called Craft International LLC will hand over the rights to its skull logo, which is imprinted on T-shirts, patches and coffee mugs and surrounded by these words: “Despite what your momma told you, violence does solve problems.”

Read More from: WSJ.com: Bankruptcy Beat

5 days 2 hours ago
A number of companies across the U.S. are harnessing technology to solve Americans' cash flow challenges. But there is much more to be done to bring these solutions to the millions of Americans who need them.

Read More from: BankThink

5 days 4 hours ago
By: Raymond P. Wendolowski, Esq. Under Pennsylvania Law, the homeowner’s […] The post The Problem of Recording vs. Filing Condominium Liens in Pennsylvania appeared first on Bernstein-Burkley, P.C..

Read More from: Bernstein-Burkley, P.C.

5 days 4 hours ago
The Automatic Stay When a person files a chapter 7 or chapter 13 bankruptcy case, there is the immediate creation of the automatic stay. The automatic stay is the protection provided to the debtor which prohibits creditors from taking specific collection actions or other efforts to collect on a debt. Sometimes the notice of the+ Read More The post Respect The Automatic Stay In Bankruptcy Or Else appeared first on David M. Siegel.
5 days 5 hours ago
As Ursula the Sea Witch once said “Life’s full of tough choices, isn’t it?”  The Sixth Circuit was recently faced with its own “tough choice” on choice of law in Sutherland v. DCC Litigation Facility, Inc., No. 13-1497 (6th Cir. Feb. 20, 2015).  In Sutherland, the Sixth Circuit was asked to determine which state’s statute of limitations rules should apply to a lawsuit filed in North Carolina by a Virginia resident, which was subsequently transferred to Michigan.  The Sixth Circuit analyzed the venue transfer rules and ultimately determined that the statute of limitations rules of the state where the lawsuit was originally filed should be applied.  Background:
5 days 6 hours ago
Time is running out on your 2011 tax return. Whaaaat?, you say.  You’re working on 2014 between now and April 15th. But if you’re one of those people who overlooked a tax deduction or, better yet, a tax credit like EITC, you’re running out of time to amend your 2011 return and capture some of that money. An amended return must be filed within three years of the date you filed the original return or within two years of when you paid the tax. Fix your tax glitches Tax law allows you to amend returns when you’ve discovered an error, that’s not math related. (If it’s just math, the IRS will fix it without an amendment.) I’ve written lots  about overlooked tax deductions and credits. Remember that you can not only do better with this year’s return, you have the right to go back to the last three tax years to claim money you left on the table in prior years.  But the IRS may correct your math blunders, but it won’t claim overlooked deductions or credits for you. Overlooked tax savings
5 days 6 hours ago
Apple Pay, Samsung Pay and Google Wallet are among the mobile payment services vying for dominance. Here's what every banker needs to know to get a game plan in place.

Read More from: BankThink

5 days 6 hours ago
Apple Pay, Samsung Pay and Google Wallet are among the mobile payment services vying for dominance. Here's what every banker needs to know to get a game plan in place.

Read More from: BankThink

5 days 6 hours ago

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