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Upcoming Committee Formation Meeting: Thursday, March 23, 2017, 10:00 a.m.

Case Name: 17-10570 (BLS)

Location: Delaware State Bar Association 405 King Street, 2nd Floor Wilmington, DE 19801-2529

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here.  See the petitions for relief under Chapter 11, First Day Declaration, and proposed claims agent for further information.

Contact Norman L. Pernick and Nicholas J. Brannick for more information.

1 week 3 days ago

Most of Wynn at Law, LLC’s bankruptcy clients face sudden situations that have them considering filing Chapter 7 or Chapter 13 bankruptcy. We’re talking about things like massive medical bills or sudden job loss. Finances can be a difficult balancing act at other times as well, so we put together a quick list of warning signs.

1. Wage garnishments

These are a dead giveaway that something got out of hand at some point and a bankruptcy filing may be in the cards. However, before a wage garnishment can take place, the creditor has to take you to court to get the order. So, here is the real heads up…

2. Summonses

If a creditor wants a piece of you and has been unsuccessful with collections on its own or with the help of a collection agency, they take you to circuit court. The court is in the county in which you reside. Walworth County Circuit Court, for example, is in Elkhorn. The court sends out a summons when a creditor files against you.

3. Missed or late payments

When you lose track of paying bills by the due date, it’s probably time to use a calendar. If you’re regularly late or paying at or below the minimum payment, that’s a warning sign. It’s also a money drain. Late fees are a nuisance. When you start paying interest on late fees added to your account balance, the situation can spiral out of control quickly.

Read More from: Wynn at Law, LLC

1 week 3 days ago

B. Grant McNuttAccording to a recent article by the Montgomery Advertiser, 45 Alabama legislators are pushing a bill that would give the power to the people of Alabama to vote on whether payday loan interest rates in Alabama should be capped at 36%

Interest Rates Out of Control

A bi-partisan group of legislators and payday reform advocacy groups gathered at the Alabama State House last Tuesday to introduce the bill that would allow Alabamians to vote on a constitutional amendment that would cap payday loan interest rates at 36%. Currently, the average rate for payday loans is 300%, with a maximum possible rate of 456%.  You read that right.  There is no missing decimal, 300% to 456%.  I guess on the bright side at least we don’t have Texas’s maximum rate of 662% or Ohio’s of 667%.

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

1 week 3 days ago

It takes folks a long time to realize that they are bankrupt and need to file Chapter 7 bankruptcy. It can take a long time to gather the required information to file a case. You have to do the stupid pre-bankruptcy credit counseling, too. How Long Does It Take From When It Starts? Now, that [...]

The post How Long Does a Chapter 7 Bankruptcy Take? appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.

Read More from: Stop Creditor

1 week 3 days ago

Numerous investor groups have submitted applications in recent months to open new banks. While far from a surge, the filings show that bankers are warming up to the idea of new charters. Here is a look at many of those efforts.

Read More from: BankThink

1 week 4 days ago

Bankers and housing advocates say many low-income housing projects simply won't get built if the White House and Congress move to eliminate two federal block grant programs.

Read More from: BankThink

1 week 4 days ago

The Financial Consumer Agency of Canada will review the business practices of the country's banks after reports of tellers allegedly pressuring customers to buy products to meet sales goals.

Read More from: BankThink

1 week 4 days ago

The auditing giant has faced heavy criticism for failing to uncover wrongdoing at Wells. But the San Francisco megabank said Wednesday that it wants to maintain a relationship that goes back decades.

Read More from: BankThink

1 week 4 days ago

Citigroup CEO Michael Corbat stuck up for his embattled retail unit in Mexico, downplaying concerns that protectionist White House policies may harm the subsidiary or the overall company's global strategy.

Read More from: BankThink

1 week 4 days ago

Euronet's offer seeks to spoil Ant Financial's January deal for money-transfer company; White House nominates six to top Treasury posts, including James Donovan as deputy secretary.

Read More from: BankThink

1 week 4 days ago

Firms need to evaluate risks ranging from hackers spreading false information about the bank to an executive’s inappropriate social media posts.

Read More from: BankThink

1 week 4 days ago

Capital Bank Financial in Charlotte, N.C., is working with advisers to explore a sale after receiving an unsolicited approach, people familiar with the matter said.

Read More from: BankThink

1 week 4 days ago

Societe Generale is working with Microsoft and Amazon.com to become one of the first large European banks to adopt cloud computing for the bulk of its operations.

Read More from: BankThink

1 week 4 days ago

A new study finds that, when it comes to truly celebrating women, Wall Street still has a long way to go.

Read More from: BankThink

1 week 4 days ago

It may seem counterintuitive, but the rise of digital banking makes human interactions in branches more important than ever.

Read More from: BankThink

1 week 4 days ago

Scott Heitkamp is encouraged by a more positive tone coming from President Trump. His goal in the next year is to make regulation easier for his fellow bankers.

Read More from: BankThink

1 week 4 days ago

President Trump made a series of nominations to top Treasury posts as the administration continues to staff up.

Read More from: BankThink

1 week 4 days ago

Industry critics argue the Invitation Homes deal will create new risks for Fannie Mae and remove affordable inventory from homebuyers.

Read More from: BankThink

1 week 4 days ago

Nationstar Mortgage agreed on Wednesday to pay $1.75 million to the Consumer Financial Protection Bureau for failing to accurately report home mortgage data that is used to identify discrimination.

Read More from: BankThink

1 week 4 days ago

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