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CommericalBankruptcyAlternatives.com posted a new article analyzing the ABI’s @Ch11Commission report on Chapter 11 Reforms. Read the in depth article here!
4 years 5 months ago
CommericalBankruptcyLitigation.com posted a new article analyzing current developments in Illinois’ efforts to reform its public pension obligations. Read about how a State court struck down the Illinois Legislature’s efforts here
4 years 5 months ago
Financial institutions need to have good digital offerings, but they also need to find ways to stand out from the crowd. That's why branches will remain a crucial home base.

Read More from: BankThink

4 years 5 months ago
In today's Short View Column, Dan McCrum examines falling oil prices and the futures market, and then concludes: But the point of this story is not that some think they know what will happen next. Rather, it is that the price of one of the most widely used and heavily traded commodities has been able to halve in a matter of months. The oil price is not some arcane derivative tied to dodgy mortgages, or a stake in an internet start up. It is the price of an industrial input paid by thousands of large and well-informed buyers. Low oil prices are not an unimaginable abstraction, merely something not seen for a while. So, a question presents itself: if financial markets can be so wrong about the price of oil, what else are they missing?  

Read More from: Credit Slips

4 years 5 months ago
In a Breaking News Alert  at CommercialBankruptcyInvestor.com, Chapter11Dockets.com notes that Newland International Properties Corp. – Developer of Panama’s Trump Ocean Club Int’l Hotel & Tower missed a principal payment to bond holders.  Missing a principal payment is never a good idea, especially if it is a developer int he context of an ongoing construction project! Learn more about this topic here!
4 years 5 months ago
In a Breaking News Alert  at CommercialBankruptcyInvestor.com, Chapter11Dockets.com notes that registered investment advisor NSB Advisors LLC filed a petition for relief under chapter 11 in the Southern District of New York. Learn more about the case here!
4 years 5 months ago
In a Radio Shack Bankruptcy Watch at CommercialBankruptcyInvestor.com, the Editorial Staff discusses a recent article by @matt_levine @BV concerning credit derivatives or credit default swaps in the context of Radio Shack’s financial difficulties. Read more about it here
4 years 5 months ago
Teen fashion retailer Deb Shops on Wednesday won court approval to launch going-out-of-business sales that will culminate with the closing of nearly 300 stores. 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 our homepage, scroll to the bottom and click “try for free.”) According to Bloomberg, some of Casears Entertainment Corp.’s senior bondholders are trying to make it tough for the casino owner to get enough votes on a bankruptcy plan. Shale oil producer WBH Energy filed for bankruptcy, Reuters reports.

Read More from: WSJ.com: Bankruptcy Beat

4 years 5 months ago
Teen fashion retailer Deb Shops on Wednesday won court approval to launch going-out-of-business sales that will culminate with the closing of nearly 300 stores. 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 our homepage, scroll to the bottom and click “try for free.”) According to Bloomberg, some of Casears Entertainment Corp.’s senior bondholders are trying to make it tough for the casino owner to get enough votes on a bankruptcy plan. Shale oil producer WBH Energy filed for bankruptcy, Reuters reports.

Read More from: WSJ.com: Bankruptcy Beat

4 years 5 months ago
Teen fashion retailer Deb Shops on Wednesday won court approval to launch going-out-of-business sales that will culminate with the closing of nearly 300 stores. 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 our homepage, scroll to the bottom and click “try for free.”) According to Bloomberg, some of Casears Entertainment Corp.’s senior bondholders are trying to make it tough for the casino owner to get enough votes on a bankruptcy plan. Shale oil producer WBH Energy filed for bankruptcy, Reuters reports.

Read More from: WSJ.com: Bankruptcy Beat

4 years 5 months ago
Mortgage denials in 2013 were comparable to those recorded a decade ago, analyses of HMDA data show, challenging perceptions about how easy lending really was during the era of "pulse" loans and "fog-a-mirror finance."

Read More from: BankThink

4 years 5 months ago
Receiving Wide Coverage ... Quitting Time: Standard Chartered is getting out of the institutional equities business, and analysts seem to agree the U.K.-based bank is making the right call. Its equity sales and research units was "unprofitable," according to the papers, and shutting them down will save the bank $100 million. Investors have been calling on Standard Chartered to restructure in order to boost earnings; the Financial Times' Lex team suggests that paring down the bank's...

Read More from: BankThink

4 years 5 months ago
If you are thinking of filing bankruptcy without an attorney, please be aware of the following: the bankruptcy clerk and the bankruptcy judges are going to hold you to the same standard as that of an attorney. This means that you must comply with all of the filing regulations as well as courtroom standing orders+ Read More The post Filing Bankruptcy Without An Attorney appeared first on David M. Siegel.
4 years 5 months ago
GNC employee Shianne Penoli walks past the future location of Wet Seal Tuesday, July 2, 2013, at the Mt. Shasta Mall in Redding, Calif. (AP Photo/Record Searchlight, Greg Barnette)
Associated Press
It’s been another bad week for women’s apparel retailers…and it’s only Wednesday. As snow began to dust Manhattan Tuesday morning, C. Wonder gathered employees at its headquarters in the Flatiron District and promptly told them that the stores, founded by Tory Burch’s ex-husband Chris, were shutting down, the employees told BuzzFeed. By afternoon, C. Wonder spokeswoman Daniela Maron was confirming the information, issuing a statement on behalf of the company and blaming its demise on “the highly competitive nature of the current retail environment.”

Read More from: WSJ.com: Bankruptcy Beat

4 years 5 months ago
GNC employee Shianne Penoli walks past the future location of Wet Seal Tuesday, July 2, 2013, at the Mt. Shasta Mall in Redding, Calif. (AP Photo/Record Searchlight, Greg Barnette)
Associated Press
It’s been another bad week for women’s apparel retailers…and it’s only Wednesday. As snow began to dust Manhattan Tuesday morning, C. Wonder gathered employees at its headquarters in the Flatiron District and promptly told them that the stores, founded by Tory Burch’s ex-husband Chris, were shutting down, the employees told BuzzFeed. By afternoon, C. Wonder spokeswoman Daniela Maron was confirming the information, issuing a statement on behalf of the company and blaming its demise on “the highly competitive nature of the current retail environment.”

Read More from: WSJ.com: Bankruptcy Beat

4 years 5 months ago
GNC employee Shianne Penoli walks past the future location of Wet Seal Tuesday, July 2, 2013, at the Mt. Shasta Mall in Redding, Calif. (AP Photo/Record Searchlight, Greg Barnette)
Associated Press
It’s been another bad week for women’s apparel retailers…and it’s only Wednesday. As snow began to dust Manhattan Tuesday morning, C. Wonder gathered employees at its headquarters in the Flatiron District and promptly told them that the stores, founded by Tory Burch’s ex-husband Chris, were shutting down, the employees told BuzzFeed. By afternoon, C. Wonder spokeswoman Daniela Maron was confirming the information, issuing a statement on behalf of the company and blaming its demise on “the highly competitive nature of the current retail environment.”

Read More from: WSJ.com: Bankruptcy Beat

4 years 5 months ago
4 New Years Resolutions To Get Out Of Debt It’s a new year and so many of us in Mesa, Arizona and around the country have made resolutions for 2014. Lose weight. Get healthier. Exercise more. Quit smoking. Be a better father/mother/child and so forth. All of these are excellent resolutions and really something worth attaining. The trick of course is how to attain those this year and not just setting empty goals that don’t get met and “oh well, it’s another year, better luck next time.” For millions of Americans, whether you live in Mesa, Arizona or Portland, Maine, another, very important goal is to get out of debt. This is a resolution that carries a lot of impact. Debt is crushing and can create extreme stress that individuals and families who live with debt know all too well.

Read More from: My AZ Lawyers

4 years 5 months ago

4 New Years Resolutions To Get Out Of Debt

4 New Years Resolutions To Help Get Out Of Mesa, AZ Debt BankruptcyIt’s a new year and so many of us in Mesa, Arizona and around the country have made resolutions for 2014. Lose weight. Get healthier. Exercise more. Quit smoking. Be a better father/mother/child and so forth. All of these are excellent resolutions and really something worth attaining. The trick of course is how to attain those this year and not just setting empty goals that don’t get met and “oh well, it’s another year, better luck next time.”

For millions of Americans, whether you live in Mesa, Arizona or Portland, Maine, another, very important goal is to get out of debt. This is a resolution that carries a lot of impact. Debt is crushing and can create extreme stress that individuals and families who live with debt know all too well.

Read More from: My AZ Lawyers

4 years 5 months ago
Tax Debt? 2 IRS Rules You Need To Know A Little Known Fact… The IRS can’t chase you forever to collect a Tax Debt. It only has 10 years to collect and if it can’t, the “Clock” runs out, the debt is gone…erased forever. The Law that forbids collection after the 10 year period is commonly called the “Statute of Limitations on Collection”. You can find it here… IRC Section 6502 (a) (1). This 10 year limit on collection is one of the most effective tools we use in helping people reduce or eliminate IRS Debt, but as you may have already guessed, 10 years isn’t always “10 years”, at least not in the IRS’ world. There are two rules that determine when 10 years really means 10 years… Rule #1 – The Assessment Rule The 10 year period doesn’t begin until the tax is “assessed”. Assessment is just the IRS’ formal determination that the debt is owed by you and the placement of the amount owed in its system. The following example will show you why this is so important. Henry is a self-employed Plumber. He went through a hard patch in 2002 and didn’t pay any tax or file the 2002 return which was required to be filed in April of 2003. In March of 2005, things were better and he filed the 2002 return. The IRS received and assessed the tax debt from 2002 in April 2005.

Read More from: My AZ Lawyers

4 years 5 months ago
The financial crisis scarred many Americans. Now that they have given themselves permission to spend again, they will do so responsibly.

Read More from: BankThink

4 years 5 months ago

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