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The Louisiana company will enter two new markets after it buys the locations.

Read More from: BankThink

3 days 12 hours ago

Proponents of a plan to get the Postal Service more involved in banking say it would restore profitability. Actually it would lose more money.

Read More from: BankThink

3 days 12 hours ago

Community First will pay $40 million in cash for the parent of Affinity Bank.

Read More from: BankThink

3 days 12 hours ago

Judge Furman has dismissed the federal RICO charges, and the case may be headed to state court. Our chances of actually finding out if McKinsey flouted rule 2014 (and § 327) are looking increasingly dim:

Read More from: Credit Slips

3 days 13 hours ago

The power couple wants to help turn Acorns Grow from a niche app into a megabank; with many floating-rate loans, regionals’ profits drop as yields slip.

Read More from: BankThink

3 days 13 hours ago

Following an article by American Banker and ProPublica that detailed how political appointees weakened the penalties paid by two large banks, the Massachusetts senator is demanding more information from the Justice Department.

Read More from: BankThink

3 days 13 hours ago

If you’re planning on buying a home, you want to make sure you’re doing it for the right reasons. Depending on your lifestyle, determining whether or not you should buy a house could be a tough decision. 3 Things To Consider Before Buying A Home There are numerous things to consider before diving head-first into......
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The post When Is The Right Time to Buy a Home? appeared first on Law Office of Joel R. Spivack.

3 days 14 hours ago

Regulatory efforts to protect consumers from harassment and robocalling are forcing big changes. Attorney Quyen Truong at Stroock & Stroock explains.

Read More from: BankThink

3 days 15 hours ago

I do blog on this topic, but, not too much. Methinks. The creditor lobby tells Congress bankruptcy is too easy, greedy lawyers push people into it, yada, yada, yada. The truth is, bankruptcy filings are related to the total outstanding amount of consumer debt. Whenever...

The post Bankruptcy News Briefs appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.

Read More from: Stop Creditor

3 days 16 hours ago

Competition for deposits is tight, the outlook for loan demand is uncertain, and regulatory relief is slow-moving. Yet community bankers are feeling better about the economy than they have in two years, a Promontory Interfinancial Network survey found.

Read More from: BankThink

3 days 23 hours ago

Lenders insist they will be able to ramp up commercial loans and mortgage refinancings without skimping on underwriting.

Read More from: BankThink

4 days 41 min ago

The United States Court of Appeals for the Seventh Circuit held that payments made by a debtor’s customers to its lender converting a pre-petition loan to a post-petition loan constituted disbursements for the purposes of calculating the statutory fees payable pursuant to 28 U.S.C. 1930(a)(6). In re Cranberry Growers Coop., 2019 U.S. App. LEXIS 21121 (7th Cir. July 17, 2019). This decision, coupled with the increase in the quarterly fees for the U.S. Trustee Program, is likely to increase the cost of certain DIP loans, and lenders may wish to utilize alternative structures when lending to debtors in bankruptcy.

4 days 3 hours ago

The bankruptcy process in the United States is regulated by federal bankruptcy code. This means the process is the same, legally speaking, in all 50 states, Washington D.C., Puerto Rico and all other commonwealths and territories.  Local states can make additional protections and unique property exemptions.

Various states also may have different statutes of limitation for old debt and rules for repossession. but a bankruptcy filing and its automatic protections use the same system and documents from Maine to Florida. State law will also determine how long you must be a resident before you can file.

The Most Common Bankruptcies in America

From 31 March 2018 to 31 March 2019, 772,646 bankruptcies were filed under all applicable chapters of the bankruptcy code.

4 days 4 hours ago

Bank of America has joined the likes of Walmart and Mastercard in seeking patents for blockchain technology that could be used for a digital currency or mobile wallet.

Read More from: BankThink

4 days 4 hours ago

Capital One agreed to buy KippsDeSanto, a Northern Virginia company that specializes in advice to the defense and government contracting sectors.

Read More from: BankThink

4 days 5 hours ago

Banks stand to enjoy new flexibility in complying with Dodd-Frank’s proprietary trading ban, but it remains to be seen if regulators will grant them all the relief they have sought.

Read More from: BankThink

4 days 7 hours ago

A range of startups are experimenting with more ethical retirement savings products than traditional reverse mortgages and annuities, says venture capitalist Ben Cukier. However, according to Cukier, they're too focused millennials and ignoring a group with more urgent needs and greater wealth — baby boomers.

Read More from: BankThink

4 days 7 hours ago

Natural Product Association has filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 19-11849).  The Debtor reports an estimated 1-49 creditors, and $100,000,001-$10M in both assets and liabilities.  The case has not been assigned to a judge.

Cole Schotz does not represent the Debtor in this case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtor counsel.

4 days 7 hours ago

Natural Product Association has filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware (Case No. 19-11849).  The Debtor reports an estimated 1-49 creditors, and $100,000,001-$10M in both assets and liabilities.  The case has not been assigned to a judge.

Cole Schotz does not represent the Debtor in this case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtor counsel.

4 days 7 hours ago

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