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Bankruptcy BudgetIf you don’t want to file bankruptcy, the first thing to do is keep track of your income and spending. Of course, most of us do not. And most of us live paycheck to paycheck, saving zip. If you answered ‘yes’ to any of these...

The post Budget for Bankruptcy appeared first on Detroit Bankruptcy Lawyer Kurt O'Keefe.

Read More from: Stop Creditor

1 week 10 hours ago

Upcoming Committee Formation Meeting: Thursday, October 18, 2018 10:00 AM

Case Name: 18-12221 (KJC)

Location: Office of the US Trustee 844 King Street, Room 3209, Wilmington, DE 19801

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here. See the petition for relief.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.

1 week 10 hours ago

Upcoming Committee Formation Meeting: Thursday, October 18, 2018 10:00 AM

Case Name: 18-12221 (KJC)

Location: Office of the US Trustee 844 King Street, Room 3209, Wilmington, DE 19801

Notice of Formation Meeting for Official Committee of Unsecured Creditors can be found here. See the petition for relief.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.

1 week 10 hours ago

At long last, the World Bank Group's insolvency and debt resolution team has finally released to the public its report on the treatment of the insolvency of micro-, small-, and medium-sized enterprises, Saving Entrepreneurs, Saving Enterprises : Proposals on the Treatment of MSME Insolvency. The team worked for over a year on this report, concluding with a meeting of its Insolvency & Creditor/Debtor Regimes Task Force in May in Washington, D.C., where the report and its proposals were vetted. There was a surprising degree of consensus on the proposals developed here, and the final version reflects a fairly widely shared viewpoint on three key points.

Read More from: Credit Slips

1 week 13 hours ago

The crisis in affordable housing has its roots in the high cost of building entry-level single-family homes. But why does it cost so much to build a house? And what did previous generations do to build affordable housing?

Read More from: BankThink

1 week 14 hours ago

Several other recent hires may have been an attempt to refute charges it can’t attract top talent; rising rates have helped banks, but a reckoning awaits.

Read More from: BankThink

1 week 14 hours ago

Fannie Mae has appointed Hugh Frater, a member of its board of directors, to serve as its interim chief executive officer after Timothy Mayopoulos steps down next week, the company said in a statement on Monday.

Read More from: BankThink

1 week 14 hours ago

Can you prove it?Summary

The High Court has issued a judgment dismissing the entirety of the Claimants’ claim in a long-running dispute commenced by a pair of property developers against a Judicial Factor to the estate of a Scottish businessman (the “Deceased”). Squire Patton Boggs represented the successful Defendant, who was awarded the majority of his costs on the indemnity basis.

Read More from: eSQUIRE Global Crossings

1 week 15 hours ago

By: Donald L. Swanson

The U.S. Sixth Circuit “moved to random selection” of cases for mediation because “cases that appeared to be amenable to mediation were not actually more likely to settle than any other case.”

Sixth Circuit Appellate Blog, April 6, 2012.

Read More from: Mediatbankry

1 week 16 hours ago

Finding yourself struggling with your finances is a situation no person ever thinks they will be in. It is also one of those situations you might be embarrassed to talk about, making it something you choose to keep quiet from those that might be willing to help you. But here you are, struggling day-to-day with......
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The post How to Choose a Bankruptcy Attorney appeared first on The Law Office of Joel R. Spivack.

1 week 17 hours ago

Attorney Mary PoolIn my line of work, I see people frequently who are under an extreme amount of financial stress.  These people handle the stress in one of two ways, there are those who could care less if collectors are calling but just want to get their finances under control and then there are others who are scared and stressed that they have collectors calling because they don’t have the income to pay the debts.  It is how one views the stress that determines whether that stress will have an impact on their health.

Stress and the Impact on Your Health

Last week, I had the pleasure of hearing Kelly McGonigal speak regarding stress and how it impacts your health.  Ms. McGonigal is a health psychologist and lecturer at Stanford University.  In her speech last week, she focused on how stress impacts a person’s health and well-being.  One thing that I learned from her is that extreme periods of stress is not bad for all.  In fact, some people tend to live longer and healthier if they tend to thrive on stress.  On the other hand, others who do not view stress positively and think that it is causing them harm to their health tend to have health problems from the stress.

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

1 week 1 day ago

tax returnsWe talk a lot about taxes here on the Soapbox.  That may seem a strange thing  for a bankruptcy law firm to highlight.

But it’s not strange when you realize that taxes are the cause of many of our clients’ financial problems.

October 15 is barreling down on us, the last day to file a timely tax return if you are on extension.

Here’s a sampler of how we see tax issues, along with tips to stay out of tax trouble.

Read More from: The Soap Box

1 week 1 day ago

Citing concerns of climate change’s impact on the financial sector, California passed SB 964 last week requiring the country’s two biggest pension funds to publicly disclose and analyze their climate-related investment risks. Under the new law, The California Public Employees’ Retirement System (CalPERS) and California State Teachers’ Retirement System (CalSTRS) must review and report “climate related financial risks” that are “material” to the stability of their public market portfolios. Such “climate-related financial risks” include “intense storms, rising sea levels, higher global temperatures, economic damages from carbon emissions, and other financial and transition risks due to public policies to address climate change, shifting consumer attitudes, changing economics of traditional carbon-intense industries.” SB 964’s obligations, which will take effect on January 1, 2020 and continue every three years until 2035, also require the funds to report on their alignment to the Paris climate agreement, California climate policy goals, and any long-term climate-related financial risks.
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1 week 1 day ago

I like my clients. I find bankruptcy work rewarding because I can offer positive change to the lives of honest, hardworking people who have an immediate financial problem.

However, I can be an absolute pain in the rear end to my Chapter 13 clients after we file and during the two to four month period of time prior to the plan confirmation hearing.

Why does this disconnect exist? Why would you want to hire a lawyer who will be demanding and abrupt? The answer is simple – if you want your Chapter 13 to work, you and I have a lot of work to do after we file but many Chapter 13 debtors do not realize this.

It is tempting to think that your problem has been solved the minute we file your Chapter 13 case. The immediate pressure of foreclosure, repossession, wage garnishment and lawsuits is gone and all adverse creditor action stops. The phone stops ringing and the collection letters dwindle.

Read More from: Bankruptcy Law Network

1 week 3 days ago

Wells Fargo is planning its first post-crisis offering of bonds tied to U.S. home loans without government backing, according to people familiar with the matter.

Read More from: BankThink

1 week 4 days ago

There’s an opportunity for global banks willing to break down the internal silos that stifle good ideas.

Read More from: BankThink

1 week 4 days ago

Speaking at an industry conference Thursday, two tech executives and a community banker said that community banks should be allowed to experiment with new products without worrying about running afoul of regulators.

Read More from: BankThink

1 week 4 days ago

Diane Schumaker-Krieg, the global head of research, economics and strategy at Wells Fargo and a mainstay on American Banker's list of the Most Powerful Women in Finance, plans to step down at the end of the year.

Read More from: BankThink

1 week 4 days ago

The heavy workload is not limited to implementing the financial regulatory reform bill enacted last spring, as the agencies also work to craft reforms of the Community Reinvestment Act and adjust key capital measures for the biggest banks.

Read More from: BankThink

1 week 4 days ago

Wells Fargo is doubling down on the gun industry, undaunted by criticism of its deep ties to firearm companies and the National Rifle Association.

Read More from: BankThink

1 week 4 days ago

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