Important Things To Know About Bankruptcy
by John Steed Insolvency is the state affirmed by the court of law that someone or an institute has been powerless to clear its liability ... until the debt was roofed The genesis of this situation came from Latin posturing a broken ... officer for assistance. The defaulter is supposed to obtain some fee from the debts. A good number [more...]
Date: 2009-01-15 06:51:07
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Bush Auto Bailout Illegal, Bailout Supporter Admits
Clinton Administration Labor Secretary Robert Reich, who supports bailing out the Detroit automakers (whose unionized workers are paid $70 an hour) ... its competitiveness than it would be for the Detroit automakers to file for bankruptcy under Chapter 11 ... expensive regulations (like CAFE rules), and preempting state dealer franchise laws that make it [more...]
Date: 2008-12-20 21:13:33
Auto Bailout Would Kill Jobs, Impoverish Taxpayers
A bailout would be worse for the auto industry than automakers filing for bankruptcy, explains banking and bankruptcy expert Todd Zywicki, ... of expensive union contracts (such as $70 per hour compensation) and red tape, a “Chapter 11 bankruptcy ... auto dealerships that should be terminated but aren’t because of state dealer franchise laws [more...]
Date: 2008-12-16 18:37:15
L?Affaire Madoff: One of the Last In Hopes to be First Out
Earlier today, we mentioned that investors who received redemptions from Madoff within 90 days of the firm’s collapse are particularly vulnerable to the dreaded clawback laws — meaning they could be required to cough up the dough ... filed yesterday in bankruptcy court in Manhattan, that Irving Picard, the trustee, has no right [more...]
Date: 2009-01-02 10:18:00
Bankruptcy - Is It the Answer?
Bankruptcy - Is It the Answer? October 11th, 2008 Subscribe To Our Feed If your finances are in a mess, you may have considered bankruptcy ... to pay back a portion of the debt that is owed to creditors. Your credit will be damaged ... laws. They were allowed to file more than once for Chapter 7 so many used it to beat credit card [more...]
Date: 2008-10-11 21:47:58
YOUR TOP TEN CONGRESSIONAL HITS, coming to your neighborhood shortly, is the plan (stolen from Tapped): * S ... mortgages by bankruptcy judges, new regulations for the credit card and financial industry ... interference") and perhaps another go at the Ledbetter law ("removing barriers to fair pay for all workers [more...]
Date: 2009-01-11 20:47:59
Follow the debt
From the Times of Trenton: Bankruptcy lawyers’ business booming With real estate activity in a deep freeze, ... the debt. McCarter & English, the state’s largest law firm, will announce today it’s ramping ... with expertise in restructuring and debt management,” McCarter & English chairman Drew Barry said. Lawyers [more...]
Date: 2008-10-30 11:34:51
ABA Tax Section Awards
The ABA Tax Section yesterday announced the winners of its two inaugural Public Service Tax Fellowships (blogged here): Laura Newland (J.D ... and benefits, as well as law school debt assistance, by means of charitable contributions ... residents in the area of affordable housing (tax lien foreclosure), debt forgiveness, bankruptcy matters [more...]
Date: 2008-12-16 14:01:08
E-commerce defies Christmas downturn
E-commerce defies Christmas downturn Online shopping continued to defy the credit crunch in December, as UK shoppers spent over £4 ... for greater international coordination in anti-hacking laws at the first International Conference on Cyber Security. SCO seeks to auction off assets SCO has submitted a plan to bankruptcy court [more...]
Date: 2009-01-15 03:19:27
RealtyTrac Foreclosure Activity Report Released: Laws and Programs to Prevent Foreclosures Ineffective
Irvine, California-based online real estate company, RealtyTrac, ... on "cramdown" legislation affecting bankruptcy judges' powers regarding mortgage loan modifications ... percent in 2008 Bankruptcy Cramdown Mortgage Loan Modification? Key Banks Approve Possible Legislation [more...]
Date: 2009-01-15 22:24:28
Doing Them No Favors
Doing Them No Favors Jennifer Rubin - 12.30.2008 - 8: ... that have grown up around it, like franchise and CAFE laws, and it’s not capable of dealing effectively ... effectively with the UAW was when the companies were on the verge of bankruptcy. Then, the companies [more...]
Date: 2008-12-30 13:54:33
Mortgage Rights and Wrongs
Congress has said that they want judges to adjust mortgage debt. On the face of it, this makes sense. After all, when people declare bankruptcy they get their credit card, auto loan, and personal debts adjusted. What makes a mortgage any different? Well, one difference is the law. By law [more...]
Date: 2009-01-14 05:01:08
Money, Credit, and the Law – Know Your Rights
That’s the title of a valuable new video narrated by Professor Richard Alderman, director of the Center for Consumer Law at the University of Houston Law Center. The video, consisting of easily digestible short chapters, provides help managing personal finances, dealing with credit problems and debt collectors, responding when sued by a creditor, seeking credit counseling, or exploring the option of bankruptcy. The video can be viewed online or a DVD can be requested directly from Professor [more...]
Date: 2009-09-17 20:50:58
The Credit-Wise Consumer
Louise M. Carwell is a senior attorney with Maryland Legal Aid Bureau in Baltimore, where she has practiced consumer law for more than 20 years ... cards to entice them. Sure, using your store credit card might get you an extra 20 percent off ... , specializes in the areas of credit, foreclosure prevention, consumer protection, and bankruptcy [more...]
Date: 2008-11-05 21:06:03
Personal Bankruptcy and Tough Decisions
by Grace Holt Filing for personal bankruptcy in the United States has reached epidemic proportions. The economy is partly to blame ... is a moral decision for many You have been taught to pay what you owe. For many walking away form debt ... to function. Drowning in debt will never produce productive citizens. There is no law that says [more...]
Date: 2009-01-14 09:20:15
CITI Drops Opposition to Cramdown; May Help Homeowners to Avoid Foreclosure
Citigroup and key Senate members reached an agreement on Thursday that will bring the Helping Families Save Their Homes in Bankruptcy Act one step ... can be reduced by the court including credit card debt and, ironically, mortgage debt on vacation homes ... closer to passage. The proposed law, introduced by Senator Durbin (D-IL) in the Senate and Rep [more...]
Date: 2009-01-11 15:27:40
Personal Bankruptcy and Tough Decisions
by Grace Holt Deciding to file bankruptcy is not an easy decision for most people. Bankruptcies in Florida are no exception ... decision for many You have been taught to pay what you owe. For many walking away form debt becomes ... . Drowning in debt will never produce productive citizens. There is no law that says you cannot pay [more...]
Date: 2009-01-14 09:21:59
Finding a Bankruptcy Attorney in New Hampshire
People living with debt that they can’t handle have a few options to choose from. They can contact a debt or credit counsellor and try to work out a debt settlement plan ... and circumstances is crucial to help your case and help you understand the law and how it applies [more...]
Date: 2009-01-16 00:28:49
Credit Card law questionable
There’s no shortage of blame for the mortgage crisis that drove the economy into the ditch ... Act of 2005, households could erase their unsecured debts by filing for Chapter 7 liquidation ... the reform, overindebted households might file bankruptcy and get rid of their credit card debt [more...]
Date: 2009-01-13 10:09:00
2009 Content Industry Outlook, Part II
Bankruptcy In part I of this post, I laid out some of the reasons why 2009 will be a difficult year for most content companies ... compliance. Just as the Patriot Act brought a greater focus on anti-money laundering laws [more...]
Date: 2009-01-16 04:01:27
State looking into NH dog track bankruptcy
Associated Press - January 7, 2009 8:15 AM ET CONCORD, N.H. (AP) - The New Hampshire agency that oversees the state's race tracks wants to know if the Hinsdale Greyhound Park broke any laws... [more...]
Date: 2009-01-07 13:35:05
Bankruptcy Laws
Bankruptcy Laws Significant changes in consumer bankruptcy laws took effect on October 17, 2005, ... chapter 7. Individuals that decide to pre-file, still have to complete the credit counseling ... with passage of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. Before [more...]
Date: 2009-01-08 04:06:14
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