Bankruptcy Blogs

District Court Rules that Proceeds of a Texas Homestead Sold Post-Petition Lose Their Protection After Six Months in a Chapter 7 Case

03/17/17
Overruling a bankruptcy court decision, a District Judge in the Western District of Texas has ruled that proceeds from sale of a homestead can be recovered if not timely reinvested in a Chapter 7 case.   The Court ruled that the Frost decision applied equally in both a Chapter 13 and a Chapter 7 setting.   Lowe v. DeBerry, No. 5:15-cv-1135-RCL (W.D. Tex.
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A Bell Labs-inspired initiative for open-source blockchain projects

03/17/17

BloqLabs, created by the startup Bloq, wants to help developers get their projects in front of enterprise clients.

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Is big-bank plan to reduce AML costs workable?

03/17/17

Some in the industry are faulting The Clearing House Association's plan to make anti-money-laundering rules more efficient.

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M&A secret: Trim the fat before buying someone else

03/17/17

A vital first step for banks looking to grow through mergers and acquisitions is to shrink.

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Trump budget could worsen flood insurance woes

03/17/17

The Trump administration's decision to slash all funding for the flood mapping and loss mitigation efforts in flood prone communities is getting push back from supporters of better management policies.

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Independent Bank in Mass. taps new bank president

03/17/17

Gerald Nadeau has been the company's top commercial lending executive since 2007.

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Reg relief's biggest hurdle is getting the issue prioritized, bankers say

03/17/17

Attendees at this year's Independent Community Bankers of American convention are being urged to lobby hard to get regulatory relief moved closer to the top of Washington's to-do list.

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Fidelity Southern names new CEO for its bank

03/17/17

H. Palmer Proctor has been the Atlanta company's president since 2004.

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Alternative lenders undermine financial inclusion

03/17/17

Banks are losing wealthier underbanked customers to alternative lenders — an undercurrent that is halting progress in expanding credit access for all.

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Fed raises threshold for more rigorous review of bank mergers

03/17/17

The Fed said it will conduct extensive reviews only of deals that create banks with assets of $100 billion, replacing the prior mark of $25 billion. The disclosure was included in the Fed's approval of People's United's purchase of Suffolk Bancorp.

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