Bankruptcy Blogs

Massachusetts Homesteads Cannot Be Attached

05/27/13

It’s obvious, in hindsight.  If home equity is protected by a Massachusetts homestead, then a creditor should not be able to put a pre-judgment attachment lien on that home equity.

(A Massachusetts homestead automatically protect $125,000 of home equity from creditor  liens. It protects $500,000 of home equity if there is a recorded declaration.  It gets complicated with multiple owners.)

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Regulating Bank Governance: Mandating CEO-Chairman Division at Too-Big-to-Fail Banks

05/27/13

For a while, the battle over whether to split the JPMorgan Chase CEO and Chairman positions looked like the corporate governance battle of the year, but seems to have ended with a whimper, rather than a bang.  The media coverage of the issue, however, largely overlooked the unique, bank-specific aspects of corporate governance.  Specifically, what's at stake in the corporate governance of a too-big-to-fail bank like JPMorgan Chase is not just the share price, but also the public fisc.

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How Your Bank Can Do Well by Doing Good

05/27/13

As long as your corporate social responsibility program is a true effort to give back, it can pay huge dividends for everyone involved.

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Using Bankruptcy To Get College Transcripts

05/25/13

GraduationBankruptcy can help in a lot of ways.  One less well-known benefit is to free up a copy of a college transcript to use for employment or future school applications, when you can’t afford to pay the college back right now.

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Fat-Melting Laser Distributor Files for Bankruptcy

05/24/13

The Texas company that once held the license to sell the Zerona fat-melting laser machines, which offers incision-free liposuction in the offices of cosmetic surgeons, has filed for bankruptcy protection to try to keep its grip on its recently terminated licensing agreement with the laser’s manufacturer.

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The Broke and the Beautiful: Sinbad Edition

05/24/13

This week on The Broke and the Beautiful, Sinbad is in bankruptcy, and Joe Francis is mad at the jury that convicted him of assault. Also, the IRS wants to resolve Dionne Warwick’s unpaid taxes.

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Google's Banking Potential; GSE Debate Redux; Columnist Potpourri

05/24/13

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

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IRS Targets Dionne Warwick’s Tax Debt

05/24/13
Joel Ryan/Associated Press
Dionne Warwick in November 2012

The Internal Revenue Service is wishin’ and hopin’ it can resolve Dionne Warwick’s unpaid taxes.

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