Bankruptcy Blogs

Should I File Bankruptcy After Foreclosure?

11/01/11

Bankruptcy After Foreclosure The primary reason that a consumer would file bankruptcy after going through foreclosure is to protect against a deficiency judgment. With foreclosure rates at an all time high, many homeowners have heard that losing a home in foreclosure is not necessarily the end of the road and unfortunately, they’re right. Deficiency Judgments [...]

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Charlie Brown, the Great Pumpkin, and the Bankruptcy Court

11/01/11

There’s something about Halloween that makes children and adults alike feel good.  Maybe it’s the costumes, perhaps it’s the candy.  One thing’s for sure – there are few people who don’t smile when screaming, “Trick or treat!” Of course, there’s always the errant egging or toilet papering of the trees in front of the house. [...]

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European Insolvency Law Harmonisation and Theory

10/31/11

Preference law, rules on reorganisation or composition plans, claim validation rules and insolvency of groups of companies are included amongst the topics identified as apt for harmonisation in INSOL Europe's report to the European Parliament, Harmonisation of Insolvency Law at EU Level.

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European Insolvency Law Harmonisation and Theory

10/31/11

Preference law, rules on reorganisation or composition plans, claim validation rules and insolvency of groups of companies are included amongst the topics identified as apt for harmonisation in INSOL Europe's report to the European Parliament, Harmonisation of Insolvency Law at EU Level.

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Debit Fee or No, Megabanks Must Ditch Unprofitable Customers

10/31/11

In the effort to bolster the dwindling profitability of retail megabanking, it's back to the drawing board.

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MF Global’s Structure, Size Softens Bankruptcy’s Market Impact

10/31/11

By Christian Berthelsen and Jerry Dicolo

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Beacon Power bankrupt; had U.S. backing like Solyndra

10/31/11

"Beacon Power Corp filed for bankruptcy on Sunday, just a year after the energy storage company received a $43 million loan guarantee from a controversial Department of Energy program." Read more here.

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MF Global files for bankruptcy protection

10/31/11

"MF Global, a trader in commodities and derivatives brought down by bad bets on Europe, filed for bankruptcy protection on Monday, leaving behind more than $2 billion in debt to some of Wall Street's biggest players. The fate of MF...

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Changing Online Bank Account Can Be a Problem

10/31/11

Some banks recently started charging debit card use and other fees. (For more, see this post by Andy Miofsky, Illinois Bankruptcy Attorney, http://www.bankruptcylawnetwork.com/banks-want-higher-debit-card-fees/, and my earlier http://www.bankruptcylawnetwork.com/wells-fargo-bank-charging-monthly-de....) The New York Times recently reported how the practical problem of changing an online account from one bank to another contributes to how some banks now charging debit [...]

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Debtor's Name On Parent's Wells Fargo Bank Account Is Bankruptcy Disaster

10/31/11

Two things you don’t want if you are filing Chapter 7 bankruptcy. One is a bank account at Wells Fargo, and the other is your name on a joint account with a family member who is not involved in your bankruptcy. Wells Fargo accounts are a problem because, as I previously wrote on this blog, Wells Fargo will freeze all bank accounts with your name on it even if the account has only exempt assets, such as social security, annuity proceeds, or head of household exempt wages.

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