You're not helpless in the face of rising mortgage rates. Here are some of your options.
Bankrate.com
(posted 0 sec ago)
Investors can find higher CD rates at banks with low Safe & Sound Ratings, but should they invest?
Bankrate.com
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This week on The Broke and the Beautiful, Central Falls, R.I., native Viola Davis gets an Oscar nom, and a photographer’s estate is looking to approve a deal with Marilyn Monroe’s. Also this week, the owners of the New York Mets want a judge to toss out Bernard Madoff trustee Irving Picard’s lawsuit against them.

WSJ.com: Bankruptcy Beat
(posted 55 min 52 sec ago)
Are Consumer Bankruptcy Attorneys Biased? In my experience, absolutely not. In fact, consumer bankruptcy attorneys are among the most dedicated the legal profession has to offer, performing what is sometimes a thankless job for people who are under tremendous stress both financially and emotionally. However, like any large group, there are areas that the consumer [...]
National Bankruptcy Forum
(posted 1 hour 23 min ago)
Join Turnaround Management Association NY NextGen for a networking event featuring an address by Andrea R. Nierenberg on Networking Tips New York, New York Wednesday, February 1, 2012 6:30 PM – 9:30 PM EST Connolly’s Pub & Restaurant 121 West 45th Street (between 6th Avenue & Broadway) The event will also feature a Lunch with a Titan Raffle [...]
(posted 1 hour 31 min ago)
People working for the U.S. government in sensitive positions are frequently concerned that filing bankruptcy will jeopardize their government security clearance. I have not heard from any of my own bankruptcy clients that their bankruptcy caused them to lose their...
(posted 3 hours 53 min ago)
PRESS RELEASE For Immediate Release Contact Stephanie Tolley Start Fresh Today (954) 377-9368 phone stolley@startfreshtoday.com Start Fresh Today® and LegalPRO Systems, Inc. form Strategic Partnership to Deliver Credit Counseling and Debtor Education Courses Integration Provides Expanded, Single-Source Access to...
The Bankruptcy Lawyers Blog
(posted 4 hours 55 min ago)

Hostess Brands Inc. is seeking court permission to reject the 296 collective-bargaining agreements that cover the majority of its 19,000 employees, saying it simply can’t survive in the marketplace without significant changes to its labor obligations. Read the Daily Bankruptcy Review article via The Wall Street Journal.

Ener1 Inc., a maker of rechargeable car batteries that was using a $118.5 million Energy Department grant to build a factory in Indiana, filed for Chapter 11 bankruptcy protection Thursday. Read the article via WSJ.

(The Daily Bankruptcy Review and DBR Small Cap are daily newsletters with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial to DBR, click here. For DBR SC, click here.)

A pair of former IndyMac executives being sued by the Federal Deposit Insurance Corp. is accusing the bank regulator of a “stunning display of incompetence” for failing to preserve some evidence when it took over receivership of the failed bank, DBR reports.

WSJ.com: Bankruptcy Beat
(posted 5 hours 47 min ago)
As a result of past low financing costs, over-leveraging of businesses, excessive securitization activity and relaxed lending standards, as well as the current scarcity of new financing, the level of bad debts in Hungary has been growing.  These developments have forced the government, lenders and other creditors to address the problem. From a policy perspective, [...]
(posted 5 hours 49 min ago)

The Oregon district court provided a ray of hope for companies fearing the possibility of shareholder say on pay litigation when it handed down its January 11, 2012 decision granting Umpqua’s motion to dismiss a shareholder derivative suit alleging directors’ breach of duty and officers’ unjust enrichment after an increase in executive compensation.  In the decision, Magistrate Judge Acosta rejected the shareholders’ arguments that demand was futile because the directors were not independent or disinterested.

In Umpqua, plaintiff-shareholders argued that, where directors were likely to be subject to liability for the challenged actions, they could not be disinterested.  The court rejected that reasoning in this context, saying that an adverse say on pay vote coupled with the award of increased compensation did not reach the necessary threshold of substantial likelihood of liability necessary to show that demand would be futile under Delaware law.  (See our October 17, 2011 blog post on the success of companies in dismissing shareholder say on pay suits under Delaware and New York law).  That reasoning had been successful in defeating dismissal under Ohio law in Cincinnati Bell, a case filed by the

(posted 5 hours 56 min ago)