Receiving Wide Coverage ... Deutsche Bank's Troubles: The news of the New York Fed's stern rebuke to Deutsche Bank over its questionable financial data has industry observers making bets on the fallout. Deutsche Bank's chief financial officer, Stefan Krause, is now in the hot seat, according to the Wall Street Journal. Krause launched an effort to whip the bank's financial data into shape in 2010, but progress has been slow. Krause is far from the bank'sÂ...

BankThink
(posted 6 days 1 hour ago)

The Census Bureau reports that in Pennsylvania, about 70% of residents are homeowners, while another 20% are renters.  Among these many renters, some will file for Chapter 13 or Chapter 7.  But could filing for bankruptcy cause you to be evicted?  What sort of rights do you have as a tenant?

a woman with unpaid bills has many debts. unemployment and perso
The Automatic Stay Can Delay Eviction, But Your Landlord Can Request a Lift on the Stay
The short answer to the question of whether or not you can be evicted because of bankruptcy is that it depends.  More specifically, it depends largely on whether you filed before or after your landlord obtained an eviction judgment.  (A judgment is a document which details the court’s final decision on a legal matter.)
This is due to something called the automatic stay, which places a freeze on any collection actions by creditors from the moment a debtor files for consumer bankruptcy.  The stay extends to landlords, meaning that if you are behind on rent but have already filed, your landlord will not be able to initiate the eviction process.

Young, Klein & Associates
(posted 6 days 1 hour ago)

Authored by Douglas L. Waldorf, Jr. of Rogers TowersThere have been several articles posted on this blog on the subject of standing – the legal right to enforce a promissory note and/or mortgage.  This continues to be a popular issue for defense counsel to raise and, as a result, relevant and current caselaw is abundant.
I have a couple of observations in this regard.  First, the majority of reported decisions involve appeals of entry of summary final judgment.  Florida attorneys understand that the standard for entry of summary judgment involves a finding that there are no disputed issues of material fact.  In many of the cases on standing, the plaintiff lender failed to establish this at the summary judgment hearing.  That does not mean that in all of these cases standing cannot be established.  It may ultimately be if the summary judgment preparation and hearing is done correctly with adequate evidence of standing presented.

Florida Banking Law Blog
(posted 6 days 1 hour ago)

The first important decision when filing bankruptcy is should I file? Most clients struggle with whether or not to file for bankruptcy. Even if the person has significant outstanding debt, there is still often a question as to whether or not filing bankruptcy is the right solution. People worry about their credit scores. People worry+ Read More
The post Three Important Decisions When Filing Bankruptcy appeared first on David M. Siegel.

(posted 6 days 3 hours ago)

This month we take some time to honor founding member, Sherman Titens in his passing. Sherman had a great vision for ChamberWise and we will continue to pursue it.
Also in this newsletter you can check out the most recent webinars available at a deep discount for member-Chambers.
View the newsletter here or go to www.ChamberWise.org for more info.

(posted 6 days 12 hours ago)

Per www.globalinsolvency.com:

Thu., July 24, 2014The number of recorded personal insolvencies has reached its lowest level in nearly a decade, according to official figures, BBC News reported. The Scottish government said more people were using its debt payment programmes to manage their finances. Enterprise Minister Fergus Ewing described the figures as "encouraging". However, the figures also showed a rise in corporate insolvencies, with 250 Scottish firms failing in the second quarter of 2014. The official statistics published by the Accountant in Bankruptcy (AiB) showed a 25.8% decrease in the number of personal insolvencies from the same quarter the previous year. The recorded number of personal insolvencies, including both bankruptcies and protected trust deeds (PTDs), are now at their lowest recorded level since the first quarter of 2005-06. PTDs have fallen in popularity as Scots take advantage of government debt payment programmes (DPPs), which allow people to pay off their debt over a longer period rather than transfer their estate to a trustee to avoid bankruptcy, as is necessary under a PTD.

The COMI
(posted 6 days 12 hours ago)

handle a bill collectorI know how to handle a bill collector. I’ve had a lot of experience with debt collectors. First, two things for you to know. I worked my way through college as a bill collector. For another, I’ve been a bankruptcy lawyer in the San Fernando Valley, CA for 34 years. Knowing how to handle a bill collector is my stock in trade. So, let’s talk about how make a bill collector “Shut Up!”
There are three kinds of bill collectors that you as a consumer will encounter. These are:

Los Angeles Bankruptcy Blog
(posted 6 days 18 hours ago)

In “Try to Be the Least Bit Cool: Credit-Bidding After Fisker and Free Lance Star-Publishing,” the editorial staff of Commercial Bankruptcy Investor looks at two recent case in which credit bidding rights were scaled back and reflects on how credit bidders can avoid a similar fate in other cases.
Read the full article here, or visit www.commercialbankruptcyinvstor.com.

(posted 6 days 18 hours ago)

Cooley Go
Cooley GO
Earlier this month, Cooley LLP launched Cooley GO, a terrific new resource center for entrepreneurs with businesses at all stages of the growth cycle. Cooley GO is a mobile-friendly microsite that provides a wide range of free legal and business content covering formation, financing, building a team, working with directors and advisors, intellectual property, M&A, IPOs and more.
I have the pleasure of being a contributor to Cooley GO. A new post I wrote called “A Key Customer Filed for Bankruptcy: Should You Keep Doing Business With Them?” is now on the Cooley GO site. To read the article just follow the link in the prior sentence.
Be sure to explore the full Cooley GO site. Among other tools, Cooley GO provides entrepreneurs with the ability to:

(posted 6 days 19 hours ago)