The Investing in Student Success Act
A new measure proposed by Sen. Marco Rubio (R-Fla.) calls for employers to help fund higher education through so-called income share agreements.
Under these agreements, as discussed in The Investing in Student Success Act, the employer would fund someone’s education in exchange for a percentage of the employee’s income for a set period of time after graduation.
It all stems from an idea put forth by the economist Milton Friedman about 60 years ago – at a time when jobs were plentiful, industrial expansion was in full swing, and the world was a happy place. The idea was for investors to give students money for school in exchange for a percentage of their income for a set period of time after graduation.
Such income share agreements have long been used by employers who send their employees to graduate school in exchange for repayment through a defined period of post-degree employment. Friends of mine who work for some of the largest corporations in the nation count it as a perk of the job, and get their MBA on the company’s dime.
But for undergraduate work? I don’t see it happening for a few reasons.

(posted 6 days 16 hours ago)

The ChamberWise Education Consortium, and Financial Poise are pleased to announce the on-demand release of their jointly-produced webinar, “Intro to Securitization.”
Available today, this webinar is designed to help C-level executives and attorneys understand types of financial assets typically securitized; advantages/disadvantages of securitization; risks, rules and exemptions.
“A securitization transaction is structured so that assets will be isolated from bankruptcy risk of asset seller,” according to one panelist. “Everything from mortgage and auto or corporate loans to intellectual property licenses and credit card receivables need to produce predictable cash flows to support regular interest payments of principal at maturity.”
“There are several reasons why a company would get financing through a securitization rather than a secured loan and there are advantages and disadvantages,” says attorney Doug Rutherford. “Misuse increases risk and creates incentive to make imprudent loans and over-leverages the financial markets. Another issue is that complexity of the structure of a securitization can be daunting and that can affect individual users.”

(posted 6 days 20 hours ago)

eShares issues electronic shares for private companies and then acts as the registration agent for those companies. To use the service, a company sets up an account and designates certain people who can issue and sign certificates. eShares then manages the workflow of getting existing shares entered into the system. Once that is complete, everyone with shares or options receives a notice saying that their paper certificates have been replaced with electronic shares, which they can see in their eShares portfolio.
Accredited Investor Markets likes the concept because it seems to put the responsibility of tracking who owns what percentage of a company into the hands of a presumably neutral third party expert. This seems to us to be an advantage for the investor.
Accredited Investor Markets recently sat down with eShares CEO, Henry Ward to learn more. Read the interview here:

(posted 1 week 3 hours ago)

bankruptcy petition
The Judicial Conference has approved a fee increase effective June 1, 2014.
The fees for filing a chapter 7 case will increase from $306.00 to $335.00.
The fees for filing a chapter 13 case will increase from $281.00 to $310.00
This is a $29.00 increase in the filing fees.
The fees for filing an adversary proceeding will increase to $350.00 (Debtors are not charged filing fees for adversary proceedings).
Chapter 11 filing fees will increase to $1,717.00.
It gets more and more expensive for folks to achieve any relief from their debts.

Bankruptcy Law Network
(posted 1 week 5 hours ago)

The company behind the chemical spill that tainted the water supply of 300,000 people in West Virginia spent $1.9 million on attorneys and advisers in the first months of its bankruptcy case.

Freedom Industries Inc.’s lead bankruptcy law firm, McGuireWoods LLP, billed top dollar, according to court papers filed Tuesday. The law firm charged nearly $746,000 in fees and expenses for work performed between Jan. 17, when Freedom filed for bankruptcy, and the end of March.
Two specialist law firms, one for environmental matters and one for litigation, billed a combined $535,000 in fees and expenses for work during the same timeframe.
Less than 5% of the bills from bankruptcy professionals come from lawyers representing Freedom’s committee of unsecured creditors, whose members include people claiming injury or other damages from the disastrous Jan. 9 chemical spill from a Freedom-owned tank farm. Bankruptcy Beat
(posted 1 week 7 hours ago)

How does bankruptcy work when you are married?
Here is a quick 3 point summary of how does bankruptcy work when you are married?

Los Angeles Bankruptcy Blog
(posted 1 week 7 hours ago)

th (4)A former commercial real estate agent and businessman who pled guilty in 2012 to various federal charges was recently sentenced in court.  Michael Wayne Harding, 59, of Keswick, Virginia pled guilty to one count each of bankruptcy fraud and wire fraud after waving his right to an indictment. Harding will complete 30 months in federal […]

(posted 1 week 8 hours ago)

Smaller bank holding companies are faced with a potentially significant problem if their risk controls are judged insufficient for the current regulatory environment.

(posted 1 week 9 hours ago)

Money is the single largest source of stress in the US.
Other sources of stress are work, the economy, family and relationships.  I can’t offer a remedy for these stressors.  But I have the cure for debt troubles.
On National Stress Awareness Day, the connection between money, stress and bankruptcy merits  some thought.
The debt plan that scares me
Of all the chilling things my clients say to me, the pronouncement that they will just continue to juggle their money worries rather than file bankruptcy is the worst.
Scared of taking steps to get rid of debt, they consign themselves to worry, sleepless nights, and constant tension over their money problems.

(posted 1 week 9 hours ago)

Florida’s 4th DCA Issues Opinion Likely to Tip the Scales in Favor Of Involuntary Bankruptcy Filings Last week, Florida’s 4th District Court of Appeals held that a Florida court does not have jurisdiction to require a Florida judgment debtor to turn over a stock certificate held by the debtor outside the State of Florida. This [...]

Leshaw Law
(posted 1 week 9 hours ago)