The SEC Dodd-Frank Investor Advisory Committee, established pursuant to Dodd-Frank, has provided notice that it will hold a public meeting on Thursday, October 9, 2014, from 10:00 a.m. until 4:00 p.m. (EDT). 

(posted 6 days 19 hours ago)

Weil partner, Joseph H. Smolinsky, will participate in a webinar with Aaron D. Lacey, partner at Thompson Coburn LLP, and Carol Flaton, managing director at Zolfo Cooper, LLC, to discuss rightsizing options in the higher education sector.
This webinar presentation will examine restructuring, reorganization, teach-outs, and similar rightsizing options, and focus on how these options can be used deliberately and appropriately to ensure the longevity and success of an institution and its students. The presenters will examine the historical stigma in this sector associated with bankruptcy and restructuring (which can direct or delay decision-making to the detriment of the institution and its students and stakeholders), and discuss how institutions that successfully manage rightsizing will be best positioned to serve their students and stakeholders, to unlock value, and to take advantage of future opportunities. The presenters will also discuss possible legislative fixes that, if implemented, could lead to a healthier and more financially stable industry.
This webinar will be held on September 30, 2014, at 2 PM Eastern.
Please click here to request additional information.
Panelists are:

(posted 6 days 19 hours ago)

Receiving Wide Coverage ... Guilty: A word of warning to banks (as if they didn't already know this): Be careful who you do business with. A federal jury in New York found Jordan's Arab Bank liable for providing financial services to Hamas that helped them conduct terrorist activities, and plantiffs now plan to seek an unspecific amount in damages. For its part, Arab Bank has said it followed compliance procedures, according to the Financial Times. ButÂ...

(posted 6 days 20 hours ago)

Alongside TransUnion and Experian, Equifax is one of the three major credit agencies in the United States.  But while hundreds of millions of people rely on Equifax to be accurate, discrepancies and errors do sometimes occur.  As a matter of fact, the frequency of those errors might alarm you: according to a recent study by the Federal Trade Commission, reporting errors affect as many as one in five Americans.  What should you do if you’re among them?  In this article, our bankruptcy attorneys explain how to file a notice of dispute with Equifax if you think there is a mistake on your credit report.

Excellent Credit Score
Why is Good Credit Important?
It’s important to maintain the very best credit score you possibly can.  In simple terms, a good credit score makes you attractive to lenders, while a bad one makes you look like an unappealing financial liability.  The practical effect is that better credit amounts to more cost-effective loans, while bad credit means you’ll have to struggle with higher interest rates and hesitant lenders.
Some common errors you may have noticed on your credit report include:

Young, Klein & Associates
(posted 6 days 20 hours ago)

Collins v. JP Morgan Chase Bank, N.A. (In re Flannery), 513 B.R. 1 (Bankr. D. Mass. 2014) – A chapter 7 trustee sought to avoid as a preference a mortgage that was recorded within 90 days before a bankruptcy filing. The … Continue reading →

(posted 6 days 22 hours ago)

young medical doctor in hospital
When you think about the student loan crisis, your mind conjures up images of twenty-somethings working at Starbucks. What you don’t see, however, are the hundreds of thousands of hard-working professionals who pull in comfortable salaries yet live in fear of their student loans.
Confused about how such a thing could possibly happen, and why those with deep pockets aren’t always on top of their student loan payments?
Consider this: most people do not graduate from school with high-paying jobs in place. Doctors in particular work many years before getting that fat paycheck. In fact, your friendly local physician likely spent a decade or better in a residency program, living like a college student.
Professionals of all stripes pay their dues for years, during which time they are just as unable to pay their student loans as any other college graduate. By the time their personal finance situation turns a corner, it’s too late to get back on the horse.
You see, federal student loans come with only so much in the way of forbearance. Once they’re gone, you can’t get another one.

(posted 6 days 23 hours ago)

Creditor Boot Camp Webinar Now On Demand!
So, your company or client is a creditor in a bankruptcy. Should you keep supplying goods or services? Should you sit on the creditors’ committee? Will you be sued for a preference? What is critical trade? This panel will answer these questions and others that any creditor of a bankrupt company should ask.
Click here to register.

(posted 1 week 8 hours ago)

Basics of Bankruptcy Litigation for the Non-Bankruptcy Litigator Webinar Now Available On Demand!
This webinar is designed for the commercial litigator who is about to litigate in bankruptcy court for the first time.  It presents the big picture differences between litigating in bankruptcy court.
Click here to register.

(posted 1 week 8 hours ago)

Due Diligence in Real Estate Deals Webinar Now Available on Demand!
This webinar is a must-attend for anyone who will be representing a client in any type of real estate transaction. Learn the proper guidelines that must be met to prove diligence.  Our expert panel will discuss what you must avoid in order steer clear of pitfalls that could destroy your reputation and career.
Click here to register.

(posted 1 week 10 hours ago)

Three-and-a-half years after Howrey LLP shut its doors, another 31 former partners of the bankrupt law firm have agreed to chip in money to pay back Howrey’s creditors.
In settlement papers filed Friday in U.S. Bankruptcy Court in San Francisco, Howrey trustee Allan Diamond says he’s reached deals to bring in close to $1.5 million from the batch of onetime equity partners. That’s on top of a nearly identical settlement reached in May with 60 ex-partners that raised $4.2 million for creditors.
The contributions, ranging from $3,532 to $200,000, claw back 16% of what partners earned between April 2010 and Howrey’s dissolution a year later—a period during which Mr. Diamond argues Howrey was insolvent.
“This one really takes us dramatically far down the road with respect to the former partners,” Mr. Diamond, a name partner at Texas firm Diamond McCarthy LLP, told Bankruptcy Beat on Monday. Settlement talks continue, he said, with a large group of lawyers who landed at Jones Day, and a handful of “stragglers” are also out there. (A Jones Day rep didn’t immediately respond to a request for comment Monday). Bankruptcy Beat
(posted 1 week 13 hours ago)