At Kentucky Bankruptcy Attorney John Rogers, we are very proud of the service we provide to the residents and small businesses of South Central Kentucky. We just wanted to take a moment and share with our readers the nice comments we have received from our clients.
“You have an excellent reputation in the local area. You are organized, professional and really know how to put a client at ease during a hard time in their life. After seeing how unorganized some other attorneys were at court, I was thankful I had your office helping me and not someone else. Thank you all so much.” – Carol
“Any questions I had I could always talk to someone directly. I would recommend your office to other people. ” – Jeff
“All questions were answered in a manner that we could understand. We were never rushed and everyone we worked with was always kind and polite.” – Joe
“(another attorney) said that John Rogers was the only one he knew who could sort out my difficult situation and that he himself could not help me. Thank you for being there for me. You were my friends when I have been at my lowest. You helped me and encouraged me. God bless all of you. I am so thankful for you all.” – DKC
“Someone was always able to answer my questions. I felt like everyone there actually cared about helping me with my situation and wasn’t just after collecting my money. ” -Julie
“I will definitely recommend this office simply for the professionalism and understanding.” -Melissa

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This Friday will mark nine years since the bankruptcy laws were last changed. That law known as BAPCPA which stands for Bankruptcy Abuse Prevention and Consumer Protection Act was really designed to prevent those who have the ability to pay from getting out of their obligations under chapter 7 bankruptcy. The credit card companies lobbied+ Read More
The post New Means Test Figures For Illinois Bankruptcy Filers appeared first on David M. Siegel.

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Politicians must acknowledge the unintentionally harmful consequences of the Dodd-Frank Act, while bankers need to accept that the financial system has deficiencies and act to remedy the problems under their control.

BankThink
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The new Apple Watch is pictured during an Apple event at the Flint Center for the Performing Arts in Cupertino, California, in this file picture taken Sept. 9, 2014.
Reuters

Apple Inc. supplier GT Advanced Technologies Inc. has delayed a challenge to a court order cloaking information about the troubles believed to be responsible for the sapphire producer’s bankruptcy. The Wall Street Journal has the Daily Bankruptcy Review article here.
(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”)

WSJ.com: Bankruptcy Beat
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Receiving Wide Coverage.... Banks Take Beating in Stock Market: Wednesday's stock market swings hit banks hard as fears of a sputtering global economy took hold. "U.S. bank stocks suffered their worst one-day fall in almost two years," tumbling 3.4%, according to the Financial Times. Bank shareholders are worried that the sluggish global recovery and potential for deflation in the U.S. and Europe could keep interest rates low even longer than expected, the papers report. "People areÂ...

BankThink
(posted 1 week 2 days ago)

The trading day in the U.S. ended on October 15th with stocks suffering their biggest losses in years, wiping out the year’s gains in many U.S. and European indexes. While diversity into alternatives may help hedge against some loss, not all behave in the same manner. AIMkts Managing Editor Alicia Purdy looks at stock market correlation and alternatives amid this week’s market bust.
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I’m back. Back to blogging. Home here at L360.
The Return of the Prodigal Son Painting by Bartholome Esteban Murillo National Gallery of Art (Washington, D.C.) The Return of the Prodigal Son
Painting by Bartholome Esteban Murillo
National Gallery of Art (Washington, D.C.)
Several years ago, Kevin O’Keefe or Tom Mighell (one of them) commented that the majority of legal blogs last less than a year. Clearly, I’m one of them on quiting. It just took me longer to quit.
I stopped regularly blogging after 4 years (from September, 2008 until October 2012), and after over 420 blog entries. Always focusing on commercial finance, I started blogging on distressed debt topics (under the “ToughTimesForLenders” blog name).  As the economy (kind of) recovered, the blog became “Lenders360blog” in order to cover “positive” finance topics. Finally, technology was added since it is an operational pillar for all commercial lenders.

Tough Times for Lenders
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Authored by Adam B. Brandon of Rogers TowersIn addition to ensuring compliance with the federal Fair Debt Collection Practices Act (FDCPA), lenders should take precautions to limit its exposure to claims under the Florida Consumer Collection Practices Act (FCCPA).  For example, lenders should:
 

  • Ensure that loan accounting systems accurately track the terms of loan modifications, forbearance agreements, and other loan documents at the time those documents are executed.

 

  • Establish written policies and procedures to reduce errors and to verify the accuracy of accounting systems.  Loan officers should ensure that the policies and procedures are routinely followed by all employees at all levels of a lender’s operations.

 

  • Periodically review the terms of loan documents to ensure that they are fully reflected in accounting systems.

 

  • Ensure that correspondence with debtors accounts for all loan modifications.  Be aware that automatically generated notices have greatest risk of not being accurate or up to date.

 

  • Avoid direct communication with borrowers whose loans are in default and who are also represented by counsel regarding the debt.

 

Florida Banking Law Blog
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