Home Equity Lines Of Credit May Be Dischargeable Even When Borrower Lies
June 2008 Last week, Judge Leslie Tchaikovsky, a bankruptcy judge in the Northern District of California (National City Bank v. Hill, United States Bankruptcy Court, Northern District of California,...
View ArticleSharia Law Will Likely Be A Creditor Disaster In The Dubai Restructuring
December 2009 At the end of November, Dubai announced that it would seek a six-month postponement of debt repayments, the earliest of which is due on December 14. The announcement came as a shock. This...
View ArticleA Graphical Explanation Of The Financial Restructuring Process
April 2009 Troubled company restructurings are complex endeavors. To be successful, a company must fix both the challenges that caused the problem in the first place, and create revisions to the debt...
View ArticleFinancial Experts Improve Bankruptcy Litigation Results
September 2009 Chapter 11 is more about negotiation than litigation. For this reason, many bankruptcy lawyers decline to spend resources gathering support for their position in the courtroom. While...
View ArticleTwo Recent Bankruptcy Cases Threaten Secured Lenders’ Position
October 2009 The Third Circuit expanded the definition of an “insider” to include a creditor with a “close relationship” to a debtor. Because the lender was found to have overstepped and abused its...
View ArticleCongressmen Harass Companies For Attempting To Comply With Health Care Law...
April 2010 The Patient Protection and Affordable Care Act eliminates a previous tax benefit for retiree drug benefits. Promptly after passage, a number of corporations announced accounting charges...
View ArticleNew Caution Warranted When Selling To Entities In Bankruptcy
April 2010 Most businesses assume that payments they receive from an entity in bankruptcy for post-petition transactions can be kept. A new bankruptcy case instructs those doing business with entities...
View ArticleSeverance Pay FICA Tax Treatment May Change
October 2012 In a decision having significant impact, the Sixth Circuit ruled that payments to employees as part of a severance program are not subject to tax under the Federal Insurance Contributions...
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