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8th Cir. Holds Foreclosure Did Not Discharge Security Interest in Proceeds of Collateral
  • Maurice Wutscher LLP
  • USA
  • October 17 2016

The U.S. Court of Appeals for the Eighth Circuit recently held that a secured party’s foreclosure did not discharge an otherwise valid security

New CFPB Mortgage Servicing and Loss Mitigation Rules to Take Effect in 2017 and 2018; New FDCPA Safe Harbor CFPB White Paper May Signal More to Come from CFPB on Loss Mitigation
  • Dykema Gossett PLLC
  • USA
  • September 19 2016

The Consumer Financial Protection Bureau has issued yet another suite of regulatory changes related to mortgage servicing. The rules add additional

Upcoming Supreme Court Docket Includes Cases to Watch for Commercial Lawyers
  • Barnes & Thornburg LLP
  • USA
  • August 31 2016

The first Monday of each October marks the beginning of a fresh term for the Supreme Court of the United States. As the 2016 term approaches, the

Winners and Losers: They Call Alabama the Crimson Tide, Call me Deacon Blues
  • Shumaker Loop & Kendrick
  • USA
  • May 31 2016

In Bankruptcy Code Section 363 sales of assets, there are winners and losers. Chapter 11 is known as a forum for reorganizing or selling a financially

National Assembly Passes Bill to Amend the Debtor Rehabilitation and Bankruptcy Act
  • Yulchon LLC
  • South Korea, USA
  • May 19 2016

On 19 May 2016, the National Assembly passed the bill to amend the Debtor Rehabilitation and Bankruptcy Act (“DRBA”). Key amendments include (1

“Bad Boy Guarantee” of Non-Recourse Partnership Debt
  • Sullivan & Cromwell LLP
  • USA
  • April 18 2016

On April 15, 2016, the IRS released a generic legal Advice Memorandum (the “GLAM”) providing an important and helpful clarification of the treatment

New York AG announces settlement payments to consumers affected by alleged predatory lending scheme
  • BuckleySandler LLP
  • USA
  • January 1 2016

On December 22, New York AG Schneiderman announced that more than 3,000 consumers received partial compensation from funds stemming from a global

FYI: MD Fla Bankr Holds TPCA Revocation of Consent Must Be "Express and Clear"
  • Maurice Wutscher LLP
  • USA
  • December 24 2015

The U.S. Bankruptcy Court for the Middle District of Florida recently held that: A bankruptcy trustee was entitled to recover $1,000 in statutory

Bankruptcy Proof of Claim form gets a makeover
  • Bradley Arant Boult Cummings LLP
  • USA
  • November 30 2015

Several of the Official Bankruptcy Forms will be replaced on December 1, 2015. For creditors, the most notable changes will be to two forms: the

Considerations for lenders in workouts & loan restructurings
  • Bilzin Sumberg Baena Price & Axelrod LLP
  • USA
  • February 12 2015

Despite the improvement in the economy since the advent of the “Great Recession,” many businesses nevertheless continue to struggle. Accordingly