Decision in Visteon Walks Through Analysis of Improper Venue and Venue Transfer Decisions
19 Nov
Posted by Mark Wood as Credit Card Offers
Summary
In a very easy to follow opinion issued October 21, 2011, Judge Sontchi of the Delaware Bankruptcy Court denied a motion to dismiss an avoidance action for improper venue or, in the alternative, to transfer venue of the action. Judge Sontchi’s opinion is available here (the “Opinion”). The Opinion provides an excellent framework for all preference defendants to analyze how applicable this defense may be in actions brought against them. The following posts have addressed issues of venue:
Decision in NWL Holdings, Inc., Limits the Ability of Defendants to Transfer Preference Actions
Decision in DBSI Inc., Reminds Us that District Courts have Personal Jurisdiction Throughout the United States
Decision in DHP Holdings Considers Forum Selection Clause in Deciding Whether to Grant Motion to Change Venue
Background
In 2009, Visteon and its affiliates filed for bankruptcy.
Can You Receive Unemployment Benefits If You Are Looking for Work Even Though You Are 65?
16 Nov
Posted by Mary Sanders as Credit Cards
Because each state operates its own unemployment insurance program, the specific rules vary from state to state across the country. However, there are some commonalities among the state programs — and among them is that being 65 years old does not disqualify you from collecting unemployment benefits. There are, however, some provisions that do affect seniors over age 65.
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Generally, employers contribute a percentage of their payroll each year to a statewide unemployment pool. This pool then pays benefits for a limited period of time to covered workers who have lost their jobs, absent any misconduct on their part. Workers pay no premiums into these pools, but unemployment benefits are taxable. Not all workers are covered, however.
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Does Buying Homeowner’s Insurance Mean You Don’t Trust God?
16 Nov
Posted by Shannon Reyes as Financial Articles
When you move into your own place, you move all your worldly goods and, most precious to your heart, your family into it.
Do you want to protect it? Of course you do.
Home insurance comparison sites profess that home insurance is absolutely essential, but just how essential is it?
In the modern world, we’re faced with many dangers, and one of the biggest threats to our family’s safety is intrusion into the home.
Theft isn’t a construct of modern times; it’s an age-old problem:
“If a man steals an ox or a sheep, and kills it or sells it, he shall repay five oxen for an ox, and four sheep for a sheep. If a thief is found breaking in and is struck so that he dies, there shall be no bloodguilt for him, but if the sun has risen on him, there shall be bloodguilt for him. He shall surely pay.
UK interest rates have been held at a record low of 0.5% for the 32nd consecutive month, the Bank of England’s Monetary Policy Commission announced today.
There has been no change in the UK base rate since March 2009. Economists had expected rates to stay the same again this month, amid concerns about the strength of the economic recovery.
The Bank also stated that there would be no change in its quantitative easing programme, which it extended last month. Through quantitative easing, the Monetary Policy Commission (MPC) is to inject £75 billion into the British economy.
This is on top of the £200 billion which the Bank has pumped into the economy through asset purchases between March 2009 and February 2010.
“With the members of the MPC having voted to hold rates and extend the quantitative easing programme by £75 billion last month, the general expectation was that there would be no change this time. Quantitative easing is being carried out over a number of months and so the MPC is likely to want to see how the economy develops before making any further change,” said Barry Naisbitt, Chief Economist at Santander.
“The slow pace of growth over the past year, in the UK and in other economies, is of concern to the MPC.
Do you have a question about consumer credit? You may find an immediate answer by using the search engine. If you can’t find what you’re looking for, please fill out the form, being as specific as possible.
Please note: The Ask Experian team cannot respond to each question individually. However, if your question is of interest to a wide audience of consumers, the Experian team will include it in a future column.
We recently went through chapter 7 bankruptcy. Our problem is that we are living in a home that belongs to my husband’s father. My husband and his father share the first initial of their first name and of course their last name. My husband’s father was mistaken for my husband and now our bankruptcy is listed on his credit report. What can we do to fix this?
The first step is for your husband’s father to get his personal credit report. It sounds like he has already done that.
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