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Read More »Supreme Court sides with bank on right to credit-bid at auction
Secured lenders must be allowed to credit-bid at an auction that would extinguish their interest in the collateral as part of a debtor’s Chapter 11 cramdown plan, the Supreme Court has ruled. The case involved a Chapter 11 bankruptcy filing ...
Tagged with: auction chapter 11 bankruptcy filing Law Supreme Court united states
Read More »SEC reviewing JPMorgan’s filings after $2B loss
WASHINGTON — Federal regulators are reviewing what JPMorgan Chase told investors about its finances and the risks it took weeks before suffering a multibillion-dollar trading loss. Mary Schapiro, chairman of the Securities and Exchange Commission, told the Senate Banking Committee ...
Tagged with: bank Banks federal regulators filing jpmorgan losses profit SEC securities and exchange commission Senate Banking Committee volcker rule
Read More »Accuser sits in on foreclosure hearing
Midway into Monday morning’s show cause hearing in Baltimore City Circuit Court, Special Master Elizabeth A. Ritter paused to ask if anyone in the gallery was a party to any of the foreclosure cases on the docket. Two men spoke ...
Tagged with: baltimore city circuit court filing foreclosure hearing maryland mortgage signature signatures testify
Read More »IRS reduces penalties if tax cheats come clean
WASHINGTON — International tax evaders who come clean will be able to avoid jail and pay reduced fines under a new voluntary disclosure program announced Tuesday by the Internal Revenue Service. Tax cheats will have until Aug. 31 to settle ...
Tagged with: filing Internal Revenue Service IRS penalties reduce tax evasion Taxes united states
Read More »October foreclosure filings down in U.S., Maryland
Foreclosure filings across the U.S. were down 4 percent last month from September’s figures, the online marketing group RealtyTrac has reported. The 332,172 foreclosure filings in October — one in every 389 housing units — are nearly the same number ...
Tagged with: filing foreclosure Foreclosures greater baltimore board of realtors housing maryland october Real Estate RealtyTrac united states
Read More »Nonprofits enter twilight zone
As many as one in five Maryland nonprofit businesses could be stripped of their tax-exempt status Friday because of filing rules that changed three years ago and caught some of them unawares. The Internal Revenue Service in June listed 6,788 ...
Tagged with: Business filing IRS Nonprofit
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