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New Interest Rate Policy Adopted by Mississippi Bankruptcy Judges ( June 2004 )
Local practitioners have been advised by the Chapter 13 Bankruptcy Trustee for the Southern District of Mississippi that the three sitting Bankruptcy Judges in the State of Mississippi have adopted an informal policy under which the maximum interest rate allowed on secured claims in Chapter 13 bankruptcy cases will be 8% per annum. This policy was adopted after a review of the United States Supreme Court decision handed down May 17, 2004 in the case of Till et ux. v. SCS Credit Corporation. -
Trustees May Be a Target of IRS Audits ( May 2004 )
A recent article in <i>The Bond Buyer</i> reported that the IRS will begin an audit program sweep this summer to examine whether the failure by trustees to roll escrow funds held under refunding escrows for tax-exempt issues into zero-interest rate State and Local Government Series (SLGS) securities may have resulted in issuer arbitrage violations. -
Filling the M&A Financing Void ( March 2004 )
The national economy is improving, mergers and acquisitions (M&As) and other activity are picking up steam, and corporate demand for funding is rising. In this market, cashflow-based debt financing can offer significant advantages over equity-based funding, say experts from Wharton and from GE's Corporate Lending team. But Federal Reserve data indicate that banks are retreating from the corporate lending market. In the wake of their pullback, nonbank financial institutions like GE Corporate Lending appear ready to fill the void. -
In a Competitive Economy, What are Your Corporate Financing Options? ( March 2004 )
At a time when the opportunities presented by a slowly expanding economy are threatened by rising interest rates, CFOs are increasingly devoting more time to identifying flexible and attractively priced sources of capital financing. The good news, according to Dan Hom, Senior Vice President GE Corporate Lending, is that the availability of a variety of financing options means that most companies should be able to meet their borrowing needs in a competitive, cost-effective manner. But the challenge, he says, is to ensure that CFOs are aware of all the choices that are out there. -
Real Estate Financing Options Include Interest Rate Derivatives ( May 2002 )
From modest projects to major development initiatives, interest rate derivatives (also known as interest rate swaps and caps) are becoming an increasingly common component of real estate financing transactions. A good deal of the credit for this trend can be attributed to the maturation and broadening of the derivatives market in general and a corresponding widening of understanding and acceptance of derivatives transactions. -
An Overview of the Small Business Investment Company Program ( May 2000 )
This article details the Small Business Investment Company Program, describes the two kinds of SBA leverage and reviews the Small Business Administration's regulations. -
Amendments to Pennsylvania Mortgage Bankers and Brokers Act Are Adopted ( December 1999 )
The Pennsylvania Mortgage Bankers and Brokers Act (the "Act") governs the licensing and operations of first lien r. -
New Jersey Superior Court Restricts Lenders' Ability to Collect Late Fees and Default Interest ( December 1999 )
In the recent case of MetLife Capital Financial Corporation v. Washington Avenue Associates (N.J. Super., 1998), th. -
Supreme Court Approves Late Charge, Default Interest Rate ( November 1999 )
In a unanimous decision that will come as a great relief to lenders and other creditors, the New Jersey S. -
Pssst: Wanna lower your credit card rate? ( October 1999 )
Reprinted from the Staten Island Advance, Monday, 10/11/1999 Page A I Instead of playing "musical cards" .
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