Most people agree that the HAMP modification program is a complete failure. The disagreement is over why. In a report published by Propublica different servicers are rated for completion of trial periods. The report only deals with modifications that ... Read full article
I generally try to talk clients out of reaffirming a car loan in most cases but it is ultimately the client’s choice. Reaffirmation is risky because if the car is destroyed in an accident or you lose your job you still have to keep up the payments, you ... Read full article
Congressman Ruben E. Hinojosa is in the bankruptcy context is most know for while having voted for the reform bill BAPCPA had himself exempted from Debtor In Possession accounts and Congressman Hinojosa had his bankruptcy petition sealed. The sealing of ... Read full article
Нашу рубрику о банкротстве сегодня ведёт адвокат Ирина Ласт, партнёр в юридической фирме “Carley & Lust, Attorneys at Law PLLC”. Добрый день, Я хотела бы кратко рассказать о процедуре банкротства и ответить на часто задаваемые вопросы от наших ... Read full article
A person is declared bankrupt when a court determines the person to be legally insolvent, or broke, in response to a petition filed by the debtor or his creditors. Then, following the bankruptcy law, the person’s property is liquidated and divided among ... Read full article
In an event that is being held up as a sad display of the continued effects of the lingering housing crisis, a pregnant woman in Dallas, Texas was trampled after a crowd waiting to apply for housing vouchers got out of control. According to MSNBC: Dallas ... Read full article
If you thought you are giving your clients a bargain I guess you are. I have seen some high retainers but not $85,000 which is the retainer that Patricia Kluge and her husband paid their bankruptcy attorney. Click on the link to the left to view the ... Read full article
Qualifying for Chapter 7 Bankruptcy: The Story of Toni Braxton In October 2010, six-time Grammy Award winner Toni Braxton filed for bankruptcy a second time. In her Chapter 7 bankruptcy petition, Braxton claimed debts of between $10 million and $50 ... Read full article
By: Aaron Huff You’re filing bankruptcy, why would you want to hire an attorney? They charge a lot of money, right!?!? These are words that I overheard at a Chapter 7 341 Meeting of Creditors almost a year ago. They were uttered by a “pro se” filing ... Read full article
I heard that you can keep your vehicle in Chapter 13 and pay less than your vehicle’s outstanding loan balance. Is this true? In all situations filing a Chapter 13 bankruptcy petition will allow you to keep your vehicle. Even if you are behind on your ... Read full article
Can the Power Company Turn Off My Lights When if I File for Bankruptcy? It’s hot outside and the economy is still in shambles. No one wants to be left without air conditioning in July. If you’re concerned about having the power shut off due to past due ... Read full article
ArchBrook Laguna Holdings LLC and several affiliated companies – ArchBrook Laguna New York, LLC; ArchBrook Laguna, LLC; ArchBrook Laguna West, LLC; Expert Warehouse, LLC; Lehrhoff ABL, LLC; and Chimerica Global Logistics, LLC – voluntarily filed for ... Read full article
In a WSJ interview, Goldman Sachs’ chief U.S. economist Jan Hatzius says he sees a 15% to 20% chance of renewed recession next year. However, his baseline forecast is still for a resumption of stronger growth in the second half of 2011 and into 2012. ... Read full article
A group of affiliated companies - Omega Navigation Enterprises, Inc.; Galveston Navigation Inc.; Beaumont Navigation Inc.; Carrolton Navigation Inc.; Decatur Navigation Inc.; Elgin Navigation Inc.; Fulton Navigation Inc.; Orange Navigation Inc.; Baytown ... Read full article
Summary: The euro is getting hammered after European finance ministers issued a vague statement that did not reassure global market watchers, Dow Jones Newswires’s Katie Martin reports. View the video on our ... Read full article
Summary: MarketWatch reporter Rex Crum looks at the valuation of Netflix, whose stock price has recently topped $300 per share. He looks at the brand quality, competition and growth. View the video on our ... Read full article
Summary: A survey of small business owners shows a lack of confidence in the U.S. economy. More than two-thirds indicated they do not plan to add payrolls in 2011 or 2012. WSJ’s Siobhan Hughes reports. View the video on our ... Read full article
Summary: EU President Herman Van Rompuy called a meeting of top policy makers to discuss plans for a second bailout package for Greece. Katie Martin discusses whether the EU will let Greece default this time around and whether Spain or Italy could be next? ... Read full article
Summary: Top economist John Taylor says his “biggest worry” is that the U.S. economy will be anemic for years and unemployment remain high. He does not, however, advocate any additional stimulus from the government or the Federal Reserve. View the video ... Read full article
In an opinion dated July 6, 2011 (a copy of the opinion is embedded below), the Fourth Circuit Court of Appeals affirmed a decision of Bankruptcy Judge Kevin R. Huennekens of the United States Bankruptcy Court for the Eastern District of Virginia. In the ... Read full article
