Bankruptcy Blogs

Foreclosure Fraud Firings

07/25/11

Every time I think I've seen it all in the foreclosure fraud space, something new comes along and amazes me. This time it's not the banks or their vendors, but an AG. David Dayen at FireDogLake has a disturbing story that the Florida AG fired two assistant AGs who dug too deeply into foreclosure fraud issues. If that's true, the Florida AG is gambling with her own career.

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Unfiled Tax Returns in Chapter 13

07/25/11

Tax returns can be a trap for the unwary in Chapter 13 bankruptcy. Often, bankruptcy debtors do not have their tax returns squared away and filed before filing for bankruptcy. When non-tax creditors are pursuing you, and you need quick relief, often tax returns are the last thing on your mind. However, the need to [...]

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How A Tampa Bankruptcy Lawyer Can Prevent A Home Foreclosure With A Bankruptcy Petition

07/25/11

The stagnant economy and depressed housing market has created a huge financial burden for millions of Americans. Many Americans are unemployed and having a difficult time keeping up with their debt obligations. Furthermore, declining home values are exacerbating the financial strain put on families. Millions of homeowners now owe more on their mortgage than the [...]

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A U.S. Default? Bankruptcy Experts Say No

07/25/11
EPA
President Barack Obama reporting progress in debt talks on July 19

Take two bankruptcy attorneys, one investment banker and a distressed-debt investor and you should end up wit

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Channahon Bankruptcy Lawyer On Chapter 7

07/25/11

Chapter 7 is known as the fresh start case. It doesn’t mean everything on the Chapter 7 bankruptcy is going to be eliminated, but the overwhelming reason for filing a bankruptcy Chapter 7 is someone who doesn’t have a lot in terms of money, doesn’t make a lot of money, and doesn’t have a lot [...]

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The Daily Docket: McCourt Whiffs on Dodgers Bankruptcy Loan

07/25/11

A Delaware bankruptcy judge rejected embattled Los Angeles Dodgers owner Frank McCourt’s attempt to use the team’s Chapter 11 case to circumvent Major League Baseball, ruling Friday that the team could not use a $150 million loan from a New York hedge fund to finance its operations. Read the Daily Bankruptcy Review article here.

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CFPB Will Help Keep Industry in Balance in Long Term

07/24/11

As we say in New York, the new agency is going to be a first-class "noodge" - pushing and cajoling the industry to simplify, clarify and and modify some of its practices.

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Congressman Hinojosa's Bankruptcy Plan Appears to Violate Bankruptcy Code, Including BACPA Provisions He Voted For

07/24/11
Congressman Ruben Hinojosa was one of many representatives who voted for the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. As a chapter 11 debtor, he will now be tested to see whether must follow the same rules he voted for, as well as those previously in place. In re Ruben Hinojosa, Case No. 10-70900, pending in the United States Bankruptcy Court for the Southern District of Texas.
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