Bankruptcy Blogs

Can my Chapter 7 trustee kick me out of my Florida home?

07/15/11

  Not if you hire an experienced bankruptcy lawyer. As I previously reported, we have a problem in the state of Florida with a few rogue bankruptcy trustees using unsavory tactics to shakedown Chapter 7 debtors. Specifically, in the State of Florida, a debtor can choose between his homestead exemption and his wildcard exemption.  The [...]

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The Daily Docket: Borders Fate To Be Decided This Weekend

07/15/11

The Wall Street Journal reports the fate of Borders Group Inc. hangs in the balance this weekend, with a Sunday deadline looming for the bookstore chain to either find a buyer or face liquidation.

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Forget the Treasury, Make Bair Anti-Foreclosure Czar

07/14/11

Obama should take a brisk stroll over to Pew Charitable Trusts and ask Shelia Bair to be the anti-foreclosure and future homeownership czar.

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California Toughs It Out, Why Can't Greece?

07/14/11

California isn't TBTF simply because people in Washington have made utterly clear that they're not going to bail out any state or local government at all.

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"Extend and Pretend" Falls Short for CRE Troubles

07/14/11

Adjusting maturity dates on commercial real estate loans is like rearranging the chairs on the deck of the Titanic.

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Notes from Counsel for the Chapter 13 Trustee

07/14/11

From Aki Koyama's Facebook page: If a motion to avoid lien has been granted by the Judge, both Judge Donovan and Judge Klein now require the order granting the motion to be entered before the plan will be ordered confirmed....

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Disconnect Between Reality and Regs Is Insane

07/14/11

The article "Fed Up with Talk, Bankers Try Reining in Regulators" really has me fed up.

For over 37 years I have been a community banker. Every day I read about yet another new regulation. The sentence that really got to me was "Although modified loans are typically treated as nonaccrual for six months..." That did it for me. ...

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Forget the Treasury, Make Bair Anti-Foreclosure Czar

07/14/11

Obama should take a brisk stroll over to Pew Charitable Trusts and ask Shelia Bair to be the anti-foreclosure and future homeownership czar.

[more]

Chapter 7 Bankruptcy: Do You Qualify? How is Eligibility Determined?

07/14/11

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 million, which grew even worse when a heart condition – diagnosed as microvascular angina – [...]

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3 Common Types of Bankruptcy Fraud Can Land You in Prison

07/14/11

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 his creditors to pay his bills. A person commits bankruptcy fraud – a [...]

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