Bankruptcy Blogs

"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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Pregnant Woman Trampled in Mad Dash for Housing Vouchers

07/14/11

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 County residents hoping to secure a Dallas County Health [...]

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Good News on Mortgage Modifications

07/14/11

Isn't it about time for some good news on mortgage modifications? Here is some, in the form of a paper titled Who Receives a Mortgage Modification? Race and Income Differentials in Loan Workouts. The authors use data from the Home Mortgage Disclosure Act (HMDA) to assess borrower characteristics against the incidence of loan defaults and modifications on a group of more than 100,000 subprime loans.

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The Free House Myth

07/14/11

As challenges to whether a "bank" (usually actually a securitized trust) has the right to foreclose because it owns the note and mortgage become more common, rumors swirl about the ability to use such tactics to get a "free house." There are a few instances of consumer getting a free house, see here and

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Disconnect Between Reality and Regs Is Insane

07/14/11

Isn't there anyone left in government who understands the concept of loan classifications?

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Lawyer: Dodgers Owe Injured Fan More Than Manny

07/14/11
Associated Press

The Los Angeles Dodgers could owe Bryan Stow, the San Francisco Giants fan severely injured earlier this season in an assault outside Dodger Stadium, up to $3

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California Toughs It Out, Why Can't Greece?

07/14/11

California isn't TBTF because Washington has made utterly clear that it is not going to bail out any state.

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Socialite Patricia Kluge pays bankruptcy attorney $85,000 retainer for Chapter 7

07/14/11

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 disclosure of compensation.  About half of it has [...]

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You Get What You Pay For – Hire An Attorney To File Bankruptcy

07/14/11

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 debtor (someone who filed to represent themselves).  This was [...]

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Don’t Pay Your Bankruptcy Lawyer With Post-Dated Checks

07/14/11

So you’ve found the cheapest bankruptcy attorney in the market.  For only the price of $250.00 and the court costs, he’ll file your case provided you give him several post-dated checks for the balance of his fees.  So you can file now and pay later.  Great!!! (For you, not for him – read on to [...]

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