Bankruptcy Blogs

The Home Affordable Modification Program, HAMP, a home loan modification program to avoid foreclosure, once touted as key to helping millions of homeowners who were “underwater” due to plummeting home values, suffered a loss when the House of Representatives voted to eliminate the program, the last remaining housing program of the Obama administration. HAMP, launched [...]

The Office of Financial Research is scheduled to impose a global identification system on the U.S. financial industry by July 15 unless bankers take the lead and get behind one of the trade group initiatives.

So, you meet with an attorney to discuss your options in bankruptcy.  The attorney discusses a chapter 13 and says that you can “cram-down” your car in a chapter 13 case.  Cram what!?  I like the thought of cramming something somewhere for a particular creditor but what exactly is a “cram-down”? Under chapter 13, a [...]

With health care costs rising one would think that hospitals are doing well, especially in Massachussets that has an Obamacare style individual mandate health insurance requirement signed into law by former Governor and GOP Presidential hopeful Mitt Romney, you might think that hospitals have it made.  No uninsured patients?  Well it is not as good [...]