Bankruptcy Blogs

Debt collector who built fake court room files for Chapter 13 bankruptcy, read Michael J. Covatto’s bankruptcy documents

06/30/11

The now infamous debt collector with the fake court room has become a Chapter 13 bankruptcy debtor himself.  After facing a lawsuit by the Attorney General of Pennsylvania and a hospital upset for millions in possibly uncollectable debts because of his actions, he has filed Chapter 13 bankruptcy to apparently to avoid the case in [...]

[more]

Can I Discharge my Social Security Disability Overpayment in Bankruptcy

06/30/11

The Social Security Administration is a mess.  Currently, SSA is in the midst of an overhaul in which they are attempting to go “paperless.”   Unfortunately, they are understaffed with many of the remaining employees overworked and poorly trained, resulting in an agency that routinely loses files, does not process information properly and does not have [...]

[more]

Don’t Want To Reaffirm in Bankruptcy? Change The Law!

06/30/11

If you have been reading Bankruptcy Law Network recently, you would have seen various articles about reaffirmations.  What they are, what they do, under what circumstances you should reaffirm a debt or mortgage and when you should not.  There are even some courts that say you must reaffirm a car loan in bankruptcy.  But there [...]

[more]

Limited Emergency Efforts to Save Homes Continue

06/30/11

According to an article entitled The Soon-to-Evaporate Help for At-Risk Homeowners in 32 States in the Bucks blog of The New York Times, there still could be emergency financial aid from the federal government available for some homeowners through a program known as the Emergency Homeowners’ Loan Program.  To find out whether you might qualify [...]

[more]

Refinancing Without Reaffirming in Bankruptcy?

06/30/11

When you file Chapter 7 bankruptcy, one option you have is to reaffirm your mortgage.  Do you have to reaffirm in order to refinance later?  Of course not, but your lender may try to tell you otherwise. Other articles here discuss the actual process of reaffirming a debt.  And the pros and cons of doing [...]

[more]

Higher Capital Requirements for Community Bankers Inevitable

06/30/11

It's hard to imagine that new systemic capital requirements for large banks will not raise the expectations for community banks.

[more]

Couple Asks Ninth Circuit to Rule on Gay-Marriage Ban

06/30/11

Just days after the Justice Department filed an appeal of a ruling declaring the federal ban on gay marriage unconstitutional, lawyers for a same-sex couple at the center of a bankruptcy dispute upped the ante by asking the Ninth U.S. Circuit Court of Appeals to take the case.

[more]

Vicente Padilla Gets ‘CLIP’ped in Dodgers Bankruptcy

06/30/11
EPA/Erik S. Lesser

A lot of odd things have happened to pitcher Vicente Padilla during his 13-season Major League career.

[more]

RadLax’s Time to Shine

06/30/11

A bankruptcy case that’s flown under the radar for nearly two years may finally be getting its moment in the spotlight, thanks to a recent appellate-court ruling that upholds the practice of lenders using debt as currency in their bids to take back assets.

RadLax Gateway Hotel LLC—which owns a struggling Radisson by the Los Angeles International Airport—is like the forgotten younger sibling of hotel bankruptcy cases, always giving up the spotlight to River Road Hotel Partners LLC.

[more]

Fed: Interchange Rule Not Our Fault

06/30/11

Despite a 4 to 1 vote by the Federal Reserve Board on its final interchange rule, one thing all the governors could agree on was this: Don't blame us, Congress made us to do it.

[more]