We all know the definition of insolvency for a company - or do we? The cashflow test - unable to pay its debts as they fall due - is relatively uncontroversial, but the balance sheet test is more difficult. Section...
Two recent bankruptcy cases involved the application of Georgia law on deed attestation. In both cases, the trustee was attempting to set the lien pursuant to section 544 of the Bankruptcy Code.
A recent FBI Intelligence Assessment describes use of the bankruptcy process in foreclosure avoidance schemes. The foreclosure rescue schemes occur when spurious individuals promise to save a home from foreclosure after a mortgage default in order to extract monthly fees from desperate homeowners. The perpetrators of the fraud then file fraudulent bankruptcy petitions to delay the foreclosure and maximize monthly fees.
A recent FBI Intelligence Assessment describes use of the bankruptcy process in foreclosure avoidance schemes. The foreclosure rescue schemes occur when spurious individuals promise to save a home from foreclosure after a mortgage default in order to extract monthly fees from desperate homeowners. The perpetrators of the fraud then file fraudulent bankruptcy petitions to delay the foreclosure and maximize monthly fees.
