Sep04
NEW YORK, Sept 2 (Reuters) - Bankruptcy filings by U.S. consumers rose 24 percent in August compared with a year earlier and could reach 1.4 million this year, according to an American Bankruptcy Institute and National Bankruptcy Research Center report released on Wednesday.
Despite the spike, consumer bankruptcy filings last month were down 5 percent from […]
Jul30
U.S. mortgage delinquencies accelerate: Equifax
Mon Jul 27, 2009 2:08pm EDT
By Nick Zieminski
NEW YORK (Reuters) - Rising unemployment continues to make more Americans late on their mortgage payments, a sign that the rate of U.S. personal bankruptcies will keep going up, according to monthly data from the Equifax credit bureau obtained by Reuters.
Among U.S. homeowners with […]
Apr30
April 30, 2009 by senatus Senators have defeated an amendment offered by Senator Dick Durbin (D-IL) to the Helping Families Save Their Homes Act (S. 896) by a vote of 45 to 51. It was subject to a 60-vote threshold. This is the so-called “cramdown” amendment which would allow bankruptcy judges to modify mortgage […]
By Brian Allen
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Filed under Bankruptcy Code, Bankruptcy Trends, Chapter 13 Bankruptcy, Chapter 13 Plans, Chapter 7 Bankruptcy, Debt Collection, Housing Crises, Interest, Of Interest, Plan Payments, The Economy, Uncategorized
Mar25
By North East Texas Bankruptcy Attorney Brian Allen. Bankruptcy law allows a debtor, who is unable to pay his creditors, to file for bankruptcy protection to stop creditors from collecting from the debtor and the debtor’s property (foreclosure, repossessions). Chapter 11, 12, and 13 provide for the development of a plan that allows the debtor time […]
By Brian Allen
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Filed under Automatic Stay, Bankruptcy Code, Bankruptcy Courts, Bankruptcy Trends, Case Law, Chapter 11, Chapter 12 Bankruptcy, Chapter 13 Bankruptcy, Chapter 13 Plans, Chapter 7 Bankruptcy, Chapter 7 Means Test, Credit Cards, Debt Collection, Exemptions, Housing Crises, Important Terms, Interest, Of Interest, Plan Payments, The Economy
Mar18
HOW SENATE BILL 61 WOULD SAVE HOMES FROM FORECLOSURE AT NO COST TO TAXPAYERS
How big is the home foreclosure problem now?
Our country is facing a foreclosure crisis that is unprecedented. Home mortgage
payments have risen dramatically in the last few years, making it impossible for more and
more homeowners to afford to keep their homes. More than 6,600 family […]
By Brian Allen
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Filed under About J. Brian Allen, Automatic Stay, Bankruptcy Code, Bankruptcy Courts, Bankruptcy Trends, Case Law, Chapter 13 Bankruptcy, Chapter 13 Plans, Debt Collection, Housing Crises, Important Terms, Interest, Of Interest, The Economy, Uncategorized
