An upcoming Legal League 100 webinar examines the operational changes that servicers must navigate in addition to the new rules and regulations governing their foreclosure business.
Read More »Bankruptcies Continue Downward Trend From Peak in March ’21
While bankruptcies as a whole declined from August, individual Chapter 13 filings ticked upwards. Here’s the latest.
Read More »Is Chapter 7 Bankruptcy Broken?
According to the U.S. Courts website, the fundamental goal of the Federal bankruptcy laws enacted by Congress is to give debtors a financial “fresh start” from burdensome debts and provides for “liquidation” in a Chapter 7 filing—the sale of a ...
Read More »Bankruptcy Filings Continue Downward Trend
As the nation enters a year into the pandemic, it’s been a slow and steady economic recovery. Here's what a new report finds about bankruptcy trends year-over-year.
Read More »10 Cities with the Most Financial Distress from COVID-19
As businesses across the country are reopening and unemployment rates begin to creep back up, there is no doubt that there are still plenty of people struggling. The coronavirus pandemic has taken a massive financial toll on Americans, but some ...
Read More »Bouncing Back from Bankruptcy
For many borrowers, bankruptcy is not the end of the road. Here's how quickly someone who files from bankruptcy might be able to obtain a home loan.
Read More »Court Clarifies ‘Single-Satisfaction Rule’ After Mortgage Lien Avoidance
The U.S. Court of Appeals for the Second Circuit affirmed a lower court decision that a chapter 7 trustee's avoidance of an unauthorized postpetition mortgage lien did not amount to a "double recovery" precluding the trustee from avoiding and recovering a transfer of the loan proceeds.
Read More »Supreme Court Offers Ruling on Bankruptcy Appeals Case
The decision was handed down by the Sixth Circuit in the case of Ritzen Group., Inc. v. Jackson Masonry, LLC regarding the “finality” from relief of stay.
Read More »The Applicability of Contempt Sanctions in Bankruptcy
Here's how the Supreme Court's In re Taggart decision created a standard based on “objective reasonableness" in cases of bankruptcy.
Read More »Presidential Candidate Elizabeth Warren Proposes Bankruptcy Plan
Senator Elizabeth Warren proposed a plan to streamline the bankruptcy process for Americans.
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