South Florida Bankruptcy Lawyer

According to a report by the U.S. Bankruptcy Court for the district of Arizona, statewide bankruptcy filings for the month of January underwent a 63% increase compared to the same month last year. The statistics, which show a total of 967 filings this year, also showed a heavy imbalance in the type of bankruptcy petitions […]

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US Senate Democrats are pushing for a change to current bankruptcy law in an attempt to stem the tide of foreclosures in the weak housing market. Under the proposal, judges would be given the power to ease the terms of mortgages during bankruptcy proceedings. The rationale, say proponents, is to allow homeowners a second chance […]

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Specialty electronics company The Sharper Image filed for Chapter 11 bankruptcy protection earlier this week. The company, which had denied its financial difficulties since August of last year, has suffered from poor store performance, increasing competition, and lower consumer confidence. In addition to economic factors, Sharper Image has also seen its reputation crumble in the […]

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In an attempt to alleviate the steadily increasing mortgage and foreclosure crisis facing the U.S. housing market, six of the nation’s largest mortgage lenders have agreed to halt foreclosure proceedings for 30 days while payment options are discussed and negotiated. Under the new program, called Project Lifeline, borrowers who are more than 90 days behind […]

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After nearly 2 years in Chapter 11 bankruptcy, Dana Corp., a manufacturer of car parts, announced its emergence from bankruptcy Friday. Dana, which produces axles, brakes, and other parts, filed for bankruptcy protection in March of 2006, saying it needed to move manufacturing to lower-cost countries and cut labor costs in order to avoid huge […]

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