Despite the defeat of a bill in the U.S. Senate that would change consumer bankruptcy laws and allow individuals facing bankruptcy to avoid foreclosure, numerous consumer advocacy groups have continued to press members of the House of Representatives for a bill that favors consumers.
The current push for changes came on the eve of a mark-up [...]
Entries from April 2008
Changes Possible to Consumer Bankruptcy
April 23rd, 2008 · No Comments
Tags: Uncategorized
Consumer Bankruptcy Filings Increased
April 8th, 2008 · No Comments
Statistics show that the number of consumer bankruptcy filings has increased 27% in the first quarter of 2008 when compared to the first quarter of 2007. This is according to the American Bankruptcy Institute.
According to a representative from the ABI, bankruptcy filings are on the rise due to increasing mortgage problems and the burden of [...]
Tags: Boca Raton Bankruptcy Attorney · Boca Raton Chapter 7 Bankruptcy Lawyer
Bankruptcy Courts Offer Little Help to People with Mortgage Issues
April 8th, 2008 · No Comments
Currently, individuals faced with mortgage problems can expect very little help from bankruptcy courts. All of that could change if Congress can manage to scrape together enough votes to change the bankruptcy laws and then over-ride an indicated veto.
The changes currently being debated would allow bankruptcy courts to restructure mortgages in an effort to help [...]
Tags: Boca Raton Bankruptcy Attorney
Real Estate Bankruptcy Filings Double
April 7th, 2008 · No Comments
From October 2006 to early April 2007, 12 real estate companies filed for bankruptcy. From October 2007 to early April 2008, 24 filed. These filings were all in the Central District of Florida.
The increase in the number of bankruptcy filings is a direct reflection of the ongoing housing slump and the general deterioration in the [...]