BANKRUPTCY NEWS
We are a Debt Relief Agency. We help you file for Bankruptcy under the Code.
FREE CONSULTATIONS 480-277-2525
CONSULTAS GRATIS 480-282-8519
Posted 12/3/10
FTC Issues Final Rule to Protect Consumers in Credit Card Debt
Posted 12/2/10
BANKS TOLD TO HALT FORECLOSURES WHILE HOMEOWNERS ARE PROCESSING LOAN ASSISTANCE PROGRAMS
Acting Comptroller of the Currency John Walsh has directed banks to halt foreclosure proceedings when borrowers are starting loan-assistance programs, if legally possible.
Posted 10/10/2010
Ariz. Bankruptcy Judge Rules that Bank Must Produce Custodial Records in its Vault before proceeding against homeowner
Posted 10/8/10
Bankruptcy filings are up by 14%
Bankruptcy Filings Up Nearly 14 Percent over Last Fiscal Year
Posted 10/25/10
Debt settlement companies are no longer allowed to charge up front fees.
Bankruptcy & Credit Counseling
Posted 10/14/10
Another NYT Editorial in favor of Foreclosure Mods via Bankruptcy
http://www.nytimes.com/2010/10/15/opinion/15fri1.html?_r=1&th&emc=th
Posted 10/13/10
49 States sign Mortgage Foreclosure Joint Statement
http://www.naag.org/joint-statement-of-the-mortgage-foreclosure-multistate-group.php
Bank of America halts foreclosures in 50 states.
Posted 10/8/10
http://online.wsj.com/article/SB1000142405274870465730457553996360572086
0.html
BANKS THAT PROVIDED FALSE AFFIDAVITS TO COURTS REGARDING FORECLOSURES
Posted OCTOBER 4, 2010
<http://www.dailyfinance.com/story/credit/robo-signing-scandal-spreads-documents-show-citi-and-wells-also/19657686/>
GMAC'S RATINGS MAY BE DOWNGRADED
Posted September 26, 2010
The residential servicer ratings of GMAC Mortgage LLC might be downgraded as a result of problems with its foreclosure process that were reported this week.
GMAC disclosed this week it discovered employees had signed thousands of documents tied to foreclosures containing information they didn't personally verify even though they are required to do so by law.
Affidavits were signed by employees who didn't have first-hand knowledge about the accuracy of documents they were certifying.
GMAC FORECLOSURES ARE QUESTIONABLE
Homeowners may soon be entitled to wrongful foreclosure actions against lenders. Moreover, new owners that purchased foreclosed properties may find themselves with clouded titles. See the New York Times article listed above.
U.S. says bankruptcies reach nearly 5-year high
U.S. bankruptcy filings have reached the highest level since 2005, government data released on Tuesday show, as the economy slows and the unemployment rate hovers just below double digits. There were 422,061 bankruptcy filings between April and June,...
Jurisdiction
The bankruptcy court ruled that a debtor gets the benefit of the protection of a stay of bankruptcy even where debtor failed to comply with the requirements of Credit Counseling. Credit Counseling is not deemed a jurisdictional issue for purposes of starting a bankruptcy case.
