What do you get when you cross the trillion-dollar home mortgage market with the loosest credit standards this side of Las Vegas? How about $11 billion in write-offs by one bank alone? And that’s just the beginning. Household Savings (HSBC) began unloading billions in non-performing home mortgages – a move that reflects the growing uptick...Read More
Bankruptcy: In re Builders Plumbing and Heating Supply Co., Inc., 03 B 49243 Chapter: 7 Adversary: Grochocinski v. Lederman, 05 A 02700 Issued: February 26, 2007 Judge: John H. Squires Trustee’s motion for partial summary judgment granted pursuant to Fed. R. Bankr. Proc. 7056 and Fed. R. Civ. Proc. 56 as to a 3rd party...Read More
The DCBA Bankruptcy Law & Practice Committee invites you to attend their upcoming seminar, Bankruptcy Abuse Prevention & Consumer Protection Act of 2005. The speakerwill be Glenn Stearns, Chapter 13 Bankruptcy Trustee. If you attend both the morning and sessions, the seminar will be worth five hours of MCLE! The topics covered will be: Eligibility...Read More
Marrama v. Citizens Bank of Massachusetts (02/21/07 – No. 05-996) Due to Chapter 7 Debtor’s “bad faith conduct” — failure to reveal all assets and misrepresentation of the value of assets — Bankruptcy Court denied the Debtor’s motion to convert to Chapter 13, This ruling sets up the issue of whehter a debtor’s right to...Read More
from the Bankruptcy Reader blog Why is America leading the world in bankruptcy filings? Is it our mind-set? Is it our need to acquire everything we didn’t have when we were younger?Each year, bankruptcy filings in the United States more than double the total number of filings during the entire Great Depression. A study done...Read More
