A new report by The Warren group shows that Connecticut’s personal bankruptcy filings increased by 66 percent last year over 2007 figures. This parallels increases around the country. 5,676 filings were recorded in 2008 for Chapter 7 bankruptcy protection in Connecticut, compared to 3,417 in 2007. Despite the increase, the 2008 numbers are still well [...]
February 2009
Wisconsin should require mandatory mediation in mortgage foreclosures,
image credit: dreamstime One of the many problems with Mortgage loan modifications is, the bank virtually always forces homeowners to give up their rights, under consumer protection laws, to sue the mortgage company. In other words, say there were Truth in Lending law violations committed against you by your mortgage company. Now, in order [...]
Must creditors be paid in less than 5 years in a 100% chapter 13 plan? We don’t yet know.
The mortgage industry is putting huge amounts of money behind their efforts to defeat the “Helping Families Save Their Homes in Bankruptcy Act of 2009”. The industry (which got us into what has mushroomed into a world-wide financial collapse) and their supporters are warning of dire consequences if the legislation that will allow Chapter 13 [...]
What do President Obama, Vice President Biden, NY City Mayor Michael Bloomberg, former Republican Secretary of Housing and Urban Affairs Jack Kemp, Citigroup, the National Association of Home Builders and the AARP all agree on? They agree that the “Helping Families Save Their Homes in Bankruptcy Act of 2009” should be passed as soon as [...]
