Posts Tagged ‘bankruptcy
Personal bankruptcy filings decline for fourth straight month
Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Personal bankruptcy filings fell in October, marking the fourth straight month of declines. The drop came as households cut their use of credit both by choice and force. In October, there were 106,255 personal filings, 19.6 percent lower than the same period [...]
Greece hit by new downgrade, EU ponders more help
Two major credit agencies signaled their concern about Greece’s massive debt on Monday, lending new credence to the view that European authorities must do more to help the country a year after it barely avoided bankruptcy with a bailout. View full post on All Stories
Greece hit by new downgrade, EU ponders more help
Two major credit agencies signaled their concern about Greece’s massive debt on Monday, lending new credence to the view that European authorities must do more to help the country a year after it barely avoided bankruptcy with a bailout. View full post on All Stories
Fair Game: Homework Regulators Aren’t Doing
A bankruptcy court judge in Louisiana imposes sanctions against Lender Processing Services, which provides payment software to much of the mortgage servicing industry. View full post on All Stories
Re-Entering the Housing Market After Foreclosure or Bankruptcy
When the global credit markets started freezing up in late 2007 and 2008, many homeowners and real estate investors found themselves in the unfortunate position of owing more on their mortgage than their property was worth. Millions of homeowners… Ted Spradlin April 08, 2011 View full post on All Stories
Everglades on the Bay owner gets $90M loan
The company that scooped the remaining condo units in Miami’s Everglades on the Bay out of bankruptcy litigation has secured a $90 million mortgage. RW 244 Biscayne RES, an affiliate of private equity firm Rockwood Capital LLC, obtained the loan March 24 from German American Capital Corp., according to Miami-Dade County Circuit Court records. The [...]
Do-It-Yourself Bankruptcy
According to recent statistics, around 970, 000 bankruptcies have been file under the United States Federal court between the months of June 2007 to June 2008. Families and individuals encountering different kind of difficult financial situations consider this option of discharging their debts. By opting to do-it-yourself bankruptcy filing, one is able to save at [...]
Feds probe salaries at bankrupt Crystal Cathedral
A federal bankruptcy official is questioning the compensation of three employees of Orange County’s Crystal Cathedral, including a six-figure housing allowance for its chief financial officer and the salaries of two relatives of founding pastor Robert H. Schuller, according to media reports Wednesday. Read comments View full post on All Stories
Subprime mortgage pioneer C-Bass files bankruptcy
C-Bass, a pioneer in the packaging of subprime mortgages into securities that investors could buy, filed for Chapter 11 protection, three years after a restructuring was designed to keep it out of bankruptcy. View full post on All Stories
Takefuji to file for bankruptcy Tuesday: sources
Japan’s Takefuji Corp <8564.T> plans to file for bankruptcy on Tuesday with $5.2 billion in debts, sources said, making it the biggest consumer lender to fail under the weight of court-ordered interest repayments and tighter lending rules. View full post on All Stories
