Congress Passes Anti-Foreclosure Bill
According to an article from the Associated Press, Congress sent legislation to the President earlier this week that would encourage lenders to save homeowners from foreclosure. The lending industry helped block an earlier, tougher...
Altered Mortgage Document Ruled Invalid by Bankruptcy Court
In the bankruptcy case of Kurak, Debra A.; In re (Agin, Trustee, v. South Point Inc.), a mortgage was ruled invalid by the bankruptcy court because it was materially altered prior to the filing....
Forging Bankruptcy Papers Could Land You in Jail
We've talked a lot about fraud and bankruptcy and how it could jeopardize a debtor's bankruptcy case; but some debtors have taken their fraud attempts one step further. In a suburb of Pittsburgh, Pa,...
Lenders to Take Over Delphi’s Helm
Things may be looking up for Delphi Corp., which recently announced a deal reached with a group of lenders who made a successful bid to take over control of the bankrupt auto parts supplier. ...
Can a Non-Citizen File for Bankruptcy?
I Am Not An American Citizen, Can I File Bankruptcy? A noncitizen of the United States may be able to file for bankruptcy in America. Noncitizens of the United States often have the same...
Dissolution of Company Ruled as Malicious
In the bankruptcy case of (Blackburn, Richard and Victoria; In re (Muscarello v. Blackburn)), the bankruptcy court ruled that the plaintiff's claims could not be discharged in bankruptcy. The details of the bankruptcy case:...
Bankruptcy Newsroom: Southwest Hopes to Acquire Bankruptcy Rival, Frontier Airlines
The Dallas Morning News ran an article stating that Southwest Airlines Co. will bid $113.6 million to buy Frontier Airlines Holdings Inc., a rival airline known for its low costs and low fares that...