Michael Lee Wilson could have 10 years removed from his 20 year sentence if his bankruptcy comes up with $2 million for his victims. Back in October, Michael Lee Wilson Pleaded guilty to 59 felony counts of grand theft, because he had been scamming people through his mortgage company, Pacific Coast Mortgage, for several years. [...]
In the bankruptcy case DiMare, Donna M.; In re (DiMare v. Ameriquest Mortgage Co., et al.), the debtor filed Chapter 13 bankruptcy and sued their original mortgage lender under the Truth In Lending Act. The bankruptcy court sided with the lender and issued a summary judgment in the lender's favor. The details of the bankruptcy [...]
Auto dealership mogul Denny Hecker has been sued by bankruptcy trustee Randy Seaver who accuses Hecker of lying, fraud and scheming to conceal cars, cash, property and other assets from the bankruptcy court. If Seaver has his way, Hecker won't be allowed to use the protection of bankruptcy court to shield assets and escape the [...]
According to an article in the Star-Telegram, American Corrective Counseling Services, a debt collection company has agreed to a $2.55 million judgment to settle a lawsuit brought by thousands of debtors who claimed they were wrongly led to believe they had to pay costly fees to avoid criminal charges for bouncing checks. The article said: [...]
According to an article in the Associated Press, the nation's largest construction subcontractor, Building Materials Holding Corp., will pay nearly $475,000 to a group of construction workers under a legal settlement approved by the bankruptcy judge overseeing the company's Chapter 11 proceedings. The article said: "The lawsuit accused the company and its subsidiaries, including San [...]
Threatened or impending lawsuits can often prompt consumers on the verge of financial disaster to take a serious look at something they've been trying to avoid--declaring bankruptcy. Many just want to know whether filing for bankruptcy means they can stave off a costly lawsuit. Unfortunately, there is no black and white answer. Instead, consumers have [...]
In the bankruptcy case of de la Fuente, Antoinette and Lenord; In re (De la Fuente v. Wells Fargo Bank), the bankruptcy court denied the lender's motion for entry of a final judgment. The details of the bankruptcy case: When Wells Fargo Bank imposed fees on the Chapter 13 debtors' account, the debtors accused the [...]
In the bankruptcy case of (Martinez, Erasmo; In re, (Bankr. S.D.N.Y. 2009)) the bankruptcy court ruled that the Chapter 13 bankruptcy debtor could reduce the amount of a claim secured by an automobile purchased more than 910 days before filing bankruptcy. The details of the bankruptcy case: The Chapter 13 bankruptcy debtor proposed a plan [...]
According to an article at KFoxTV, credit counseling/debt settlement companies are using deceptive practices to con credit card consumers by giving the impression that they are calling from a credit card company and offering "lower credit card interest rates." The article said: "Vasquez has received a number of calls on his cell phone playing recordings [...]
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 measure that would have required lenders to reduce monthly payments for those homeowners going through bankruptcy. Support for the new legislation [...]