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. The details of the bankruptcy case: "The Chapter 7 debtor scheduled an interest in real property that was subject to a [...]
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, a debtor desperate to keep the electricity on her home, forged a bankruptcy notice and sent it to the electric company. [...]
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. The Troy, Michigan-based company, which split off from General Motors in 1999, supplies mobile electronics and transportation systems, including power train, [...]
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 question when considering bankruptcy. You can probably guess what it is, but for the sake of ease, here it is: Can [...]
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: The debtor-husband formed a consulting company after being laid off from his job as a senior health care consultant at CNA [...]
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 is now operating in bankruptcy. According to Southwest officials, they're taking advantage of a good opportunity to grow by actively courting [...]
According to an article in the Star-Telegram , American Express and Discover credit card companies plan to eliminate their over-the-limit fees. The article said: "The two companies said separately Tuesday they will soon end the charges that have generated widespread criticism from consumers. The moves come before credit card regulations set to take effect in [...]
In the bankruptcy case of (Moffitt, Donald E. and Phyllis J.; In re (Mof¬fitt v. America's Servicing Co.)), the bankruptcy court allowed the debtor to file a claim against a mortgage servicer because of undisclosed fees and charges. The details of the bankruptcy case: In this Chapter 13 bankruptcy case the debtor's bankruptcy plan included [...]
In the bankruptcy case of Morrison, F. Joseph; In re (Morrison v. Amway Corp, a Chapter 7 bankruptcy debtor is allowed to file compliant against Amway during his case despite Amway's motion to dismiss the complaint. The details of the bankruptcy case: "The Chapter 7 debtor was a former dis¬tributor for the Amway Corporation. In [...]
According to an article in the Star-Telegram , Federal authorities are creating a foreclosure fraud task force to investigate scams that continue to contribute to the economic crisis and the growing tide of foreclosures. The article said: "The task force will focus on "foreclosure rescue" schemes and "short sale" schemes. Foreclosure rescue schemes prey on [...]