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Bankruptcy and Foreclosure News

• Senators looking into bankruptcy practices of nation's top mortgage servicers
  U.S. Senators Richard Blumenthal and Patrick Leahy are looking into the practices of some of the top mortgage servicers in the country regarding the servicers' policies on foreclosures in bankruptcy courts.   Read More . . .
  
  
  
• Lawyer, survey connect financial distress with health issues
  Financial distress and health issues could be connected and may be helped with bankruptcy law, according to John Skiba of the Skiba Law Group.   Read More . . .
  
  
  
• The bankruptcy filing process different for businesses, consumers
  Bankruptcy is different for everyday consumers than it is for businesses, but both are spurred by similar factors and can take place at different speeds.   Read More . . .
  
  
  
• Unemployment, foreclosures could cause bankruptcy filings to rise again
  If the unemployment rate and other economic indicators have any bearing on bankruptcy filings then the good news of a drop in bankruptcies may not last for very long.   Read More . . .
  
  
  
• Florida church files for Chapter 11
  A church in Walton County, Florida, recently filed for bankruptcy protection after nearly entering foreclosure.   Read More . . .
  
  
  
• Cruise company sold to Anschutz
  Anschutz Corp. recently won a bankruptcy auction bid to purchase Ambassadors International Inc., for approximately $39 million.   Read More . . .
  
  
  
• Borders may liquidate if not purchased
  Borders Group, which owns the recently-bankrupted book store chain, may be forced into liquidation if it cannot find a buyer soon.   Read More . . .
  
  
  
• Indiana hospital looks for help to avoid closing
  A Clarksville, Indiana, medical center is in talks with a venture capital firm to prevent liquidation next month.   Read More . . .
  
  
  
• Florida resort bankruptcy receives mediator
  A judge from Miami, Florida, was recently named mediator in a bankruptcy case between Sawgrass Marriott Golf Resort and Spa and Goldman Sachs Mortgage Co., the largest lender involved in the filing.   Read More . . .
  
  
  
• Iowa church files for Chapter 11
  A church located in Sioux City, Iowa, recently filed for Chapter 11 bankruptcy protection, saving it from being auctioned.   Read More . . .
  
  
  
• Tennessee bookstore to remain open amid bankruptcy
  A bookstore based in Memphis, Tennessee, is allowed to stay in business due to the approval of a new bankruptcy agreement.   Read More . . .
  
  
  
• Michigan trailer park files for bankruptcy
  A vacant trailer park in Ypsilanti Township, Michigan, recently filed for bankruptcy after its owner was approaching a deadline to demolish the property.   Read More . . .
  
  
  
• Hawaii hotel owners file for bankruptcy
  A nonprofit organization that owns a large hotel in Waikiki, Hawaii, recently filed for bankruptcy in order to prevent repossession.   Read More . . .
  
  
  
• Arizona hotel faces foreclosure
  A Tucson, Arizona, hotel currently faces foreclosure, and is attempting to reorganize in order to prevent a shutdown.   Read More . . .
  
  
  
• Alabama Hospital files for Chapter 11
  A hospital in Roanoke, Alabama, recently filed for bankruptcy protection after closing more than two weeks ago.   Read More . . .
  
  
  
• Windowizards owner files Chapter 7
  A Pennsylvania-based window-cleaning company's owner has filed for bankruptcy in Florida.   Read More . . .
  
  
  
• New York hotel owners told to file for bankruptcy
  Barton Hill Hotel owners Edward and Diane Finkbeiner have been told by New York State Supreme Court Justice Richard Kloch to file for bankruptcy, but the owners' lawyers are attempting to avoid such a fate by having a hotel company purchase some of the operation's shares.   Read More . . .
  
  
  
• Texas mall developer files for bankruptcy protection
  A Colleyville, Texas, shopping center developer filed for Chapter 11 bankruptcy this week after losing control of millions of dollars worth of property.   Read More . . .
  
  
  
• South Edge bankruptcy petition approved
  Las Vegas, Nevada, bankruptcy judge Bruce Markell approved an involuntary bankruptcy petition filed against South Edge, a Nevada-based housing developer, this week.   Read More . . .
  
  
  
• Illinois YMCA seeks Chapter 11 bankruptcy filing, cites insurance costs
  The McHenry County, Illinois, YMCA announced it filed for Chapter 11 bankruptcy this week, 50 years after opening its doors to the community.   Read More . . .
  
  
  
• Las Vegas bankruptcies, foreclosures continue in 2011
  Since the onset of the current fiscal downturn, Las Vegas, Nevada, has been among the areas in the country experiencing the highest levels of foreclosure and bankruptcy.   Read More . . .
  
  
  
• Former NFL safety faces tax troubles
  Julius Curry, a former safety for the Detroit Lions and the University of Michigan, is facing a number of tax troubles, according to recently-revealed records.   Read More . . .
  
  
  
• Las Vegas leads country in bankruptcies, foreclosures
  Nevada has been hit particularly hard by the recession as tourism to one of its main tourist attractions, Las Vegas, has continued to decline as consumers become more hesitant about spending their money.   Read More . . .
  
  
  
• Nevada restaurant entrepreneur files for bankruptcy
  The Vento Family Trust, owned and operated by a Las Vegas, Nevada, Italian restaurant entrepreneur, filed for Chapter 11 bankruptcy this week.   Read More . . .
  
  
  
• Sexy Hair Concepts files for Chapter 11 bankruptcy
  Sexy Hair Concepts, a California-based distributor of haircare products, filed for Chapter 11 bankruptcy this week.   Read More . . .
  
  
  
• Connecticut campground operator receives bankruptcy deadline
  Hyman Biber, the owner of Strawberry Park Campground now has two weeks left to file a bankruptcy claim on his business.   Read More . . .
  
  
  
• Florida synagogue may soon resolve bankruptcy
  An embattled synagogue in Florida is receiving some positive news about its bankruptcy filing, just in time for Hanukkah.   Read More . . .
  
  
  
• Arizona resort files for bankruptcy, avoids foreclosure
  Transwest Resort Properties, the Tucson, Arizona owner Westin HIlton Head Island Resort and Spa filed for bankruptcy on Monday in order to avoid foreclosure.   Read More . . .
  
  
  
• Madoff's former building owner files for bankruptcy
  The owner of the Lipstick Building, a Manhattan office skyscraper where Bernard Madoff ran his Ponzi scheme, has filed for bankruptcy.   Read More . . .
  
  
  
• Subprime mortgage company files for Chapter 11 protection
  Credit-Based Asset Servicing and Securitization filed for Chapter 11 bankruptcy protection in a New York courtroom on Friday.   Read More . . .
  
  
  
• Central Florida sees rise in bankruptcy
  Residents of the Sunshine State are making the trip to bankruptcy court in increasing numbers, according to new statistics.   Read More . . .
  
  
  
• Former Steeler's belongings set for bankruptcy auction
  Dermontti Dawson, a former Pittsburgh Steelers center and Hall of Fame candidate, is now putting his personal effects on the auction block after a costly bankruptcy.   Read More . . .
  
  
  
• Hawaii sees bankruptcy decline
  The number of residents filing for bankruptcy in the Aloha state fell below 300 in October.   Read More . . .
  
  
  
• Rochester county sees bankruptcy decline
  Rochester, New York, released new reports today, saying the county saw bankruptcy filings fall in October, part of an overall yearly decline.   Read More . . .
  
  
  
• Countrywide could face bankruptcy
  A new report released today suggests that Bank of American may consider a bankruptcy for one of its subsidiary companies.   Read More . . .
  
  
  
• Bankruptcy filings rise in Illinois
  President Barack Obama may be doing as much as possible to help struggling Americans; however, a new report suggests that his home state is among those still hurting in the wake of the current recession.   Read More . . .
  
  
  
• Texas country club files for bankruptcy
  A prominent country club in Garland, Texas that had been posted for foreclosure, filed for bankruptcy this week.   Read More . . .
  
  
  
• Prominent Philadelphia non-profit files for bankruptcy
  The Germantown Settlement, a social-service provider funded by taxpayers in Philadelphia, faces continued opposition in its effort to exit Chapter 11.   Read More . . .
  
  
  
• Owners of Pittsburgh hotel file for bankruptcy
  In an effort to stave off foreclosure, the owners of one of the biggest hotels in Pittsburgh have filed for Chapter 11 bankruptcy protection.   Read More . . .
  
  
  
• Investors are finding cheap real estate in bankruptcy court
  Real estate investors are always looking for a good deal, and lately they've been finding them in one unlikely place.   Read More . . .
  
  
  
• Homebuilder bankruptcy sends homes, lots to auction
  Four luxury model homes and another 56 lots in a Naples, Florida golf community are headed to court auction after their builder filed for bankruptcy.   Read More . . .
  
  
  
• Bankruptcy dispute leads to rotten meat fiasco
  An old bankruptcy filing finally became a big problem for one Nevada neighborhood.   Read More . . .
  
  
  
• Reality star facing bankruptcy
  Despite a new mansion and thousands of dollars spent in regular shopping sprees, one of the stars of Bravo's "The Real Housewives of New Jersey" and her husband owe creditors millions.   Read More . . .
  
  
  
• Lenders seeking money lost in foreclosures
  While some consumers might think that their financial troubles are finished after a foreclosure, that may no longer be the case.   Read More . . .
  
  
  
• Nation's economic stress falling
  One sign the economy may be improving is that the majority of the counties across the country are under considerably less financial stress than they were just a month ago.   Read More . . .
  
  
  
• Mortgage loan modification better option than foreclosure
  When it comes to protecting credit scores, consumers are taking more precautions. Choosing mortgage loan modifications over foreclosure is one way of doing so, financial website Bankrate.com reported.   Read More . . .
  
  
  
• Senate candidate's company files for bankruptcy
  A Tea Party U.S. Senate candidate's company has filed for bankruptcy protection.   Read More . . .
  
  
  
• Small Tampa hotels seeing rise in bankruptcies
  A significant number of small hotels in the Tampa Bay area are being forced to file for bankruptcy.   Read More . . .
  
  
  
• Lessons learned from General Motors' bankruptcy
  General Motors declared bankruptcy one year ago, and as one of the wealthiest and largest corporate entities in the U.S., its financial troubles captivated a massive audience. American taxpayers footed the $65 billion bill, and a few things were learned from that, according to the Wall Street Journal.   Read More . . .
  
  
  
• Indiana files suit against Ohio foreclosure company
  The Indiana attorney general is filing a suit against a loan modification firm on behalf of 600 homeowners in the state.   Read More . . .
  
  
  
• Mortgage loan modification deceptively harmful
  It might seem like a good idea to get a mortgage loan modification for a consumer struggling to keep their home and maintain their credit score but the truth is it isn't that simple.   Read More . . .
  
  
  
• Consumer credit defaults vary across industries
  Americans have had a contentious relationship with their finances since the economic downturn began. While they are improving in delinquency rates for some industries, the same can't be said for others, according to the S&P/Experian Consumer Credit Default Indices.   Read More . . .
  
  
  

These articles are all written by BankruptcyHome.com's great editors and contributors. If you would like to write articles for BankruptcyHome.com, please email editor[at]bankruptcyhome.com.

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