Bankruptcy Blog

A settlement reached between Countrywide Financial Corp. and a bankruptcy trustee in Western Pennsylvania could affect an investigation into the company’s mishandling of payments from bankruptcy trustees across the country.
Roberta DeAngelis, acting U.S. Bankruptcy Court Trustee for Delaware, New Jersey and Pennsylvania, filed court papers asking to modify an agreement proposed to resolve allegations that [...]

Democratic presidential candidate Senator Barack Obama is advocating changes to the current bankruptcy system in speeches on the campaign trail. Senator Obama recently unveiled some of his new bankruptcy ideas which include easing bankruptcy laws for elderly homeowners, disaster victims, military families, and other individuals who have become overwhelmed with debt.
One of Obama’s new provisions [...]