Bankruptcy Blog Archives

First in a series: Examining the interplay among bankruptcy, historical forces and baby steps of the seemingly emergent, struggling Recovery March 11, 2011 By Mike Hinshaw When the Fat Lady of the Great Recession finally sang, it was less an aria and more a whimper–so quiet, in fact, that when the National Bureau of Economic [...]

Being upside down on the ownership of a home in our current marketplace seems to be the rule rather than the exception. When a homeowner gets upside down and has a high interest mortgage to boot, it doesn’t take much for the homeowner to get discouraged and want to leave their problems behind, especially if [...]

This personal bankruptcy story was posted on the internet in February of 2011 as comments in a bankruptcy discussion: “Judgment against homestead owner — Lien on excess value of homestead property. A judgment against the owner of a homestead shall become a lien on the value of the homestead property in excess of the homestead [...]

The 2010 tallies are in. According to an article written for CNNMoney.com by Les Christie and posted  January 13, 2011, “Foreclosures were at a record high in 2010, and more than 1 million people lost their homes, even as notices started leveling off during the end year. In total, there were nearly 2.9 million foreclosure [...]

This bit of news came from a blog in December of 2010 from a forum discussion on bankruptcy: Next year could very well be a peak year for foreclosures, says Rick Sharga, a senior vice         president at RealtyTrac, an online marketplace for foreclosure properties. The market is       expected to tally about 1.2 million [...]

The number of Americans filing for personal bankruptcy is up by 17% in 2010 and rose by nearly a third in 2009, a surge largely driven by foreclosures, credit card abuse, and job losses. Overall, personal bankruptcy filings hit 1.41 million last year, up 32% from 2008, according to the National Bankruptcy Research Center. Chapter [...]

According to excerpts taken from a news article posted in the San Francisco Chronicle, dated September 2, 2010 and written by Victoria Colliver, an Alameda County report showed home foreclosures were related to creating health problems. Colliver wrote, “The report found foreclosures have not only economic consequences, but create health problems for the people and [...]

Phoenix, Arizona, has the seventh highest home foreclosure ranking out of the top 100 cities in the United  States. Arizona homeowners have seen their homes values decrease significantly over the past several years. As Arizona residents lose their jobs, face increased medical costs or experience any other type of financial crisis, they are not able [...]

A recent article in the New York Times said that the U.S. Treasury Department projects that by mid June of this year the value of the homes of 5.1 million homeowners will be less than 75 percent of what they owe on the mortgage. Some are suggesting that this may be the magic number that [...]

Foreclosure notices sent to more families. Chapter 13 bankruptcy can stop the foreclosure process and save your home.