Is the HAMP Program Really Helping People?

March 15, 2011 No comments yet

Yes, while the program got off to a rough start, the Treasury Department now reports that HAMP has been running fairly steady over the past six months, with roughly equal numbers of trial modifications begun and permanent modifications granted. Originally, the program was expected to keep between 7 and 8 million homeowners out of foreclosure. […]

More People Are Filing Bankruptcy

December 22, 2010 No comments yet

The Wall Street Journal reported that the recession has affected everyone and that the number of people filing for bankruptcy over 2010 was expected to reach more than a million and half Americans. Since the recession, it has become more common for filers to earn more than $30,000 per year and have a college degree. […]

Massachusetts Chapter 7 Bankruptcy Update: Changes To The Median Income For Means Test

April 15, 2010 1 comment

On March 15, 2010 the U.S. Census Bureau changed their Median Family Income figures. This will effect anyone filing for Massachusetts Chapter 7 bankruptcy after March 15, 2010. The new Median Family Income figures will be used for the Means Test to determine eligibility for Chapter 7 bankruptcy. What is the Chapter 7 Means Test? […]

Xerium Technologies Files For Pre-packaged Bankruptcy – Update – RTT News

March 30, 2010 Comments Off on Xerium Technologies Files For Pre-packaged Bankruptcy – Update – RTT News

Xerium Technologies Files For Pre-packaged Bankruptcy – Update
RTT News
The company would implement a pre-packaged reorganization plan under Chapter 11 of the US Bankruptcy Code in the Bankruptcy Court for the District of
Xerium files "pre-packaged" bankruptcyReuters
Xerium files for bankruptcyNews & Observer
The Daily Docket: Lehman Wants Claims CutWall Street Journal (blog)
MarketWatch (press release)
all 25 news articles »

NXP’s Junk Debt Soars 16.5 Times as Bankruptcy Concern Subsides – BusinessWeek

March 30, 2010 Comments Off on NXP’s Junk Debt Soars 16.5 Times as Bankruptcy Concern Subsides – BusinessWeek

NXP's Junk Debt Soars 16.5 Times as Bankruptcy Concern Subsides
BusinessWeek
worst recession since the 1930s, has soared as bankruptcy concerns have faded, said Ping Zhao, debt-research analyst at CreditSights Inc. in New York.

and more »

Local firm with noble national mission seeks bankruptcy – Tampa Tribune

March 30, 2010 Comments Off on Local firm with noble national mission seeks bankruptcy – Tampa Tribune

Local firm with noble national mission seeks bankruptcy
Tampa Tribune
But this small Apollo Beach-based charity filed for bankruptcy protection last week, leaving some rural communities around the country wondering about the

and more »

WaMu, Pacific Ethanol, Lehman, Xerium: Bankruptcy – BusinessWeek

March 30, 2010 Comments Off on WaMu, Pacific Ethanol, Lehman, Xerium: Bankruptcy – BusinessWeek

TopNews United States

WaMu, Pacific Ethanol, Lehman, Xerium: Bankruptcy
BusinessWeek
(This report contains items about companies both in bankruptcy and not in bankruptcy. Updates Washington Mutual and Pacific Ethanol; adds Xerium in New
Pacific Ethanol plans to pull plants out of bankruptcy by July (30 Mar 2010)New Energy Matters (subscription)
Pacific Ethanol unit files reorganization planReuters
Pacific Ethanol and subsidiaries file plan of reorganizationTrading Markets (press release)
Sacramento Business Journal –Fresno Business Journal –KMJ Now
all 45 news articles »

Emeritus/Blackstone Joint Venture Appointed “Stalking Horse” Bidder in Sunwest … – MarketWatch (press release)

March 30, 2010 Comments Off on Emeritus/Blackstone Joint Venture Appointed “Stalking Horse” Bidder in Sunwest … – MarketWatch (press release)

Emeritus/Blackstone Joint Venture Appointed "Stalking Horse" Bidder in Sunwest
MarketWatch (press release)
The purchase and sale agreement still remains subject to final bankruptcy court approvals and finalization of loan modifications with secured creditors.
Court Approves $1.3B Bankrupt Sunwest SaleGlobeSt.com

all 13 news articles »

BANKRUPTCY HEARING: Conflict Concern In Case – NWAOnline (subscription)

March 30, 2010 Comments Off on BANKRUPTCY HEARING: Conflict Concern In Case – NWAOnline (subscription)

BANKRUPTCY HEARING: Conflict Concern In Case
NWAOnline (subscription)
Bankruptcy trustee John T. Lee recently asked the court to hire Lindsey Management Co. to oversee rental property owned by John David Lindsey,

and more »

Use bankruptcy courts, not financial regulation – Deseret News

March 30, 2010 Comments Off on Use bankruptcy courts, not financial regulation – Deseret News

Use bankruptcy courts, not financial regulation
Deseret News
Ronald Reagan considered those nine words the most terrifying in the English language. And the government has been offering a lot of such

and more »


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