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. [...]
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. [...]
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? [...]
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