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Tag Archives: Bankruptcy

Exploring the Effects of Bankruptcy on Borrowers

While some may see bankruptcy as the end of their credit, studies show that this isn’t the case. Some borrowers can rebuild their credit and take out loans and mortgages in as little as a year following bankruptcy.

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Clarifying Contested Foreclosures After Bankruptcy

foreclosures

Florida Governor Rick Scott recently signed off on Senate Bill 220, a new law addressing the property rights of defendants pertaining to bankruptcy and foreclosure proceedings. DS News spoke to representatives from several Florida-based Legal League 100 law firms to ...

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Bankruptcy Judge Backs Lehman Brothers in RMBS Suit

A New York bankruptcy judge has ruled that Lehman Brothers Holdings, Inc. will have to pay around $2.4 billion to investors in order to settle disputes over toxic residential mortgage-backed securities (RMBS) sold by the bank during the financial crisis. ...

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Potestivo & Associates, Appoint Supervising Bankruptcy Attorney

Rochester, Michigan-based law firm, Potestivo & Associates, P.C., has announced the appointment of Brenda Likavec, as Supervising Bankruptcy Attorney in their Chicago office. Likavec joined the team of 25 attorneys in January 2018.   Prior to her role at Potestivo & ...

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Ohio Courts Could Change Course for Chapter 13 Bankruptcy

Editor's note: This story was originally featured in the January issue of DS News, out now. In a Chapter 13 bankruptcy, debtors have the ability to modify their mortgages. A modification is generally called a “cram down” and it occurs when a ...

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Breaking Down Bankruptcy and Top Servicer Challenges

Managing bankruptcies is a complicated process with multiple nuances, and many servicing systems are not equipped to meet the specific compliance requirements surrounding pre-and post-petition payment application and treatment.

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Could There Be Racial Disparities in Bankruptcy?

A new report looked into the possibility of racial disparity in bankruptcy filings by both ZIP codes and the chapter of choice in which the bankruptcies are filed. Take a look at the findings here.

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Index Reveals a Rise In Foreclosure Activity

A recent report tracked bankruptcy, foreclosure, consumer confidence, and other data finding that foreclosures are increasing—and bankruptcies could be close behind.

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