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As revelations about the banking industry's behavior during the housing boom and the subsequent foreclosure crisis continue to emerge, federal regulators are considering a wide array of potential new regulations. Not only must they find a solution to the epidemic of...
The House Oversight Committee met today to discuss progress in resolving the collapsed housing market, the foreclosure crisis, and the banks and mortgage servicers accused of shoddy foreclosure practices. In this first hearing of the year, lawmakers from both parties...
The two main Chapters of bankruptcy law that consumers use, Chapter 7 and Chapter 13, each have their pros and cons. In a Chapter 7 personal bankruptcy, all or most of your both secured and unsecured consumer debt is eliminated, but you could lose some of your assets,...
The U.S. Supreme Court recently issued its ruling in a Chapter 13 bankruptcy case where the debtor wished to deduct reasonable expenses for car ownership from his projected disposable income for the purposes of his Chapter 13 bankruptcy repayment plan. A deduction for...
Back on October 5, we reported on arguments before the U.S. Supreme Court about whether certain expenses could be deducted when making the disposable income calculation for a Chapter 13 bankruptcy repayment plan. The case argued before the court in October involved a...
Confirming recent trends, a new analysis shows that the U.S. Bankruptcy Court for the Middle District of Florida, which handles cases for Orlando, Jacksonville, Fort Myers, Tampa and surrounding areas, had the second-largest number of bankruptcy filings in the nation...
As we reported last week, consumer bankruptcy filings nationwide reached a five-year high in 2010. The same trend carried through in Central Florida, with 66,618 Chapter 7 and Chapter 13 filings last year in the U.S. Bankruptcy Court for the Middle District of...
New numbers released by the American Bankruptcy Institute show that the number of American consumers filing for bankruptcy reached a five-year high in 2010. The data, compiled by the National Bankruptcy Research Center, showed that around 1.53 million people filed...
People facing the possibility of home foreclosure often find themselves in a difficult emotional state. According to the Florida Attorney General's Office, one Florida loan modification company has been making it worse. According to ABC's wpbf.com, American Home...