Recent Posts in Bankruptcy News Category
Posted on Oct 3, 2011 By Jacoby & Jacoby
After a steady increase over the past several years, the number of bankruptcy filings in the U.S. is finally on the decline, although this may not necessarily indicate that the economy is improving. ...
Continue reading "Fewer Bankruptcy Filings May Not Necessarily Indicate an Improving Economy" »
Posted on Sep 29, 2011 By Jacoby & Jacoby
The Los Angeles Dodgers filed for bankruptcy in a Delaware court on June 27 th , making it the third baseball team to file for bankruptcy in the past three years. Upon filing, the team was cleared to ...
Continue reading "Los Angeles Dodgers File for Bankruptcy" »
Posted on Sep 26, 2011 By Jacoby & Jacoby
Geoffrey Zakarian is a celebrity chef in his own right. He participates in four programs on the Food Network, including "Chopped", and has operated a number of high-profile restaurants over ...
Continue reading "Star Chef Geoffrey Zakarian Files for Bankruptcy" »
Posted on Sep 19, 2011 By Jacoby & Jacoby
Representative Rubén Hinojosa, a Texas congressman who is currently on the House Financial Services Committee, filed for personal bankruptcy earlier this year. According to court documents, ...
Continue reading "Texas Congressman Files for Bankruptcy" »
Posted on Aug 22, 2011 By Jacoby & Jacoby
Andre Rochat, chef and longtime Las Vegas restaurateur, filed for Chapter 11 bankruptcy on July 8 th , along with three of his businesses. Chapter 11 bankruptcy is a form of bankruptcy that involves a ...
Continue reading "Vegas Restaurateur Andre Rochat Files for Bankruptcy" »
Posted on Jul 28, 2011 By Jacoby & Jacoby
According to a report by the American Bankruptcy Institute, U.S. consumer bankruptcies have fallen 8% in the first half of 2011, as compared to the same time period in 2010. Last year, bankruptcy ...
Continue reading "Bankruptcy Filings Down in First Half of 2011" »
Posted on Mar 11, 2011 By Long Island Bankruptcy Attorney
Fewer businesses sought bankruptcy protection during February even as overall filings rose, suggesting that financial hardship still lingers among consumers. Also in DER, Innkeepers USA Trust is ...
Continue reading "Business Bankruptcies Fall" »
Posted on Mar 11, 2011 By Long Island Bankruptcy Lawyer
Studying medical bankruptcies in Massachusetts, whose recent healthcare reform was a model for national reform, researchers found that while new insurance rules increased the number of people who had ...
Continue reading "Healthcare Reform May Not Reduce Medical Bankruptcies, Study Suggests" »
Posted on Mar 11, 2011 By Long Island Bankruptcy Attorney
WASHINGTON -- Economists at the New York Federal Reserve have concluded that a controversial 2005 law backed by banks and credit card companies pushed more than 200,000 people into foreclosure and ...
Continue reading "New York Fed Economists Say Bush-Era Bankruptcy Law Fueled Over 200,000 Foreclosures" »
Posted on Mar 11, 2011 By Long Island Bankruptcy Lawyer
Federal mortgage modification programs aimed at keeping financially at-risk homeowners from being foreclosed on are instead fueling consumer bankruptcies in Florida, according to several housing ...
Continue reading "Flawed Mortgage Modifications Lead to Bankruptcies" »
Posted on Mar 3, 2011 By Long Island Bankruptcy Attorney
A recent Associated Press article on Google News suggested that fewer people may be buying homes, resulting in a depressed housing market. Just last year alone the sale of previously owned homes fell ...
Continue reading "Housing Market Continues to Decline" »
Posted on Jan 3, 2011 By Long Island Bankruptcy Lawyer
On December 23, 2010, then Governor David Patterson signed into law a new Bankruptcy Exemption Law. This change took effect on January 22, 2011. The new changes significantly increases the number of ...
Continue reading "New Bankruptcy Exemption Law Takes Effect" »
Posted on Dec 15, 2010 By Long Island Bankruptcy Attorney
Although we are coming out of the recession, unfortunately many families are still struggling. Unemployment is still incredibly high, and bankruptcy filings and foreclosures have increased quite a bit ...
Continue reading "Statistics Show Recession Recovery Is Slow" »
Posted on Dec 5, 2010 By Long Island Bankruptcy Lawyer
Between 2000-2004, New York was the state with the fewest number of bankruptcy filings. It was followed by Connecticut, New Hampshire, Vermont, Delaware, Massachusetts and North Carolina. Topping the ...
Continue reading "Bankruptcy Rates Among the States" »
Posted on Nov 25, 2010 By Long Island Bankruptcy Attorney
Everyone is aware that the United States has been in a recession. Unemployment has been high and spending has been low. New figures, however, make the recession even more scary. From June 2009 to June ...
Continue reading "U.S. Bankruptcy Filings Rise 20% in 2010" »
Posted on Nov 15, 2010 By Long Island Bankruptcy Lawyer
Metro-Goldwyn-Mayer, Inc., also known as MGM Studios, has filed for Chapter 11 bankruptcy in a federal court in Manhattan. The entertainment studio, which is famous for such movie classics as James ...
Continue reading "MGM Studios Files for Chapter 11 Bankruptcy" »
Posted on Jul 6, 2010 By Jacoby & Jacoby
The American Bankruptcy Institute (ABI) issued their report yesterday detailing statistics in the bankruptcy industry for the first half of 2010. The data shows a 14% increase in consumer bankruptcy ...
Continue reading "Consumer Bankruptcy Filings at Highest Level Since 2005" »
Posted on Jul 2, 2010 By Jacoby & Jacoby
The major changes that have been mandated by the Federal Reserve went into effect yesterday. Now, if you overdraft on your checking account, you can only be charged if you have given the bank ...
Continue reading "New Overdraft Banking Fee Regulations Now in Effect " »
Posted on Jun 24, 2010 By Jacoby & Jacoby
After strong gains in March and April, sales of previously built homes dropped in May. This is a sign that the federal tax credit introduced last year to energize sales may have sputtered out early. ...
Continue reading "National Home Sales Decrease in May, Dashing Hopes of a Quick Recovery" »
Posted on May 27, 2010 By Jacoby & Jacoby
The first-time home buyer tax credit program launched last year recently came to a close. We came across this article on CNBC.com that goes over the disappointing results. Click here to read the story ...
Continue reading "First Time Home Buyer Tax Credit Disappoints " »
Posted on May 20, 2010 By Jacoby & Jacoby
Have you been rejected for a credit card, car loan or store charge card in the past and wondered why? An amendment making its way to becoming a bill in senate will help consumers by providing them ...
Continue reading "Senate Votes To Provide Credit Scores to Consumers" »
Posted on Apr 22, 2010 By Jacoby & Jacoby
Despite receiving lower monthly payments through the government's loan modification program, the number of homeowners who have defaulting on their mortgages nearly doubled last month, according to ...
Continue reading "NY Times Reports a Rise in Defaults in Loan Modification Program" »
Posted on Apr 20, 2010 By Jacoby & Jacoby
Despite an improved employment picture, consumers faced increased economic difficulties in their lives, according to the Consumer Reports index for April. "This month we have the first real sign that ...
Continue reading "Consumer Reports Index: Job Market Improves But Consumers Still Face Economic Difficulties" »
Posted on Apr 15, 2010 By Jacoby & Jacoby
According to the Wall Street Journal, consumer bankruptcy filings in March were at their highest monthly numbers since 2005. You can read the story on WSJ.com here . Take our Bankruptcy Evaluation to ...
Continue reading "Bankruptcies on the Rise Again" »
Posted on Mar 11, 2010 By Jacoby & Jacoby
Thinking of filing for Bankruptcy ? You are not alone. According to the American Bankruptcy Institut e , over 111,000 consumer bankruptcies were filed in February 2010. This is a 14% increase when ...
Continue reading "Consumer Bankruptcy Filings on the Rise Already in 2010" »