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Blog Posts in September, 2011

Los Angeles Dodgers File for Bankruptcy

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 ...
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Star Chef Geoffrey Zakarian Files for Bankruptcy

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 ...
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Disorganization or dishonesty? Lenders are making it difficult to get straight answers

As it is, mortgages are complicated. They become far more complicated when borrowers fall behind on their payments. Banks routinely transfer the notes underlying a property. Fees and charges stack up, ...
Continue reading "Disorganization or dishonesty? Lenders are making it difficult to get straight answers" »

Texas Congressman Files for Bankruptcy

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, ...
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Lawsuit Loans: Unregulated and Presenting Serious Risks for the Injured

The business of lending to plaintiffs has increased over the past 10 years, with estimates that the industry is now lending more than $100 million every year. In most of the U.S., lawsuit lending ...
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Will the big banks ever be held accountable?

Many Americans are aware that banks have been less than fair in their handling of foreclosures. They foreclosed when they could have modified. They filed false court documents. Though there were ...
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Lessening the Impact Bankruptcy Has on Your Credit Score

Although it is certainly true that bankruptcy may negatively affect a filer's credit score, sometimes for years after the discharge, there are steps that a debtor can take to lessen the impact. ...
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Banks Rushing to Foreclosure 99% of the Time

Sheila Bair, former chairwoman of the Federal Deposit Insurance Corporation (FDIC) revealed some interesting information and opinions during her exit interview with The New York Times. Bair called ...
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Home sales are strong in Las Vegas - but why?

Although home sales are currently on the rise in the Las Vegas area, this is mostly due to distressed sales, whether bank-owned properties or short sales. Considering the high number of delinquent ...
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