2777 Stemmons Freeway Suite 1300 Dallas, Texas 75207 • Call Us At 1-800-989-9999

Category Archives: Bankruptcy Cases and Legislation

Failure By Mortgage Companies To Modify Mortgages May Reawaken Bankruptcy Cramdown Legislation

Published on October 15, 2009 by Kathleen Munden

According to an article in the Journal of the American Bankruptcy Institute, the failure by mortgage companies to pursue voluntary modifications of mortgages may renew the push to allow judges to modify mortgages within bankruptcy cases. Since the “Home Affordable Mortgage Program” (HAMP) went into effect in March 2009, only about 360,000 homeowners have [...]

Bankruptcy Filings Reach 2005 Levels

Published on August 5, 2009 by Kathleen Munden

According to the American Bankruptcy Institute, consumer bankruptcy filings reached 126,434 in July 2009, the highest monthly total since the rush of filings that occurred before the Bankruptcy Abuse Prevention and Consumer Protection Act was implemented in October 2005. The data came from the National Bankruptcy Research Center (NBKRC). The July 2009 consumer filing total [...]