Archive for May, 2010

Disney World Home Not All Fun & Games

Bankruptcies in the Orlando-area have soared to record levels, powered by the worst recession and highest unemployment seen in this country in a generation. Central Florida is experiencing one of the longest and steepest housing slumps anywhere in the nation and is currently on pace to set a Read more…

Despite Low Mortgage Rates, Many Won’t Be Able to Refinance

http://www.dailyfinance.com/story/credit/many-people-who-try-to-refinance-wont-be-able-to/19490664/?sms_ss=email

Congress Takes on College Debt Issue

It has long since been known that student loans and other forms of educational loans cannot be discharged in a bankruptcy (unless “undue hardship” can be proven). This might change, however, depending on how congress tackles the current issue at hand. A recently proposed legislation introduced by several Read more…

Texas Rangers May Run Into Involuntary Bankruptcy Filing

Sale of Texas Rangers Hinges on Approval of 40 Creditors—MLB May Seize Team and Complete Sale Behind Creditors Backs The Texas Rangers have been trying to steal third on their debt obligations.  Their current sale by Hick Sports Group to Rangers Baseball Express has been stalling since January Read more…

Duchess “Fergie” Faces Possible Bankruptcy

Duchess Sarah Ferguson is, according to MailOnline.com, on the verge of financial collapse, facing an economic meltdown, virtually broke. Fergie’s company, Hartmoor, failed with debts of £650,000 (approximately $960,000) in October 2009. The erstwhile Royal is currently facing a High Court action for unpaid bills amounting Read more…

Massey Energy Company Buys Pennsylvania Mine in Controversial Bankruptcy Sale

A U.S. Bankruptcy Judge approved the sale of a West Pennsylvania Mine despite picket signs lurking outside the courthouse.  Miners of the former Mathies Mine protested Massey Energy’s poor track record on safety.  The protesters were successful in having their voices heard by the bankruptcy judge, who delayed Read more…

Mortgage delinquencies surge to a record

http://www.msnbc.msn.com/id/37232151/ns/business-real_estate/from/ET Read more…

Don’t clean out that 401k!

When times get tough, especially if coupled with a job loss, it can be tempting to go to any measure possible to survive.  Paying the mortgage (if you are going to keep the house), eating and fueling the cars are necessities, but the absolute worst “solution” for keeping creditors at bay, short of borrowing from […]

Chapter 7 Bankruptcy Filings, March 2010

Chapter 7 bankruptcy filings in the Riverside County Bankruptcy Courthouse for March 2010 continue to be high, with both Riverside and San Bernardino County cities in the top ten for the Inland Empire. According to research done by a leading bankruptcy law firm in the area, the cities with the most Chapter 7 bankruptcies in […]

California Bankruptcy Numbers Place State 8th Highest, Per Capita

Although California has the highest total number of bankruptcies in the country, the per capita bankruptcy filing numbers place it 8th highest among all states. From the Orange County Register, online: “California had more than bankruptcy filings per 1,000 residents for the 12 months ended March 31, according to the U.S. Bankruptcy Court. That ranks the […]