All Posts Tagged With: "Bankruptcy Abuse Prevention and Consumer Protection Act"
Foreclosures: Bankruptcies Rise 35%
The court system is reporting a massive rise in bankruptcies, a sure-fire indicator of foreclosure activity.
In the 12-month period ending June 30, 2009, there were 1,306,315 bankruptcy cases filed, according to statistics released by the Administrative Office of the U.S. Courts. That’s a 35 percent increase compared to filings for the 12-month period ending June [...]
Is It Time To Take The Tilt Out Of Bankruptcy?
Almost 30 years have passed since the Bankruptcy Reform Act of 1978, a time when mortgages typically had a fixed-rate and unchanging monthly costs. Back then — and until 2005 — if you ran into financial trouble bankruptcy provided a way out and a fresh start.
But in 2005 declaring bankruptcy — something that was never [...]
4Oct2008 | Peter G. Miller | 3 comments | Continued
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