Tag Archive | "Bankruptcy"
What is a Mortgage Modification – 5 Common Questions Answered
A Loan Modification is a permanent change in one or more of the terms of a mortgagor’s loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford. Question 1: In utilizing the Loan Modification option to bring an asset current, can the mortgagee include all fees and corporate advances? Answer: [...]
Continue reading...KB Toys Bankrupcty Filing the Second in Two Years
Friday, December 12, 2008
The latest company to take a hit from the economy is KB Toys. KB Toys filed for bankruptcy for the second time in four years. The 80-year old company based in Pittsfield, Massachusetts, operates 460 stores including several in Arizona and reported total debt between $100 million and $500 million, with total assets in the [...]
Continue reading...Metropolitan Phoenix Ranks No. 1 in House Price Drop
Thursday, October 30, 2008
All cities are being hit with the plummeting of their housing market. Now metropolitan Phoenix is in the forefront of the list of cities which is according to the S&P/Case-Shiller Home Price Index. From August of last year to this year, the homes in the Valley dropped in price at about 30%. This drop in [...]
Continue reading...Chapter 13 Bankruptcy Advice
Friday, October 17, 2008
Making the decision to file a Chapter 13 Bankruptcy is a difficult one. This is especially true when you have other factors involved such as a potential divorce, children, or work instability.
Continue reading...Wamu Chapter 11 Bankruptcy Case
Friday, October 3, 2008
Lawyers for Washington Mutual Inc. and its bondholders stood before a Delaware bankruptcy court judge on Friday to haggle over assets – including $5 billion in cash – and set timelines for the organized downfall of what was once the nation’s largest savings and loan. On the first day of hearings in the Chapter 11 bankruptcy [...]
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Wednesday, December 17, 2008
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