Category Archives: Bankruptcy News

The National Consumer Law Center is now sponsoring an effort to change laws to prevent payday loan centers from using electronic bank transfers to receive payments from Social Security recipients. The center has drafted model regulations that would cap payday loan interest rates at 36 percent, and would require financial institutions to evaluate whether a […]

New York Yankees slugger Alex Rodriguez, who is rapidly closing in on hitting his 600th home run, appears to have one eye on on some other numbers, as he has filed a formal objection in the pending Texas Rangers bankruptcy case. The Rangers still owe A-Rod almost $25M in deferred compensation for the years he […]

Can a creditor avoid trouble with the bankruptcy court by claiming they never received notice of the case because the notices were sent with an incorrect nine-digit ZIP code? Not in New Hampshire, it turns out. The debtor in the Mosher case was so incensed that her homeowner association kept sending her bills and letters […]

Should employers be able to check up on their employee’s credit reports? A new proposal from Massachusetts state treasurer Tim Cahill would ban the practice in the Bay State. Cahill is running for governor as an independent, and as treasurer, he is not part of the legislature; hence, he would need to get a legislative […]

Bankruptcy is popular in Massachusetts, and getting more so. According to banking industry consultants the Warren Group, BKs are up 25 % in Massachusetts for the first half of 2010. “A total of 11,847 filers statewide sought protection under Chapter 7, Chapter 13, and Chapter 11 of the U.S. bankruptcy code in the first two […]

It’s never fun to write about other attorneys getting into serious problems, but the Boston Globe is reporting this morning that former Saugus attorney James Gregson is facing federal fraud charges relating to his own personal bankruptcy case. Prosecutors are alleging that Gregson bought the rights to winning lottery tickets, and then failed to report […]

There is no live baseball tonight, with MLB players still enjoying the All-Star break, but that doesn’t mean that there can’t be any action off the field. The Texas Rangers’ bankruptcy case has taken a couple of twists, and that could lead to the team being up for auction as soon as early August. One […]