Category Archives: Bankruptcy News

New Hampshire bankruptcy filings continue to climb in 2010

By doug | Published: April 19, 2010

There is no end in sight to the increase in bankruptcy filings in New Hampshire. The Nashua Telegraph reports that there were 584 filings in the month of March 2010, 79 cases more than thiose filed in March 2009. All but 13 of the cases were personal bankruptcies. If you live in New Hampshire, I […]

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A new bankruptcy judge for Massachusetts

By doug | Published: April 16, 2010

The bankruptcy court in Massachusetts has a new judge, following the retirement of Bankruptcy Judge Joel B. Rosenthal. The new judge is Melvin S. Hoffman, perviously a bankruptcy lawyer in private practice. According to the court’s press release, “Mr. Hoffman received a Bachelor of Arts degree from Yeshiva University and a J.D. degree from Syracuse […]

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Economic outlook points to another wave of bankruptcies

By doug | Published: April 16, 2010

Pete Stolcers isn’t a bankruptcy attorney, or any sort of lawyer for that matter; he is a speculator who trades options on the New York and Chicago exchanges. As such, he keeps a keen eye out for any subtle hints on future economic trends. Here is a snippet from his latest newsletter: “Foreclosure rates in […]

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No free credit reports at FreeCreditReport.com

By doug | Published: April 15, 2010

Besides their asinine jingles, there is now another reason to avoid the odious website known as FreeCreditReport.com — it’s no longer free. Of course, it never really was free. To get anything of value off the site always required a subscription that cost about $15. But now it’s really not free; even the worthless basic […]

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Bank bosses refuse to consider modifying mortgages

By doug | Published: April 14, 2010

Just in case you were wondering why there has been a rash of bankruptcy filings in the Merrimack Valley and elsewhere, look no further than the stubborn refusals of the major banks to modify underwater mortgage loans. Just yesterday, the chiefs of Citi, Chase, Wells Fargo and Bank of America testified before Congress, and told […]

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Home equity loans are a ticking time bomb in the banking sector

By doug | Published: April 13, 2010

Thinking about filing for bankruptcy? If so, you might want to ponder who has it worse off in our current economy — the debtors or the creditors? Ridiculous question, you say? Perhaps, but in law it is always worthwhile to examine cases and situations from your adversary’s point of view. When debtors get pestered with […]

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Massachusetts may be able to keep the unemployment checks coming

By doug | Published: April 8, 2010

Thousands of laid-off Massachusetts workers may be able to keep their unemployment benefits after all, averting — at least for a month — a new wave of bankruptcy filings. Although the federal benefits were set to expire this week, a Massachusetts state law has been invoked that will keep the checks flowing until May 2nd. […]

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Bank of America promises speedy mortgage response — can they do it?

By doug | Published: April 7, 2010

For thousands of years, the banking business has been built on the idea of people keeping promises. Will Bank of America be able to keep the one they made yesterday? Bank of America announced a pledge to answer consumer queries about their mortgages wihin three days. According to Bloomberg News, the pledge is in response […]

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Thousands of Massachusetts residents lose jobless benefits

By doug | Published: April 6, 2010

Thousands of Massachusetts residents lost their jobless benefits yesterday. If the federal benefits are not restored, these people may not get a check this week. Eventually, many may seek bankruptcy protection if they are unable to pay for bills and necessaries. The Boston Globe said that “one in 10 workers in Massachusetts was unemployed in […]

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Is Citi harrassing you, or refusing to modify your loan?

By doug | Published: April 1, 2010

If you are having problems with trying to modify a Citi  mortgage, or with Citi Bank collectors harassing you for credit card payments, why not try to talk things over with the owners? Turns out the largest owner of Citi — for now, anyway — is, you guessed it, the American people. As part of […]

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