Category Archives: Bankruptcy News

New credit card rules going into effect

By doug | Published: February 21, 2010

As the new credit card rules passed by Congress are slated to go into effect on February 22nd, consumers should be on the alert for loopholes in the law. For example, although interest rates on existing balances are no longer supposed to be arbitrarily raised, there is no actual federal cap on high high the […]

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Americans finally catching up on their mortgages

By doug | Published: February 20, 2010

Americans may be finally catching up on their late mortgage payments — or at least may not be falling behind quite so fast. The number of homeowners who have missed a payment but are not yet in foreclosure dropped last month for the first time since 2007. More than 15% of home owners have either […]

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Federal mortgage relief program is a complete failure

By doug | Published: February 18, 2010

The U.S. government’s mortgage relief program has helped only 12 percent of the homeowners who have signed up in the year it has been available, according to the Boston Globe. According to Valparaiso University law professor Alan White, “I would say it’s a complete failure at this point.’’ Large banks also have huge volumes of […]

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The Tug of war between foreclosures and loan modifications

By doug | Published: February 12, 2010

It looks like foreclosures are winning out over loan modifications, as banks remain more likely to seize real estate, in place of bargaining over it. Bloomberg News reports that one house out every 409 in the United States received some sort of foreclosure warning letter in the past month. Michelle Meyer, an economist in New […]

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Home price insurance program

By doug | Published: February 3, 2010

Would you be intersted in an insurance plan that would cover you if the price of your house went down? Northeastern University dean Barry Bluestone has come out in favor of an interesting type of proposed stimulus program to jumpstart the real estate market: he wants the federal government to sell insurance to home buyers […]

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Government mortgage relief program to finally get some traction?

By doug | Published: January 28, 2010

The Obama administration’s beleaguered mortgage relief program may finally be getting to the point where it may be of use to the typical homeowner. The program was launched in the spring of 2009, but has attracted less than 70,000 homeowners who have been able to complete the program so far. Part of the problem lies […]

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New Bankruptcy Court website for New Hampshire

By doug | Published: January 27, 2010

The Bankruptcy Court in Manchester, N.H. has just rolled out a new look for its main website. A quick glance shows a sleek design that is easy to navigate. Court websites have to serve a diverse audience that includes debtors, potential pro se filers, attorneys who want to file a case right now (even if […]

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