Under the Home Affordable Modification Program (“HAMP”), an underwater homeowner may request that a lender modify his or her home mortgage.
The Consumer Financial Protection Bureau (CFPB) announced that it has reached a consent agreement with Flagstar Bank to settle accusations that the bank delayed or prevented thousands of homeowners from obtaining mortgage relief and avoid foreclosure.
I recently met a client who first learned that she had been sued when she received a post card in the mail from the court indicating that a default judgment had been entered against her.
As a bankruptcy and financial restructuring lawyer, I am often told by businesspeople that they hope to never need my services.
Mexico recently amended its governing insolvency, the Ley de Concursos Mercantiles (LCM). The changes were largely an improvement although there is at least one troublesome new provision.
The United States is a nation of laws, many, many laws. We have city laws, county laws, state laws, and federal laws.
In an effort to minimize the risk of loss in connection with a loan default, lenders often employ creative means to make it difficult, if not impossible, for a borrower to file bankruptcy.
Overwhelming debt causes a great deal of stress. You may lose sleep, become angry, or get scared. Fortunately, the federal bankruptcy laws can restructure your debts, provide a fresh start and alleviate your stress.