According to a report earlier this month by the American Bankruptcy Institute, consumer bankruptcies are up so far this year. For example, there were 92,669 bankruptcies filed in January, however, there were 102,686 filed in February. Last year there were…Read more >
Massachusetts Personal Bankruptcies Up.
(HAMP) which is the current mortgage program is not available for chapter 7 bankruptcy filers. This program was designed to help over three million homeowners, however, to date, has been used by only about 500,000 homeowners. This program is being…Read more >
There are hearings in Washington to explore giving Bankruptcy judges more power in rewriting mortgages. This could have a dramatic effect on defaulting Massachusetts homeowners, especially those that file for personal bankruptcy in Massachusetts. Rhode Island Senator Sheldon Whitehouse and…Read more >