Bankruptcy Information News

Recent News about Bankruptcy Information

• California Bankruptcy Court eliminates certain paper notices -- The court said it would stop issuing mailings to addresses deemed undeliverable by the U.S. Postal Service.
• Map highlights bankruptcy difficulties in the Southwest -- California, Nevada and Arizona are seeing high levels of mean net scheduled debt.
• Los Angeles shows drop in defaults -- Nationwide decline also reported.
• Bankruptcy filings could exceed 1.6 million -- Throughout the year, Nevada has seen the highest rates of those filing bankruptcy in the country, while the entire nation could see 1.6 million by the year's end.
• Steps in the Nevada foreclosure process -- Homeowners are given a chance to avoid losing their property.
• ABI survey respondents not confident in federal protection agency -- Proposals from Congress would create a new governing body for financial products, though some aren't convinced it will work.
• Strategic default hurts chances for future mortgage -- Walking away from a home loan could make it more difficult to get a mortgage in the future.
• California bankruptcy lawyer will head ABI -- Geoffrey Berman will become president of the American Bankruptcy Institute in the spring of next year.
• Nevada's April foreclosure rate highest in country -- A recent report shows that Nevada, Arizona and California continue to see some of the top foreclosure rates in the nation.
• Debt settlement carries danger of upfront fees -- Consumers in states hit hardest by the recession may consider many options to avoid filing bankruptcy, including debt settlement.
• Thirteen of 20 top foreclosure cities in three states -- Trying to avoid foreclosure may be on the mind of many consumers, especially if they live in the areas hit hardest by mortgage difficulties.