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Recent Bankruptcy Second Mortgage News:
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William Brewer, head of the National Association of Consumer Bankruptcy Attorneys, says student loan defaults in the short term "are are not gong to have the same ripple effect through the economy that mortgage defaults did," but he told The ...
Ally Financial Inc.'s mortgage-lending unit, Residential Capital LLC, is expected to seek bankruptcy protection in the next several weeks on the way to a possible sale, people familiar with the situation said. Fortress Investment Group LLC is ...
Thornburg filed for bankruptcy in May of 2009, felled by heavy losses associated with the subprime mortgage crisis. At the time, it was the seventh-largest bankruptcy in U.S. history, with over $36 billion in assets, and had been the second ...
In most cases, those clients could not meet the federal hardship standards that are necessary to discharge a student loan through bankruptcy proceedings. Instead, many of these parents or guardians who co-signed the student loans face the ...
Farkas, the former head of mortgage lender Taylor, Bean & Whitaker was sentenced ... After Thornburg filed for bankruptcy late in 2009, the firm's bankruptcy trustee Joes Sher said that the company's top executives paid themselves bonuses and stole company ...
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