Creditors May Have to Change Rules as Bankruptcy Numbers Rise
The struggling economy, housing crisis and high national unemployment rate are causing Americans in increasing numbers to seek help from their mounting debt in bankruptcy courts across the nation. With more than 6,000 new filings for bankruptcy protection each day, the numbers are on track to reach more than 1.4 million total filings for 2009 up from 1.1 total filings last year.
Considering a Loan Modification? Consider Bankruptcy Instead.
The crash of the housing bubble has left many homeowners in homes that are now not worth what was paid for them. The current economic crisis and rise in unemployment are leaving many homeowners with mortgages they cannot afford for houses that they cannot sell.
The Latest Housing Crisis: Foreclosure Fraud
When it rains, it pours. After suffering through a housing crisis and a down economy, many Americans are now confronted with another crisis: foreclosure fraud.
Kerry Steigerwalt’s Broke Law Firm Trying to Make Deals
On March 24, San Diegan Laura Perry received a letter from Kerry Steigerwalt’s Pacific Law Center, once San Diego’s best known, most notorious, and most aggressively advertised law firm. Perry, 73, had paid $2000 to the firm to handle a Chapter 7 bankruptcy for her. She had received no service — one of thousands who …
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