Best Practice in Bankruptcy Notices of Default

By Monette W. Cope, Esq. The mortgage industry is under tremendous scrutiny from the Attorney General and the States’ Attorney Generals, as well as the new Consumer Financial Protection Bureau which just announced it will be drafting rules to regulate all servicers.  In response, most in the industry are stepping up and being more transparent…

Bankruptcy Update: Recent Trends, New Rules and Revised Forms

by Alan C. Hochheiser, Esq. NBKRC: Bankruptcies Down Thru Third Quarter 2011 According to statistics from the National Bankruptcy Research Center (NBKRC), bankruptcy filings have declined through the first three quarters of 2011.  Total consumer bankruptcy filings totaled 144,722, which was down approximately 10% from the first three quarters of 2010.  In addition, bankruptcy filings…

What’s Happening In The World of Bankruptcy

There seems to be a lot of activity in the world of bankruptcy lately. Monette Cope has been busy reporting on the topic of lien stripping, when debtors may or may not be able to strip mortgage liens. According to a client advisory she wrote on April 7th, “Chapter 13 debtors who are ineligible for…