Molleur Law Blog
Showing articles 81 - 90 (149 total)
Posted on 05/18/2007 at 12:00 am | Viewed 405 times
The First Circuit Court of Appeals recently decided the case of Ford, Trustee v. Skorich, holding that the creation of an escrow account for the proceeds of the sale of real estate did not constitute a preferential transfer. The $300,000 from the sale of the real estate were generated during a divorce in which the debtor and his former spouse ...
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Posted on 05/05/2007 at 12:00 am | Viewed 970 times
Corporate or LLC Chapter 11 cases are filed by businesses which are able to reorganize their finances to operate profitably after filing bankruptcy. The automatic stay prevents creditors from seeking collection of any claims after the Chapter 11 case is filed. Businesses in Chapter 11 no longer need to immediately pay tax or general unsecured cr...
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Posted on 04/23/2007 at 12:00 am | Viewed 723 times
Bartels v. Citicards, Decided on October 11, 2005
A chapter 7 case in which Citicards repeatedly called and harassed the client after filing a Chapter 7 (and the client advising Citicards of the bankruptcy filing). The Chapter 7 Trustee even wrote to Citicards to persuade them to stop contacting Bartels, but to no avail. Important to the decis...
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Posted on 04/23/2007 at 12:00 am | Viewed 384 times
Tanya Sambatakos, a recently hired asssociate, attended the annual conference of the National Association of Consumer Bankruptcy Attorneys (NACBA) in Philadelphia from April 19 - 22, 2007. NACBA is an association comprised of over 1,000 consumer bankruptcy attorneys from across the United States. The annual conference presented numerous educa...
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Posted on 04/18/2007 at 12:00 am | Viewed 396 times
Jim Molleur was a speaker at the American Bankruptcy Institute's Spring Conference in Washington D.C. on April 14. 2007. The Spring conference is one of two national conferences held eqch year by the American Bankruptcy Institute. The American Bankruptcy Istitute is a pre-eminent non-profit organization representing atorneys, bankers, financia...
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Posted on 03/27/2007 at 12:00 am | Viewed 394 times
During recent Congressional hearings on the collapse of the subprime mortgage market, Mike Calhoun, from the Center for Responsible Lending, testified about the effect of subprime lending on home ownership during the past nine years. According the Center for Responsible Lending, subprime loans made during the past nine years have led or will le...
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Posted on 03/10/2007 at 12:00 am | Viewed 354 times
The U.S. Senate Committee on Governmental Affairs has opened an oversight hearing on the credit card industry. Senators Levin and Coleman expressed concerns that credit card companies are designing interest rates to "entangle unsuspecting consumers". The committee focused its attention on the risk-based pricing of credit cards and the adequacy...
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Posted on 03/08/2007 at 05:51 pm | Viewed 1,666 times
Bankruptcy Article #26
March, 2007
Many people struggle for years trying to complete debt consolidation programs rather than filing bankruptcy because they think a bankruptcy will ruin their credit forever. While a bankruptcy can appear on your credit report for up to ten years, there is no reason why your credit score should not be s...
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Posted on 03/04/2007 at 12:00 am | Viewed 362 times
Harvard Law Professor Elizabeth Warren recently wrote an article in which she noted that the credit card industry responded to Congress's bankruptcy bill of 2005 by sending out 8 billion credit card solicitations in 2006 - a 30% increase over 2005. The credit card industry decided that if Congress could make filing bankruptcy more difficult, it...
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Posted on 02/24/2007 at 12:00 am | Viewed 444 times
The U.S.Supreme Court decided the case of Marrama v. Citizens Bank on February 21, 2007, affirming the decision of the First Circuit Court of Appeals by a 5-4 vote. This case was closely watched by consumer bankruptcy lawyers as it made it way up to the Supreme Court because it addressed an issue which had been subject to conflicting decisions ...
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