Bankruptcy and Economic News

After Bankruptcy: GM Moving Forward

Trevor Higgins — Tue, 17 Nov 2009 21:17:58 GMT

After Bankruptcy, GM Rolls Forward As it moves on to life after bankruptcy, General Motors is showing signs of moving forward for the first time since the company reeled in a down economy. These signs are coming from GM’s first

Fewer Underwater Mortgages, but no Foreclosure Help on Way

Maria Martuccio — Tue, 10 Nov 2009 21:48:00 GMT

Fewer Underwater Mortgages, but no Foreclosure Help on Way A look at the number of underwater mortgages indicate that the real estate market may be pulling out of its nosedive. But, experts warn, foreclosure could continue for stressed borrowers. A

Tennessee Tops States Repaying Bankruptcy Debts

Trevor Higgins — Wed, 04 Nov 2009 17:09:50 GMT

Tennessee Tops States Repaying Bankruptcy Debts While bankruptcy certainly reflects a hardship on the part of an individual or business, it is important to remember that filing is a means of structuring a repayment of debts. Financial hardship, in other

Big Bankrutpcy Bills in GM Restructuring

Trevor Higgins — Tue, 27 Oct 2009 20:37:20 GMT

GM Bankruptcy Filing Runs Up Big Bills When it comes to one of the largest corporate bankruptcies in history, one wouldn't expect the process to be cheap or easy. That was the case for the old GM, which filed for

Florida foreclosure update Oct. 2009

Trevor Higgins — Thu, 22 Oct 2009 15:21:16 GMT

South Florida entrepreneurs take advantage of foreclosures As the foreclosure crisis in South Florida continues, some area entrepreneurs are taking advantage of the collapsed housing markets to turn a profit. The foreclosure crisis in South Florida began, as it did

Michael Vick is Back on the Field but Still Facing Financial Hurdles

Chris Kramer — Wed, 21 Oct 2009 22:12:11 GMT

After Filing Bankruptcy, Michael Vick is Back on the Field but Still Facing Financial Hurdles The Philadelphia Eagles have gained a few unexpected fans since signing former Atlanta Falcons quarterback Michael Vick—his Virginia creditors, all of whom hope Vick does

Code Compliance Officers Wage War Against Horde of Foreclosed Homes

Trevor Higgins — Thu, 22 Oct 2009 15:23:13 GMT

Foreclosure protection from tough Code Compliance Officers in California When you’re facing foreclosure, it may seem like everyone is against you. But in California, as the Riverside Press Enterprise reports, there are some people fighting back against negligent lenders. And

Federal Reserve Chairman Delivers More Economic Good News (and More Caveats)

Chris Kramer — Wed, 21 Oct 2009 17:03:13 GMT

More Economic Good News From Federal Reserve Chairman (and More Caveats) Newly reappointed Federal Reserve Chairman Ben Bernanke told the Brookings Institution in Washington that the “recession is very likely over.” Hardly waiting for applause, Bernanke went on to outline

July 2009: More People Filing Bankruptcy, Unemployed

Chris Kramer — Wed, 21 Oct 2009 17:07:30 GMT

Fewer jobs, less income, more people filing bankruptcy Unfortunately, this seems to be the formula that’s prevailing throughout the country. As consumer bankruptcies rose to a level not seen since October of 2005, when the new bankruptcy law went into

Landlords’ Troubles Trickle Down to Tenants

Trevor Higgins — Thu, 22 Oct 2009 14:52:13 GMT

Landlords’ Bankruptcy Issues Trickle Down to Tenants Say you are a tenant in a building owned by an individual, and that individual goes bankrupt? You’ve paid your rent on time for years. What about you? Greg Mellen of the Long