Bankruptcy

WHITE PLAINS, NY, May 02, 2015 — JP Morgan Chase Bank, N.A., has been ordered to pay $16,000 as damages after the bank failed to comply with a U.S. Bankruptcy Court order that modified the terms of a mortgage loan …

The struggling franchisee of a number of local Friendly’s restaurants – famous for their “Happy Endings” sundaes – officially filed for Chapter 11 bankruptcy protection earlier this month. Having closed the doors of its Lower Hudson Valley locations only a …

Homeowners at risk of losing their house to foreclosure may be able to keep it by filing for bankruptcy. Although not a cure-all, bankruptcy – in particular, Chapter 13 bankruptcy – may buy homeowners extra time to reorganize their finances …

Identity theft is on the rise. In 2012 alone, 12.6 million Americans were victimized by this crime, according to a survey conducted Javelin Strategy and Research. Identity theft is when someone steals your personal information and uses it without permission. …

So, you finally requested your credit reports, and now you see that they have incorrect information. There is a remedy. According to the Federal Trade Commission (FTC), the Federal Credit Reporting Act requires that both the credit reporting company and …

To determine whether you have a good credit score that maybe affected by bankruptcy or whether past-due bills have already affected your credit score, check your credit report. Consumers are eligible for one free credit report from the three big credit-reporting companies …

Even successful celebrities face financial problems that lead to bankruptcy. Country singer Willie Nelson, for example, filed bankruptcy in 1990. According to therichest.org, Nelson put money in a tax shelter that was determined to be illegal. With a tax debt amounting to …

“I’ve read that that just one year after bankruptcy, one in four Chapter 7 debtors was again struggling to pay routine bills vs Chapter 13 debtors.” It seems one of the only beneficial provisions of BAPCPA was the post-filing CDE. …