Monthly Archives: September 2010

A new government foreclosure plan

By doug | Published: September 9, 2010

President Obama announced earlier this week yet another federal plan for dealing with the national surplus of foreclosures. This one could take effect as early as next week, and would allow the Federal Housing Administration to give refinanced loans backed by the government to strapped homeowners. For the lenders, the kicker is that they would […]

Posted in Chapter 13, Foreclosure | Comments closed

How to fill out schedule A of a bankruptcy petition

By doug | Published: September 8, 2010

The heart of any voluntary bankruptcy petition are the schedules attached to the petition itself — they are lettered from A to H, and each require a debtor to provide crucial information about himself and the case. The starting point, of course, is Schedule A, which contains a large blank space for listing “real” property. […]

Posted in Practical tips | Comments closed

Bankruptcy and positive thinking?

By doug | Published: September 6, 2010

How could a downbeat topic like filing for bankruptcy ever jive with the upbeat world of positive thinking and self-motivation? Maybe it’s not a natural fit, but just consider that each bankruptcy case is for someone a chance to start over, with the result of the re-start as uncertain as any other. Or to put […]

Posted in Just for fun | Comments closed

Failure to modify mortgages spurs Massachusetts bankruptcies and foreclosures

By doug | Published: September 1, 2010

The foreclosure rate in Massachusetts set another record in July, with 1243 homes lost, an 80% increase over the previous year, according to the Boston Globe. Reasons for the spike in foreclosures are many, housing specialists and economists say, including the failure of government programs to spur lenders to modify mortgage loans. “They are foreclosing […]

Posted in Foreclosure | Comments closed
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