Bankruptcy, Foreclosure & Loan Modification Posts in December, 2014

What Is Bankruptcy Fraud?

Bankruptcy fraud is a very serious matter. Federal authorities investigate and prosecute this crime very aggressively. So far this year, defendants in fraud cases have been sentenced to more than 30 years in prison and paid over three million dollars in fines and restitution. Bribing a Trustee...
Continue Reading »

Decrease in Bankruptcy Filing Rates

The bankruptcy filing rate is at its lowest point in seven years for most everywhere in the country, except for the Land of Lincoln and a few other states. November 2014 filings were down 16 percent, when compared to November 2013. Much of the decrease was due to a much lower commercial bankruptcy filing volume. These new filings were down 27 percent. One observer pointed to a combination of high filing costs, low consumer spending and low interest rates as being primarily responsible for the decline....
Continue Reading »

Rethinking Bankruptcy And Student Loans

According to a bankruptcy judge in New Jersey, it is time to re-evaluate the way current law deals with student loan debt. In a recent article, Judge Michael B. Kaplan called burgeoning student loan debt a looming crisis that touches every generation of Americans. Although the Bankruptcy Code largely lives up to its purpose of providing debtors with a fresh start, student loans are the notable exception to this rule....
Continue Reading »
  • Newland & Newland LLP, Attorneys, Arlington Heights, IL
  • Lawyer.com