by Paula Greenway | Nov 7, 2010 | Chapter 11 Bankruptcy
Chrysler Group LLC, the automaker controlled by Fiat SpA, is set to post its smallest quarterly loss since emerging from bankruptcy 18 months ago.A net-loss of $129 million is expected for the third-quarter of 2010. The numbers will be posted on November 8.This would...
by Paula Greenway | Oct 29, 2010 | Bankruptcy Filing, Chapter 13, Chapter 7, Personal Bankruptcy
The Administrative Office of the U.S. Courts this week released a report that shows an increase of 9 percent in bankruptcy filings between April and June this year as compared to last. There were 422,061 bankruptcy filings this year, from 388,148 in the prior...
by Paula Greenway | Oct 18, 2010 | Chapter 11 Bankruptcy
According to recently release figures, the Lehman Brothers bankruptcy has produced over $1 billion in fees. These fees have been paid out to advisers, lawyers, and bankers over the past two years.On average, the financial firm has paid over $40 million a month since...
by Paula Greenway | Oct 10, 2010 | Bankruptcy Filing, Chapter 13, Chapter 7, Foreclosure, Foreclosure Defense, Greenway Bankruptcy Law
A report released this month estimates over 11 million homeowners in the United States have underwater mortgages.The new report, released by the data aggregator CoreLogic, says the number of homeowners who owe more on their mortgage than their homes are worth declined...
by Paula Greenway | Oct 10, 2010 | Foreclosure, Foreclosure Defense
A large number of Democratic legislators, including Arizona Congresswoman Gabrielle Giffords and U.S. Senate Majority Leader Harry Reid, D-Nev., this week called on lenders to freeze foreclosures after Bank of America did so last Friday. BofA’s decision to do so came...
