Bankruptcy News

(Source: The Sun News By David Wren) – The trustee in Myrtle Beach lawyer Harry Pavilack’s bankruptcy case has resigned because of potential conflicts of interest, but the move is not expected to delay court hearings that will determine how [...]

(Source: Star Tribune, Minneapolis By Dee DePass) – As Denny Hecker and his bride cool their heels in prison, the bankruptcy trustee in charge of corralling far-flung baubles, gems and other assets, remains on the hunt for cash to pay [...]

(Source: new York Times By MARYANN HAGGERTY) – IF you want to see how quickly you can ruin a great credit score, just skip a mortgage payment.

INDIANAPOLIS -(Source: The Times By Dan Carden) – Legislation establishing a process intended to keep local governments out of bankruptcy was changed Wednesday by the Indiana House to not allow local governments to file for bankruptcy.

Source: El Paso Times Publication date: 2011-04-21 –April 21–Police say cases of credit card ‘skimming’ are up El Paso police warn of a rise in the theft of credit-card and debit-card numbers in a process known as “skimming.”

(Source: Associated Press/AP Online By MATTHEW BROWN ) – Yellowstone Club founder Tim Blixseth is settling his unpaid income tax claims from California and Idaho, but still faces a $57 million bill from Montana.

Source: United Press International Publication date: 2011-04-19 –Younger Americans using credit cards and piling up debt are being enabled by parents who encourage them to use credit as a “safety mechanism,” a study says.

Source: News Sentinel Publication date: 2011-04-20 –Am I the only one outraged by the fact that companies are able to debit your credit or debit card immediately, but take one to two weeks to process a credit?

(Source: The Milwaukee Journal Sentinel By Bruce Vielmetti) – Court-approved debt repayment plans, which have grown exponentially in Milwaukee County the past three years, are on pace to double yet again this year.

(Source: Scripps Howard News Service By Steve Bucci) – Dear Debt Adviser: I am paying debt settlements on my credit cards from several years ago. I fell behind because of unemployment. Currently, we do not use credit cards. We pay [...]

(Source: The Pittsburgh Tribune-Review By Kim Leonard and Joe Napsha) – Maronda Homes Inc., the region’s third-largest home builder, filed for bankruptcy protection from creditors yesterday amid a national and local housing market that continues to stagnate.

(Source: The Morning Call, Allentown, Pennsylvania By Patrick Lester) – A real estate advisor who called for TH Properties to be liquidated has withdrawn that request in U.S. Bankruptcy Court in Philadelphia under an agreement reached with the home builder [...]

(Source: Pittsburgh Post-Gazette By Tim Grant) – Maronda Homes, the third-largest homebuilder in the Pittsburgh region, filed for bankruptcy reorganization Monday in U.S. Bankruptcy Court, Downtown.

BOILING SPRINGS -(Source: The Star By Graham Cawthon) – Emily Lail juggles being a full-time Gardner-Webb University student with a part-time job.

(Source: The Morning Call, Allentown, Pennsylvania By Patrick Lester) – A real estate advisor who called for TH Properties to be liquidated has withdrawn that request in U.S. Bankruptcy Court in Philadelphia under an agreement reached with the home builder [...]

(Source: The New York Post By MARK DeCAMBRE) – Good from afar but far from good. That encapsulates the reaction from Wall Street analysts, foreclosure defense lawyers and other pundits about a sweeping set of decrees unfurled yesterday by US [...]

(Source: The Post-Star By Blake Jones) – Bankruptcy filings receded in the first quarter of 2011, falling about 15 percent from a year ago.

(Source: CBS Money Watch By Farnoosh Torabi) – Should a prospective employer be able to check your credit report and use it to determine your qualification for a job? That’s the latest debate in 25 states, where a total of [...]

WILMINGTON, Del. (Source: Associated Press/AP Online By RANDALL CHASE) – A Delaware bankruptcy judge has resumed a hearing to determine whether he should approve Tribune Co.’s proposed reorganization plan.

(Source: Canada Newswire ) – It is imperative that people facing debt problems get a firm handle on every aspect of the matter, so that they can make enlightened decisions” – Marc Bergeron, Vice-President, Recovery & Reorganization In response to [...]

(Source: The Times-Tribune By James Haggerty) – First-quarter bankruptcy filings in the Middle District of Pennsylvania and the court’s Wilkes-Barre office decreased for the first time in five years.

(Source: Boston Buisness Jounrals) – Apparently Frank Gorman Jr. knows something that other property owners don’t. Regardless, he’s back in action with a loan modification that, just six months ago, seemed like a pipe dream.

(Source: North County Times By Eric Wolff,) – Short sales have been gumming up the housing market for years, turning routine transactions into half-year sagas of delays and frustration for both buyers and sellers.

GRAND TERRACE -(Source: Inland Valley Daily Bulletin ) – The Securities and Exchange Commission has filed a court motion seeking to remove the CEO of American Pacific Financial Corp., a financial services firm, from control of that company.

SAO PAULO, 4/6/11 (Source: Investnews; Sao Paulo) – The number of bankruptcy petitions in Brazil rose for the fourth consecutive month in March, to 172 – 28.4% more than in February 2011. The biggest number of petitions came from micro [...]

BILLINGS, Mont. (Source: Associated Press/AP Online By MATTHEW BROWN) – Authorities from three states are seeking to force former billionaire Tim Blixseth into an involuntary bankruptcy to extract tens of millions of dollars in unpaid taxes he allegedly stashed in [...]

(Source: Belfast Telegraph By Michael MChugh) – Northern Ireland had the highest levels of bankruptcy recommendations in the UK last year, a credit charity has announced.

(Source: United Press International) – A dentist’s huge, ornate mansion in a Chicago suburb has become a waterlogged, bankrupt mess, court papers show.

(Source: The Blade) – Bankruptcy filings fell 17 percent in metro Toledo last month from a year ago, the seventh consecutive month of fewer new cases than the year before. There were 880 new cases filed in March in U.S. [...]

(Source: Irish Times By Neil Callanan) – CORK PROPERTY developer John Fleming’s decision to go bankrupt in Britain is now expected to become a major trend and, in turn, a significant headache for the National Asset Management Agency (Nama). A [...]