Blog Posts in May, 2012
Posted on May 29, 2012 By San Antonio Bankruptcy Lawyer
A review of the latest documents from the Federal Housing Administration (FHA) showed some disappointing figures. Statistics show that half of the mortgages issued to at-risk homeowners were in ...
Continue reading "FHA Releases Disappointing Figures" »
Posted on May 28, 2012 By San Antonio Bankruptcy Lawyer
News sources say that a financial giant is in the process of exploring Chapter 11 bankruptcy. The board of Ally Financial Inc's Residential Capital unit is meeting to talk about the company's ...
Continue reading "Finance Giant Considering Chapter 11" »
Posted on May 22, 2012 By San Antonio Bankruptcy Lawyer
The airline industry has experienced highs and lows over the past few years, especially in the manufacturing sector. Now, news sources say that one company has agreed to file for bankruptcy protection ...
Continue reading "Airline Manufacturing Company Pursues Chapter 11" »
Posted on May 21, 2012 By San Antonio Bankruptcy Lawyer
Reality TV show stars can often make their fortunes by exposing their lives to the cameras. However, one former star has found herself deeply in debt despite her short period of fame. Nadya Suleman, ...
Continue reading "Nadya Suleman Files for Chapter 7 to Confront $1 Million Debt" »
Posted on May 15, 2012 By San Antonio Bankruptcy Lawyer
A multi-generational company has been forced to file for bankruptcy after decades of business. Last week it petitioned to have its Chapter 11 bankruptcy converted into a Chapter 7 bankruptcy filing ...
Continue reading "Multi-Generational Company Seeks to Convert from Chapter 11 to Chapter 7" »
Posted on May 14, 2012 By San Antonio Bankruptcy Lawyer
The Lehman Brothers' bankruptcy has been going on for years, yet new information is still being released to the public. A recent report shows that just before its massive collapse in 2008, fifty ...
Continue reading "New Information Released in Lehman Brothers' Bankruptcy Case" »
Posted on May 8, 2012 By San Antonio Bankruptcy Lawyer
In Las Vegas, Nevada, a well-known real estate developer has filed for Chapter 7 bankruptcy. According to news sources, B.P. told the Bankruptcy Court overseeing his case that he has over $506.5 ...
Continue reading "Vegas Real Estate Developer Lists Debts at $506.5 Million" »
Posted on May 7, 2012 By San Antonio Bankruptcy Lawyer
If you are thinking about filing for consumer bankruptcy, you will have two options in the state of Texas. The first option is Chapter 7 bankruptcy. This type of bankruptcy allows people to have their ...
Continue reading "One Great Benefit of Chapter 13 Bankruptcy" »
Posted on May 1, 2012 By San Antonio Bankruptcy Lawyer
Good news for homeowners - the amount of short sales processed this quarter has surpassed foreclosures for the first time in years. This means that banks are becoming more accepting of short sales in ...
Continue reading "Statistics Show More Short Sales Than Foreclosures" »