Vortex Debt Group

Bankruptcy Filings Fell Last Month

vortex debt group — Thu, 02 Sep 2010 20:19:47 +0000

Personal bankruptcy filings fell in August, nearly erasing the rise in filings the prior month, a new report shows.

Bankruptcy Action Can Be ‘Commenced’ Despite Failure to Meet Law’s Requirements, 2nd Circuit Says

vortex debt group — Mon, 30 Aug 2010 22:13:03 +0000

A bankruptcy action can be considered “commenced” even when a debtor has failed to meet a requirement imposed by Congress that he first receive credit counseling, the 2nd U.S. Circuit Court of Appeals has ruled. Interpreting a “statutory tangle” of bankruptcy provisions, the circuit said the counseling requirement under 11 U.S.C. §109(h) is not jurisdictional in nature and a case can still be …

Bankruptcy judge approves Station Casinos reorganization plan, wipes $4B debt off books

vortex debt group — Fri, 27 Aug 2010 23:04:24 +0000

RENO, Nev. – A Reno bankruptcy judge has approved a Station Casinos Inc. reorganization plan for creditors to take an ownership stake in some properties and buy others through an auction.

Is bankruptcy the only way to keep home?

vortex debt group — Wed, 25 Aug 2010 00:48:22 +0000

Dear Bankruptcy Adviser, I have fallen behind on my mortgage due to waiting on a loan modification . I had to pay the bank upfront fees and make a modified loan payment for the lender to work on the modification and then find out I wasn’t approved after several months of making payments.

Bankruptcy filings at 5-year high

vortex debt group — Sun, 22 Aug 2010 02:07:23 +0000

Bankruptcy filings nationwide reached their highest level in five years between April and June, up 11 percent from the same period in 2009, government data showed Wednesday.There were 422,061 bankruptcy filings in that period of this year, compared with 381,073 in that period of 2009 and 388,148 between January and March of this year.The quarterly filings exceeded 400,000 for the first time …

Bankruptcy filings at highest point since 2005

vortex debt group — Thu, 19 Aug 2010 03:41:51 +0000

Bankruptcy filings have reached the highest level since 2005, data released Tuesday show, as the economy slows and the unemployment rate hovers just below double digits. Bankruptcy – United States – Law – Unemployment – Services

Bankruptcy judge permits trials of abuse suits against parishes

vortex debt group — Mon, 16 Aug 2010 05:28:08 +0000

WILMINGTON, Del. The judge presiding over the Catholic Diocese of Wilmingtons bankruptcy case ruled Friday that lawsuits against several of its parishes filed by alleged victims of priest sex abuse can go to trial later this year. Judge Christopher Sontchi denied the dioceses request to extend a stay in the bankruptcy case to non-debtor [...]

Bankruptcy Judge Denies WaMu’s Attempt to Get Shareholder Data

vortex debt group — Fri, 13 Aug 2010 06:49:32 +0000

A Delaware bankruptcy judge has rejected Washington Mutual’s attempt to get personal financial information from shareholders who are demanding an annual company meeting. Members of the shareholders committee are hoping to elect new board members, alleging that the current WaMu board is resisting the election of new directors who would protect shareholder interests in the company’s reorganization …

Bankruptcy, successes preceded Pat Reid’s indictment

vortex debt group — Tue, 10 Aug 2010 08:48:41 +0000

Bankruptcy, successes preceded Pat Reid’s indictment

Bankruptcy judge approves sale of Station Casinos assets

vortex debt group — Sat, 07 Aug 2010 09:37:28 +0000

Without any debate from creditors, bankruptcy Judge Gregg Zive this morning approved the sale of 11 Station Casinos casinos, land holdings and American Indian gaming contracts to a group backed by the Fertitta Gaming for $772 million. No auction was held because there was only one qualified bid.