Bankruptcy and Foreclosure Proceedings

Earlier this month, the Supreme Judicial Court of Massachusetts made a unanimous ruling that two home foreclosures in Massachusetts were invalid. Both foreclosures took place in 2007 when the homes were seized by Wells Fargo & Co. and US Bancorp. According to the...

Although many individuals in Florida are losing their homes to foreclosure because they can no longer afford to make their monthly mortgage payments, others are choosing to default for a completely different reason. The CBS News reported at the end of January that...

Although our blog mainly focuses on the benefits of Chapter 7 and Chapter 13 bankruptcy protection, today we are going to discuss Borders Group Inc. and the bookseller's decision to file for Chapter 11 bankruptcy protection. After several attempts to save the business...

The suicide of Dave Duerson has been tragic in so many ways. The former Chicago Bears defensive back believed that he was suffering from a degenerative brain disease known to have caused depression and dementia in others. He committed suicide last week in his Miami...

A recent article published by the St. Petersburg Times reiterates the fact that although bankruptcies and foreclosures have actually decreased in Florida the past couple of months, the worst may not be over. Earlier this month, our blog discussed how foreclosures were...

Although our blog primarily focuses on Chapter 7 and Chapter 13 bankruptcies, the Chapter 11 bankruptcy case of Robb & Stucky has been a popular topic of discussion in Florida during these past few weeks. The Fort Meyers-based furniture chain announced in February...

Last week, we began to discuss how one South Florida homeowner learned that a deficiency judgment was filed against him claiming that he still owed the bank $151,461 for the beach home he lost to foreclosure. The man has no full-time job and is struggling to make his...

The Florida Housing Finance Committee just announced that Florida homeowners may begin to apply for a share in the $1 billion of federal funds available through the Hardest Hit foreclosure prevention program. Applications will be accepted beginning on April 18, 2011...

Florida judges have been overwhelmed by the massive number of foreclosure cases awaiting decisions. In an effort to reduce the backlog of foreclosure cases, Florida lawmakers awarded the courts $6 million to hire more judges and case managers last year. As a...

The last couple of posts on our Miami bankruptcy law blog have truly highlighted the foreclosure mess in Florida and the financial crisis that thousands of homeowners are facing across the nation. Although many hope that more homeowner's will find some financial...