WELCOME to ErieBankruptcyBlog.com. Foster Law Offices is proud to offer a comprehensive online resource where our Erie readers can connect with the latest news in the bankruptcy industry and gain valuable information on filing Chapter 7, Chapter 11 and Chapter 13 Bankruptcy in Erie PA. In addition, you can give us feedback via the monthly poll question and share your stories through the comment portion of the site. Welcome from Mr. Debt Buster & the team at Foster Law Offices!
You don't have to be a basketball fan for this Sweet 16 tournament, according to a recent article in the Wall Street Journal, "Bankruptcy powerhouse Weil, Gotshal & Manges is hosting a “March Madness” tournament of its own, asking readers of its bankruptcy-focused blog to weigh in on the most influential bankruptcy decisions of all time. The “Sweet 16″ competitors were chosen by attorneys in the law firm’s restructuring practice, but you, dear readers, can help decide the ultimate champion."
Check it out over he...
According to Tampa Bay Online, "Continuing their crackdown on scam artists that prey upon delinquent homeowners facing foreclosure, the Federal Trade Commission has charged a national operation with marketing bogus loan modification services. The FTC has sought to stop their illegal practices and force payment of restitution to victims."
Palm Beach County, Florida based "Debt Remedy Partners also known as US Mortgage Funding Inc and LowerMyDebts.com, allegedly violated the FTC Act and Telemarketing Sales Rule by falsely claiming they could obtain loan modifications which would drastically reduce distressed homeowner's mortgage poayments. In addition, the FTC claims that they misrepresented approvals and affiliations with a variety of mortgage lenders, claiming they would "refund" homeowners their money, if they couldn't receive the loan modification.
The FTC's complaint states "distressed homeowners were targeted using direct mail, the Internet, and telemarketing." Tampa Bay Online Reports, "Claiming a success rate of almost 100 percent, homeowners were charged up to $2,600 and typically requested for half of the fee upfront.The defendants claimed expertise that enabled them to prevent foreclosure and often mislead homeowners they were affiliated with or approved by lenders.They advised homeowners not to contact their lenders and to stop making mortgage payments, claiming that falling behind on payments would demonstrate a hardship to lenders."
To learn more about the action taken against U.S. Mortgage Funding Inc., Debt Remedy Partners Inc., Lower My Debts.com LLC, or to file a complaint with the Federal Trade Commission, visit www.ftc.gov or call (877) FTC-HELP (877-382-4357).
Foster Law Offices - Mercer, PA Bankruptcy Attorney
Finding a local law firm to service your bankruptcy needs is important. A local firm who has "roots" in the community is familiar with the local legislation, the local process, the local economy and hardships that face the community.
Foster Law Offices is in the process of streamlining our website to include "local" pages - with information that is personalized to your community.
This week we are featuring our Mercer, PA office.
According to the 2000 census, Mercer has a population of 2,391 people and according to Wilkipedia,
The community was named after physician Brigadier General...
If you are considering filing Bankruptcy in Pennsylvania and you are doing some of your preliminary research online, it is likely that you have come across information references the "Bankruptcy Law Changes of 2005."
While several Bankruptcy lawyers serving Pennsylvania reference these changes within their literature, commercials and website - it often leaves you asking "What are the ACTUAL changes ?"
We have you covered... here is a basic breakdown of KEY changes under the New Bankruptcy Law, which took effect on October 17, 2005:
Chapter 7 vs. Chapter 13:
In a Chapter 7 bankruptcy, your assets (as allowed by your State) are liquidated and given to creditors, and many of your remaining debts are cancelled, giving you what's often referred to
as a "fresh start."
In...
Boise County, Idaho, has filed for municipal bankruptcy protection, but not because of falling tax revenue, rising spending, unfunded pension obligations or any of the other problems that have raised concern about city and county finances nationwide.
The small, rural county—which, despite its name, isn't home to the capital city of Boise—sought protection from its creditors this week because of an inability to pay a multimillion-dollar judgment against it, County Commissioner Robert A. Fry said.
Municipal-bankruptcy filings are uncommon—this is the first in 2011, and there were six in 2010, according to Jim Spiotto of law firm Chapman and...
9:29 PM
MrDebtBuster
Posted in
Bankruptcy Sweet 16
