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Libel Trial Begins In Dallas
Arguments began this morning in Dallas that pit a mortgage loan servicer against a member of a family that owned a property that it foreclosed on. Orix Capital Markets and Wells Fargo Bank filed the suit against Cyrus Rafizadeh and his Web site Predatorix.com. The two...
February Foreclosure Auction Numbers Down In Tarrant County
The number of homes scheduled for auction in the February auction on the Tarrant County Courthouse steps is down by 14 percent from 2007. Numbers released by Addison-based Foreclosure Listing Service show that 1,521 homes are scheduled for February 3 auction, down...
Promises To Modify Mortgages “Mere Commercial Puffery?”
Countrywide Home Loans has made a concerted effort to tell everyone, including Congress, that they are working hard to modify mortgages for borrowers caught up in the sub-prime lending crisis, except maybe for their attorneys who are defending them in a lawsuit in New...
Citibank Voices Support Of “Cramdown” Legislation
In a dramatic about-face Citibank's chief executive voiced support Thursday for a Senate bill that would allow bankruptcy judges to modify mortgages for persons seeking Chapter 13 bankruptcy. In letters to congressional leaders, Vikram Pandit praised the measure,...
Newsweek Article: Resolve To Go Bankrupt In 2009
A Newsweek article published in the January 12, 2009 issue and available online tells readers that bankruptcy is something that more people should consider. The article explains why most people facing large consumer or medical debts should file bankruptcy before...
Foreclosure Postings Up In D/FW
Foreclosure postings at courthouses in Dallas, Tarrant, Collin and Denton counties are up for January sales, according to a report published by Foreclosure Listing Service, Inc. The report states that 4,078 residential postings were filed for January 2009 auctions, up...
Tribune Company Files Bankruptcy
Tribune Company, owner of KDAF-TV 33 in Dallas, newspapers like the Los Angeles Times and the Chicago Tribune, the Chicago Cubs and Wrigley Field, will file for Chapter 11 bankruptcy protection in Delaware. The Associated Press and the Wall Street Journal are reported...
Pilgrim’s Pride Files Bankruptcy
Texas based Pilgrim’s Pride Corp. filed for Chapter 11 bankruptcy protection on Monday, hobbled by its debt load and volatile feed prices. The nation’s largest chicken producer sought bankruptcy protection in a filing with the U.S. Bankruptcy Court for the Northern...
Guilty Verdict Returned In Holy Land Foundation Case
After a mistrial was declared in the first prosecution of the case, guilty verdicts were handed down by a jury in Dallas Monday afternoon. The Holy Land Foundation and five of its former organizers were found guilty on 108 charges related to funneling more than $12...
Circuit City Files Bankruptcy
Just a week after announcing that it would close 155 locations nationwide that it would seek protections from its creditors through a Chapter 11 bankruptcy filing. The Richmond, Virginia based retailer said in court filings that it has over $1 billion in assets and...
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Types of Bankruptcy
For consumers, Chapter 13 and Chapter 7 are the two most common types of bankruptcy. Which one is right for you? Choosing the right chapter of the bankruptcy code to excercise is extremely important. Our expert legal staff will guide you through the important selection process
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Bankruptcy Articles and Legal News
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