Monthly Archives: July, 2010
Foreclosure Increasing Again
The nation’s foreclosure crisis is worsening as homeowners battling high unemployment, slow job growth and an uneven rebound in home prices continue to fall behind on their mortgage payments. In all, 154 out of 206 metropolitan areas with at least 200,000 residents posted an annual increase in foreclosure activity between January and June. Notices for [...]
Bankruptcy Terminology
In Bankruptcy, a “case” refers to the bankruptcy action commenced by filing a bankruptcy petition, and “proceeding” refers to a specific matter, such as an adversary proceeding, that arises within the bankruptcy case. The “debtor” is the party that either filed a voluntary bankruptcy petition or that had an involuntary petition filed against it. The [...]