Archive | Knoxville Bankruptcy News

09 December 2009 ~ 0 Comments

Greater Ability to Modify Mortgages Soon?

A bill that is gaining steam in the House of Representatives aims to grant greater latitude to bankruptcy judges in modifying home mortgages as part of the bankruptcy process. The House views this is a way to stem the foreclosure crisis and allow more people to stay in their homes. Many people mistakenly think the [...]

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09 December 2009 ~ 0 Comments

Greece Nearly Bankrupt?

In what could prove to be a test to great to bear for the Euro, Greece appears on the verge of bankruptcy. This week their debt was downgraded to BBB+, which is the 3rd lowest investment grade on the Fitch Ratings scale. With debt expected to rise to more than 120% of GDP next year, [...]

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