18 December 2009 ~ 0 Comments

Big Drop in Canadian Bankruptcy Filings

Hopefully this is an indication of things to come in the U.S. According to officials in Canada, personal bankruptcies have dropped nearly 30% from just one year ago, a sign officials hope means the Canadian economy is recovering quickly. While this information doesn’t guarantee the same for the United States, it does bode well since [...]

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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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