The Credit CARD Act of 2009 goes into effect TODAY, February 22, 2010. What does it mean for New Yorkers like you and me? Will it really help us? Is there anything we have to watch out for? The answers: More protections. Yes, to some extent. And yes, there are things to watch out for. …
The new credit card law: What New Yorkers need to know to protect themselves Read More »
What does Congress’ failure to pass the mortgage cramdown legislation have in common with the Honeymooners? They’re both in the latest bankruptcy haiku from Bankruptcy Bill. Reprinted with permission from the creators of Bankruptcy Bill: Why did Congress dis Honeymooners and not pass Mortgage Kramden Bill? (Click here for more bankruptcy haiku from Bankruptcy Bill.) …
How is BAPCPA Man doing in his battle against Mortgantua to save American homeowners? Not so well, thanks to Congress Man and Subprimulus. Note: This cartoon is posted on the NYBankruptcyNet site with the express permission of the creators of BAPCPA Man. Are you worried about foreclosure in New York? If you’re struggling with mortgage …
Mortgage Cramdown Fail: BAPCPA Man vs Mortgantua – Part 5 Read More »
It would have been in the spirit of Christmas to pass the Mortgage Cramdown amendment. But apparently Congress is a bigger fan of The Grinch. After the “Mortgage Cramdown” legislation was re-introduced by Barney Frank (D-MA), the House of Representatives rejected it by a vote of 188-241. Just in time for the holidays. Mortgage cramdown …
The “mortgage cram down” issue is back in the news this week. Congress is discussing an amendment that would give bankruptcy judges the power to “cram down” or change the basic terms of a mortgage. (See the latest BAPCPA Man vs. Mortgantua cartoon for a good picture of what mortgage cram down looks like.) If …
The BAPCPA Man vs. Mortgantua battle rages on. How will BAPCPA Man get out of this jam? Note: This cartoon is posted on the NYBankruptcyNet site with the express permission of the creators of BAPCPA Man. If you’re facing foreclosure in New York, if you’re struggling with mortgage and other financial problems, if you need …
BAPCPA Man vs Mortgantua #4 – Mortgage Cramdown! Read More »
Note: This cartoon is posted on the NYBankruptcyNet site with the express permission of the creators of BAPCPA Man. Click here to see a larger version of BAPCPA Man #15: BAPCPA Man vs Mortgangua #3. If you’re worried about foreclosure and mortgage problems and are contemplating filing bankruptcy in New York along with other options, …
BAPCPA Man #15 – BAPCPA Man continues his battle with Mortgantua (Part 3) Read More »
You may have noticed a couple pieces of bad news circulating in the media the last few days. One is that foreclosures have continued to climb, according to the quarterly statistics put out by RealityTrac. Why the increase? Apparently banks have been delaying a lot of foreclosures as they’ve tried to implement the federal foreclosure …
Foreclosure increase + jobless recovery = Trouble Read More »
For New York homeowners facing foreclosure, they may feel like the deck is stacked against them. The economy is in the tank. Credit has dried up. Trying to call your mortgage company and negotiate a loan modification feels like an exercise in futility. And mortgage companies are probably profiting off the delays in the foreclosure …
Brooklyn Judge gives New York homeowners a fighting chance against foreclosure Read More »
Yes, you can keep your home if you file for bankruptcy in New York. But it’s not a given. And depending on your circumstances, there are a few different ways to do it. If you file for Chapter 7 bankruptcy Brooklyn NY, then you can keep your home as long as the remaining equity in …
Can I keep my home if I file for bankruptcy in New York? Read More »
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