Time to take a look at recent bankruptcy news in Brooklyn. Brooklyn Money Manager Indicted in 30-Year Ponzi Scheme (Wall Street Journal Online) – Bay Ridge, Brooklyn-based money manager Philip Barry–aka the “Brooklyn Madoff”–was charged with securities fraud and 20 counts of mail fraud earlier this week. Star of Real Estate Boom is Confronting Hard …
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 »
If you’ve been reading this blog, you may remember reading about Bankruptcy Bill’s Bankruptcy Song Contest (of which I’m one of the sponsors), which invited anyone to submit a song or songs that somehow relates to the topic of bankruptcy. Now the submissions are in, and you can see all the entries on the Bankruptcy …
Bankruptcy Bill’s Song Contest: Check out the songs! 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 »
There is often talk about how to reduce bankruptcy filings. The credit industry’s oh-so-caring approach was to make it harder to file for bankruptcy by adding various speed bumps and obstacles to the 2005 Bankruptcy Law (aka BAPCPA). That was a very reactionary, not to mention sloppy, approach that was really intended to serve the …
“Healthcare” approach to banking may help reduce bankruptcy filings in the future Read More »
How much does a bankruptcy filing affect your FICO score? We now have a better sense of the answer, though in the big picture, it may not be the right question to ask. FICO recently decided to make public some–not all, just some–of the information behind their mysterious, black-box credit scoring system. The answer to …
How much will a bankruptcy filing affect my FICO score? 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 »
Wishing you peace and happiness for the Thanksgiving holiday. May you and your family be well protected from creditors by BAPCPA Man and a good, experienced New York bankruptcy lawyer from Rosenberg Musso & Weiner LLP. Note: This cartoon is posted on the NYBankruptcyNet site with the express permission of the creators of BAPCPA Man. …
Happy Thanksgiving from Rosenberg Musso and Weiner and BAPCPA Man! Read More »
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