There’s a good post today titled “Dykstra Mansion on the Market for $14.9 Million” on the WSJ’s Bankruptcy Beat. A couple points worth noting about Dykstra’s approach to home care for a property he originally tried to sell for $25 million: “The home was littered throughout with empty beer bottles, trash, dog feces and urine …
Having trouble selling your home? Don’t do a Lenny Dykstra. Read More »
Foreclosure. Divorce. Child support. Business debts. Bad investments. The same things that led Bernie Kosar to need bankruptcy protection–first under Chapter 11 reorganization and then via a conversion to Chapter 7 liquidation–are what cause many other Americans to file for bankruptcy as well. Yet despite the number of bankruptcies filed by celebrities and other high …
Bernie Kosar bankruptcy offers lessons for average Americans facing bankruptcy 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 »
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 »
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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