Matador Legal

Just before the credit crunch and after the changes in 2005 in the Bankruptcy laws, foreclosures had risen drastically. It was a precursor to the impending credit crunch and also an indication that foreclosures cannot rise ad infinitum, especially when Bankruptcy exists as its dampener.
So the foreclosures in 2009 are flat and around the 2008 [...]

The national association of consumer bankruptcy attorneys in a recent seminar at the end of May discussed many pertinent issues like bankruptcy and foreclosure statistics.
Last year, there were heated legislative debate about lifting the distinction between foreclosure and bankruptcy. The bill, which ultimately failed in the senate, would have empowered bankruptcy judges to force lenders [...]