2 federal judges find constitutional problem with debtors prisons and bail in New Orleans
ABA Journal Daily News
Florida Passes Bill to Stop Bankruptcy Debtors From “Having Their Cake and Eating It Too”
On March 20, Florida Governor Rick Scott signed Senate Bill 220 into law. The bill is designed to limit the ability of defendants in foreclosure proceedings to keep contesting the foreclosure after agreeing, in bankruptcy, to surrender the property to their lenders. Foreclosure News
Curing Default in Chapter 11 Bankruptcy May Require Debtors to Pay…
The Ninth Circuit Court of Appeals recently took up the issue of a Chapter 11 Debtor's requirements to cure a loan default through its Chapter 11 plan. The result was a ruling that overturned previous law that entitled debtors to avoid certain consequences of the loan default, including higher, post-default interest rates. Foreclosure News
Eleventh Circuit Rules that Debtors Who Surrender Real Property in…
On October 4, 2016, the Eleventh Circuit Court of Appeals ruled that chapter 7 debtors who file a statement of intention to surrender real property in bankruptcy cannot later contest a foreclosure action, and bankruptcy courts have broad power and authority to sanction violations. Failla v. Foreclosure News
Massachusetts law firm is accused of suing debtors without ‘meaningful attorney involvement’
Massachusetts Attorney General Maura Healey is seeking civil penalties against a debt-collection law firm accused of pursuing cases based on inaccurate or incomplete information. Healey… ABA Journal Daily News
Judge backs debtors’ sale plan for Hotel Los Gatos – for now
A United States Bankruptcy Court judge last week said a plan to sell the Hotel Los Gatos for $ 29.5 million could move forward despite objections by the property’s lender, which has lined up a separate interested party for the upscale, 72-room hotel. “I’m going to bet on [the debtors’] horse for the short term, […]