Going Once, Going Twice: Avoiding a Prepetition Foreclosure Sale in Chapter 11

Among the many protections afforded creditors under the Bankruptcy Code is the estate's ability to avoid transfers made before the petition date that benefit certain creditors at the expense of others. These so-called avoidance actions are primarily governed by Sections 544, 547 and 548 of the Bankruptcy Code, which set forth the requirements for challenging […]

Households with college students are twice as likely to experience foreclosure

During The Great Recession, households with college students were twice as likely to experience foreclosure, and that risk still exists today Economists have long believed that unchecked subprime lending caused the Great Recession and housing crash that followed. When jobs vanished and the stock market tanked, risky borrowers of those loans began losing homes and […]