Bank of America close to settlement with DOJ

Just when it seemed like all the news from the financial crisis of 2008 was finished, more news is released. The Department of Justice is currently negotiating with Bank of America over mortgage backed securities. These securities are thought to be directly linked to the nation’s financial collapse. Like other financial agencies before them, Bank… Read More »

How final must finality be? Pt.2

Dismissal of a Chapter 13 bankruptcy can have very damaging consequences for a debtor. The automatic stay, which protects a debtor from all collection activity while the bankruptcy is active, is terminated by the dismissal of the case. This leaves a debtor open to any collection activity permissible under state law, including repossession and foreclosure…. Read More »