We offer regular updates and thoughts on current issues. Please check back regularly for the latest on legal issues surrounding credit issues, personal finance and bankruptcy and the foreclosure crisis.
Texas AG files fraud suit against Credit Solutions of America 12:00 AM CDT on Saturday, March 28, 2009 By PAMELA YIP / The Dallas Morning News pyip@dallasnews.com
Texas Attorney General Greg Abbott has filed a lawsuit against a Richardson debt settlement company, accusing it of defrauding Texans by failing to negotiate settlements with its customers' creditors.
Mortgage Fraud Task Forces Falling Short
by Rachael Myrow Weekend Edition Sunday, March 15, 2009 · The cold light of the recession has shown that the housing bust was built on more than simple greed and hysteria. Mortgage fraud "task forces" now are trying to track down those who broke the law in their quest for real estate riches. But there's a shortage of investigators to figure it all out.
Judge is witness to broken dreams
By Kevin Modesti, Staff Writer Updated: 03/01/2009 02:59:11 AM PST
Judge Geraldine Mund of the U.S. Bankruptcy Court in Woodland Hills treads between the lines of humor, frivolity, patience, leniency, decisiveness and brusqueness when dealing with the debtors and creditors.
One in five U.S. mortgage borrowers are underwater
By Jonathan Stempel NEW YORK (Reuters) - One in five U.S. homeowners with mortgages owe more to their lenders than their properties are worth, and the rate will increase as housing values drop in states that have so far avoided the worst of the crisis, a new study shows.
House of Cards: The Faces Behind Foreclosures David Von
Drehle, www.time.com, February 26, 2009 Jeff Wagoner is a bankruptcy attorney in Kansas City, Mo., with the brush-cut hair and clear eyes of a former Navy aviator. From his office in a tower on a hill, he can see miles of prairie and a world of hurt. Wagoner's clients (and he has plenty these...
Obama signs stimulus into law, housing moves next
DENVER (Reuters) - President Barack Obama signed a $787 billion economic stimulus bill into law on Tuesday as global markets plunged on fears that the recession would deepen despite government action around the world.
White House dampens stimulus expectations
WASHINGTON (Reuters)- President Barack Obama's aides warned Americans on Sunday not to expect instant miracles from the $787 billion economic stimulus bill he will sign this week, but said it would help eventually..