Latest on the Bankruptcy Blog

New Mexico Attorney General Gary King has accused a Texas-based loan company, FastBucks, of trying to “weasel out” of paying $20 million of restitution to New Mexico residents by filing for bankruptcy. This would leave many in New Mexico high and dry when it comes to their loans and credit, not to mention abuse on  … Read more

A former Jefferies Group executive has been charged in a mortgage debt fraud case that involves the defrauding of the recent United States banking bailout. U.S. authorities have named Jesse Litvak as the charged. Litvak was a senior trader on the Jefferies’ trading floor, located in Stamford, Connecticut. The case against Litvak is the first  … Read more

When dealing with debt negotiations, you might need to know a good starting place. Where do you begin? Who should you get in touch with? What are your rights when it comes to a debt negotiation? These are questions that you need to answer before considering the negotiation process, and long before you actually enter  … Read more

This week in bankruptcy news: a leader in K-12 educational products, School Specialty Inc., files for Chapter 11 and receives $50 in financing from a private investment firm to pursue reorganization goals. Stockton, CA receives approval from the bankruptcy judge to make vital purchases for the city’s continued operations as part of their ongoing Chapter  … Read more