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NY Foreclosure Mill Steven J. Baum Banned From Working on Freddie Mac Loans
National mortgage servicing giant Freddie Mac has barred its loan servicers from referring any new foreclosure or bankruptcy cases in New York State to Steven J. Baum PC, delivering a severe blow to a firm that depends on such work.
Updated: 11/16/2011 09:53A
MF Global Brokerage Trustee Asks to Return $520 Million in Customer Money
Under bankruptcy law, assets must be shared equally among customers, so he can't release all the assets while money is missing from some accounts and until he knows the size of claims that will be filed for the collateral, he has said.
Updated: 11/16/2011 09:52A
Gerald Celente: MF Global “Took my Money”
Sign-up for my 100% FREE Alerts Ironically, Celente, who advocates holding physical gold as protection from a collapsing financial system, uses a futures to buy paper gold, temporarily, with the intention of taking delivery of physical gold at the
Updated: 11/16/2011 09:51A
Postal Service loses $5.1 billion last year
WASHINGTON -- The US Postal Service said Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use drive down mail
Updated: 11/16/2011 09:47A
The Clare files for bankruptcy
The building that shares space with Loyola's School of Communication, The Clare at Water Tower Place, filed for Chapter 11 bankruptcy Monday morning. Loyola owns the land the retirement community is built on and holds a 99-year lease agreement with
Updated: 11/16/2011 09:47A
Irish Sean Quinn Declares Bankruptcy
November 16, 2011, 9:53, (Property Xpress) - Sean Quinn has been declared bankrupt in a Northern Ireland court over EUR 2.8 bln of debts to the state-owned ... The rest of this article is for Property Xpress users, subscribed to the SEE and Ukraine
Updated: 11/16/2011 09:45A
There Is Power in Community Allies
New York Communities for Change is one of the largest regionally focused splinter factions to emerge from ACORN, the community organizing group that filed for bankruptcy in 2010. Jesus Najera's job at the Brooklyn grocery store Master
Updated: 11/16/2011 09:45A
MF Global trustee moves to return $520 mn in client cash
Open trading positions were transferred to other brokers a week ago, along with about 60 per cent of their collateral, but clients with cash only were unable to move their money out. The distributions, applicable to those who held only cash in their
Updated: 11/16/2011 09:45A
Trailer Bridge files for Chapter 11 bankruptcy
Trailer Bridge, Inc. (NASDAQ: TRBR) today announced that it has filed a voluntary petition under Chapter 11 of the US Bankruptcy Code. The petition was filed in the US Bankruptcy Court for the Middle District of Florida. Trailer Bridge says its filing
Updated: 11/16/2011 09:44A
Jersey Woman Who Rented Property From Whoopi Goldberg Calls Her A 'Merciless
About a year later, she filed for bankruptcy in Wyoming, where apparently she had been living. My former tenant owed the bank that held the mortgage on the leased property over $350000 and was in default on her mortgage as well as her rent.
Updated: 11/16/2011 09:42A
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