While bankruptcies in March rose 18% from a year earlier, April filings did not see a surge due to the COVID-19 pandemic. A Florida-based attorney who specializes in foreclosures and bankrupticies said businesses that may be in trouble are currently taking a wait and see approach. The Associated Press reported that business bankruptcies jumped in March. However, in April there was a […]
Bankruptcy Strategies for Financially Distressed Commercial Tenants During the COVID-19 Pandemic and Beyond
The current COVID-19 pandemic is presenting numerous challenges for commercial tenants and will continue to do so even when the existing crisis is over. There will likely be an unprecedented number of bankruptcy filings in the near future. Landlords are facing pressure from their mortgage lenders to pay their mortgages, even when no rental income is being received from their […]
URGENT UPDATE: COVID-19 Webinar To Include Special Discussion on Stimulus Package For businesses and individuals.
Watch The Live Stream Of Roy Oppenheim on Strategic Default. Plus An Added Special Discussion on Stimulus Package For businesses and individuals. Description Zoom in at Noon with Roy Oppenheim : “Strategic Default: How It is Different from the Great Recession and Strategies to Renegotiate Loans and Debts” And Special Discussion on Stimulus Package For businesses and individuals. Mar 31, 2020 […]
It seems as though there is something paranormal about the way bankruptcy proceedings will now deal with stale, old debt. Previously, creditors were not able to make claims in bankruptcy proceedings for stale debts that were time-barred by the Statute of Limitations. Generally, most creditors’ claims on these old debts were considered “unconscionable” and thus in violation of the […]
Written by Samantha Joseph, Daily Business Review. Kenneth Welt, senior U.S. bankruptcy trustee for the Southern District of Florida, said strong demand is gobbling up the inventory of distressed real estate sold through a pilot program designed to bypass foreclosure.
Humpty Dumpty has had his great fall, thanks to an outstanding bankruptcy judge who has all but dismantled the Mortgage Electronic Registration System (MERS) thanks to his recent ruling. Last week New York Judge Robert Grossman ruled that all of MERS’ business practices are illegal. It’s a staggering blow to the banks and their endless efforts to circumvent due process. […]
Always on the front lines of Florida foreclosure news and court rulings, Roy Oppenheim is hosting a real estate workshop this Thursday with up-to-the-minute information about mortgage modifications, foreclosure strategies, short sales, and bankruptcy. If you or anyone you know is struggling with real estate questions or may be facing foreclosure, the workshop this Thursday will offer insight to your […]
With about 6 million folks going to lose their homes to foreclosure this year, I have been repeatedly asked what kind of grade I give the Obama administration in addressing the foreclosure crisis during the first 100 days. I would say a B or B-. Let me explain. On the one hand, there has been some improvement in the overall […]