Hodges v. NewRez, LLC d/b/a Shellpoint Mortgage Servicing and The Bank of New York Mellon, 1:25-cv-10147 (D. Mass.) The case seeks classwide relief against mortgage servicer NewRez, LLC, and loan holder Bank of New York Mellon for their mishandling of “zombie” second mortgages. The complaint alleges that the defendants failed, as a matter of systematic…
This article explains the implications of bankruptcy rule changes for individual debtors and provides resources to deal with the changes.
Read More about Digital Library: Extensive Bankruptcy Rules Changes Now In Effect
NCLC will pursue common-sense regulatory and legislative reforms to ensure fairness, fight fraud, and protect consumers in 2025.
This article aids practitioners and others working with clients in determining when a client should or should not file bankruptcy, including the top seven reasons to file and seven reasons not to file bankruptcy. Just as important is knowing the best time to start planning for and filing a bankruptcy, and knowing the cost of filing…
Read More about Digital Library: When (and When Not) to File Bankruptcy
These comments request that the Bankruptcy Rules Committee consider an amendment to Rule 3001(c) to fix a substantive change made by the restyling of the rule that may have limited the ability of a bankruptcy court to impose sanctions for creditor noncompliance with the proof of claim requirements.
Published 12/12/2022; Updated 2/15/24 A new Guidance from the Department of Justice (Department), issued in coordination with the Department of Education (Education), has the potential to change bankruptcy practice dramatically. Until now, attorneys have not thought of bankruptcy as a way to help clients struggling with student loan debt. If the Guidance is implemented as…
Read More about New Process to Discharge Student Loans in Bankruptcy
