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Bankrupcy News.
Senators Continue Work on Housing Plan
Senate Banking Committee Chairman Chris Dodd (D-Conn.) and Sen. Richard Shelby (R-Ala.) continue work on a deal that would help homeowners facing foreclosure and tighten the reins on mortgage giants Fannie Mae and Freddie MacRead More

Fannie Mae to Lift Loan Limits in Worst-Affected U.S. Regions
Fannie Mae, the largest U.S. mortgage-finance company, said today that it is ending a policy of requiring bigger down payments on mortgages in regions where home prices are droppingRead More

Struggling California City Rejects Union Proposal
Vallejo, Calif., officials have rejected a contract proposal from police and fire unions that union leaders claim would save the city from bankruptcyRead More

Court Approves Sharper Image Auction Sale
Gadget retailer The Sharper Image Corp. moved one step closer to exiting bankruptcy when a federal court on Wednesday agreed to let the company sell itself in a bankruptcy auction near the end of the monthRead More

Trial Opens in Parmalat's Case against Citigroup
More than four years after the bankruptcy of Italy's Parmalat SpA, the food company is set to began presenting its case to a U.S. jury yesterday accusing Citigroup Inc. of playing a key role in its collapseRead More
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Upcoming Events.

15th Annual Central States Bankruptcy Workshop
June 12-15, 2008
Traverse City, Michigan

15th Annual Northeast Bankruptcy Workshop & Consumer Forum
July 10-13, 2008
Brewster, MA

13th Annual Southeast Bankruptcy Workshop
July 16-19, 2008
Amelia Island, Florida

4th Annual Mid-Atlantic Bankruptcy Workshop
July 31-August 2, 2008
Cambridge, Maryland

16th Annual Southwest Bankruptcy Conference
September 4-6, 2008
Las Vegas, Nevada

Upcoming Events.

110th Congress

P.L. 110-142. Mortgage Forgiveness Debt Relief Act of 2007.
 
H.R. 5830, To create a voluntary FHA program that provides mortgage refinancing assistance to allow families to stay in their homes, protect neighborhoods, and help stabilize the housing market.
 
H.R. 5679, To amend the Real Estate Settlement Procedures Act of 1974 to require mortgagees for mortgages in default to engage in reasonable loss mitigation activities.
 
H.R. 3221, A bill to provide needed housing reform and for other purposes. (Senate housing stimulus package).
 
S. 2753, To protect consumers, and especially young consumers, from skyrocketing credit card debt, unfair credit card practices, and deceptive credit offers.
 
H.R. 5579, To remove an impediment to troubled debt restructuring on the part of holders of residential mortgage loans, and for other purposes.
 
H.R. 5138, To amend title 11 of the United States Code to provide protection for medical debt homeowners, to restore bankruptcy protections for individuals experiencing economic distress as caregivers to ill or disabled family members, and to exempt from means testing debtors whose financial problems were caused by serious medical problems.
 
 



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