Posted on September 30th, 2009
One of the most troubling times for any family is when it is faced with the prospect of foreclosure. Whenever a bank threatens to foreclose on a home, many people believe they are defenseless.
However, the homeowners have rights and can fight about against the banks. And in some cases, the homeowners may discover that the banks tried to deceive them in order to foreclose the home earlier than necessary.
Such deceptive practices by banks are becoming more common during the recent recession. Because of the troubling economic times, banks are trying to foreclose on homes as quickly as possible to acquire cash and other assets. However, most people have the right to fight back against the bank.
If you have been threatened by your bank with a foreclosure, contact the Milwaukee foreclosure defense lawyers of the DeLadurantey Law Office at 414-377-0518.
Posted on September 24th, 2009
Although economy is starting to recover, many families still find themselves loaded with debt expenses. In many cases, these families are not able to repay the interest or principal on the debt.
One option for these families is to turn to debt renegotiation. Under debt renegotiation, the indebted family can work with a lawyer, who will help the family in the following ways:
- Determine the amount and timing of the debt.
- Set up a debt repayment plan that fits the family’s budgets and expectations.
- Contact the appropriate creditors and negotiate with them to accept the plan.
Although every family is not eligible for debt renegotiation, it could be a viable option for many families seeking to avoid court proceedings. If you or your family is facing debt problems, contact the Milwaukee debt renegotiation lawyers of the DeLadurantey Law Office at 414-377-0518.
Posted on September 16th, 2009
CIB Marine Bancshares filed for Chapter 11 bankruptcy Tuesday, according to the company’s CEO. The bank holding company received trust security-holder approval to exchange the securities for preferred stock.
The exchange will help the company reorganize under Chapter 11. Pending a confirmation by a bankruptcy judge, a company spokesperson said the company expects the reorganization effort to last 45-60 days.
If your company is considering filing for bankruptcy, contact the Milwaukee bankruptcy lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.
Posted on September 11th, 2009
Earlier today a post was published on this blog stating that Liz Claiborne is currently emerging from bankruptcy. This is incorrect; Liz Claiborne is NOT currently in, nor is it filing for, bankruptcy.
We would like to retract our previous post and sincerely apologize to Liz Claiborne for the mistake.
Posted on September 9th, 2009
As many homeowners attempted to refinance their home loans the past few months, some of them were victims of fraud by banks attempting to take advantage of their desperate situation.
In response, the Wisconsin Department of Agriculture, Trade, and Consumer Protection issued a consumer advisory warning regarding foreclosure rescue services and loan modification offers.
These scams typically occurred when a company fraudulent offered a homeowner the opportunity to refinance their mortgage payments. After receiving the homeowner’s personal and financial information, the company would steal funds from the homeowner, putting that individual further into debt.
If you believe that you are a victim of such refinancing fraud, contact the Milwaukee debt renegotiation lawyers of the DeLadurantey Law Office, LLC, at414-377-0518.
