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The CARES Act, Consumer Bankruptcy, and Mortgage Servicing

Sawin & Shea

Though enacting the CARES Act helped, those dealing with hefty mortgage payments and considering bankruptcy, for example, weren’t entirely clear on their options. However, the situation was a bit more complicated for those already in bankruptcy or considering it. What is the CARES Act?

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The CARES Act, Consumer Bankruptcy, and Mortgage Servicing

Sawin & Shea

Though enacting the CARES Act helped, those dealing with hefty mortgage payments and considering bankruptcy, for example, weren’t entirely clear on their options. However, the situation was a bit more complicated for those already in bankruptcy or considering it. What is the CARES Act?

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Television Production Contract is not Personal Service for Purposes of Assumption and Assignment Under Section 365(a) of the Bankruptcy Code

ABI

John’s University School of Law American Bankruptcy Institute Law Review Staff Title 11 of the United States Code (the “Bankruptcy Code”) provides under section 365(a) that a debtor in possession may, “subject to the court’s approval… assume or reject any executory contract or unexpired lease of the debtor.” [1] Declan Considine St.

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Graham Stieglitz Discusses Subchapter V Bankruptcy Process for Full-Service Restaurant

Burr Forman

As these restaurants seek remedies to get their businesses on the right track, Graham Stieglitz authored a December 2020 article for Full-Service Restaurant Magazine (FSR) discussing efficient restructuring processes available to qualifying businesses under the Small Business Reorganization Act (SBRA).

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Amendments To The Federal Rules Of Bankruptcy Procedure Take Effect December 1, 2021

In the Red

. Each year amendments are made to the Federal Rules of Bankruptcy Procedure, which govern how bankruptcy cases are managed. The amendments address issues identified by an Advisory Committee made up of federal judges, bankruptcy attorneys, and others. The rule amendments are ultimately adopted by the U.S.

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District Court Reverses Bankruptcy Court Order Imposing Sanctions on Mortgage Servicer

Consumer Financial Services Law

Bankruptcy Court for the Eastern District of North Carolina. The bankruptcy court order held mortgage servicer Newrez, LLC (“Newrez”) and the holder of the mortgage note at issue in civil contempt for failing to abide by the terms of the individual debtors’ confirmed chapter 11 plan (the “Plan”). By: Landon G. Lorenzen , 139 S.

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CFPB Denies Petition in Student Loan BK Collection Discharge Investigation

Account Recovery

The Consumer Financial Protection Bureau has denied a petition from the Pennsylvania Higher Education Assistance Agency to set aside a civll investigative demand into whether the servicer maintained adequate policies and procedures to determine whether loans were dischargeable in bankruptcy and if attempts were made to collect on loans that had been (..)