Two-Year Delay in Confirmation Requires Holding Another Valuation Hearing (Rochelle’s Daily Wire)

Rochelle’s Daily Wire posted an interesting article about District Judge Robin L. Rosenberg’s opinion that “two-year delay in confirmation obliged the bankruptcy court as a matter of law to hold another hearing to value a secured creditor’s collateral.” Here is a snippet of the article: “A chapter 11 debtor filed a motion to value collateral under Section… Continue reading Two-Year Delay in Confirmation Requires Holding Another Valuation Hearing (Rochelle’s Daily Wire)

The FHA Selling Off Foreclosed Homes

Here’s a look at the government’s plan to sell off the foreclosed homes that were owned by Fannie Mae. “The Federal Housing Finance Agency sold 700 Florida foreclosures owned by Fannie Mae to a San Diego-based  company that paid $12.3 million for an interest share. The sale, which closed Thursday, is the first in the… Continue reading The FHA Selling Off Foreclosed Homes

Chapter 7 Debtor has 240 Pairs of Shoes

FORT LAUDERDALE, Fla. — Former NFL star Warren Sapp owes more than $6.7 million to creditors and back child support and alimony, according to a Chapter 7 bankruptcy filing in South Florida. Sapp’s $6.45 million in assets includes 240 pairs of Jordan athletic shoes worth almost $6,500, a $2,250 watch and a lion skin rug… Continue reading Chapter 7 Debtor has 240 Pairs of Shoes