Lawyer Fraud Sanctions Threat: BK judge oder

Another Arizona Beat Down From u.s. Bk Judge Eileen w. Hollow Ell! in Re Julia v. Vasquez

I had found this gem today and it did not escape my notice that Tiffany and Bosco were included!

The Battle for Stuyvesant Town - NYTimes.com

The Battle for Stuyvesant Town - NYTimes.com: "LEGAL
The Battle for Stuyvesant Town
September 7, 2010, 5:00 PM

The fate of Stuyvesant Town and Peter Cooper Village rests on the interpretation of one clause in a legal agreement.

Depending upon a judge’s reading of this agreement, control of the gargantuan housing complex in lower Manhattan will go either to the two investment funds Pershing Square Capital Management and Winthrop Realty Trust or to the senior lenders to the project, which include Fannie Mae and Freddie Mac.

This battle between these two parties originates in the financing structure for the $5.4 billion October 2006 acquisition of Stuyvesant Town by the Tishman Speyer Development Corporation."

At the time of this financing, the senior and mezzanine lenders entered into an intercreditor agreement to govern their relationship. This is an arrangement typically entered into by creditors with differing security interests to ensure that their relationship terms are set forth at the beginning of the investment. The general purpose of the agreement is to make sure that the senior creditors subordinate the more junior lenders, meaning that the payment of the senior lender debt comes first.

In January, Tishman decided to cease paying all of the debt, both senior and mezzanine. This was the equivalent of deciding to hand over the keys to Stuy Town to these lenders.

Yet the battle only really began on Aug. 6, when Pershing and Winthrop bought the three most senior tranches of the mezzanine loans. Winthrop had actually held an interest in the loans since 2007.
The loans had a face value of $300 million but the two funds paid>>>>KEEP READING 

Eight credit-repair tips after bankruptcy Jennifer Waters's Consumer Confidential - MarketWatch

With HOUSING continuing to tank, unemployment staying high and home values plunging - more and more people will be filing for Bankruptcy. Here is some info that might drive out the fear and help you save your home. REmember strategic default will now mean that you cannot get credit to buy a home for 7 years.

Eight credit-repair tips after bankruptcy Jennifer Waters's Consumer Confidential - MarketWatch:

"A growing number of consumers are taking the bankruptcy plunge. U.S. consumer bankruptcy filings for the year ended June 30 popped 21% to 1.51 million. Coupled with the nearly 60,000 business bankruptcies in the same period, filings reached a level not seen since 2005.

Some 422,061 bankruptcies were filed from April to June, pushing past the 400,000 mark for the first time since the fourth quarter of 2005. At that time, 667,431 bankruptcies were reported as consumers rushed to file before Congress changed the laws that tightened eligibility.

There's some good news for filers: There's no red 'B' written on your chest.

'Nowadays lenders pay greater attention to other factors,' Watts said. 'If you mind your Ps and Qs after the bankruptcy, you can restore your credit rating once the bankruptcy data finally falls off your credit report.'"

>>>>>KEEP READING by clicking on title link

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How to handle OVERWHELMING DEBT - several videos and choices

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SEVERAL VIDEOS with various ways to deal with debt.

DO IT YOURSELF

DAVE RAMSEY

HOW DEBT COLLECTORS BREAK THE LAW

Myths by dave ramsey

MORTGAGE SHOULD YOU PAY???

Become Debt Free: Testimonial

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Today we are taking a sidestep.

My daughter has been going through a program and her friends Tiffany & Josh are featured in this embedded video of the Dave Ramsey show. They tell the story of how they went from thousands of dollars in debt to totally debt free in less than 2 years. Knowing this young couple and the story makes me want to share it with you, my writing friends. Enjoy! They are about 3 interviews in on the show.