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Bankruptcy Law Blog

Friday, May 22, 2015

Bankruptcy Petitioner Attempts to Block $13.08 Million Auction


Can a bank foreclose on a property when the mortgage documents were forged?

Danny Ray Butler is fighting a thirteen million dollar battle from a federal prison.  Butler filed for an emergency injunction to prevent the sale of 4 parcels of real estate.  He says that the mortgage on four parcels of real estate was forged and that he never signed mortgage papers.
Read more . . .


Thursday, May 21, 2015

Article 9 Repo Sales Gaining Popularity


What are alternatives to Chapter 11 Bankruptcy?

Recently creditors’ seeking to dispose of the assets of a delinquent borrower through Article 9 of the Uniform Commercial Code instead of in Bankruptcy court has become a popular procedure.  To repossess encumbered assets and sell them under the UCC, a creditor only has to perform a lien search, notice the interested parties, and conduct the sale.


Read more . . .


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Alabama State Bar Association Regulations require the following: "No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers." 11 U.S.C. 528 of the U.S. Bankruptcy Code requires the following: "We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.”