Debt Relief Orders Let Consumers Go Bankrupt Through Credit Counselors

An interesting new development in the UK is the formalization of a new tool, the Debt Relief Order, to let consumers eliminate their debts under the power of bankruptcy but without all the hassle or cost. For debtors that have less than £15,000 of unsecured debt and no assets, they can go to a credit … Read more

Bankruptcy Judges Should Have the Power to Modify Mortgages

The sagging home values are drawing attention to a gaping hole in bankruptcy protection, the ability for U.S. bankruptcy judges to be able to modify the terms of a mortgage to keep people in their homes that want to pay. A couple of recent article really caught my eye, “Delahunt: Empower judges to modify mortgages” … Read more