The Third Circuit Rules in Favor of the Bankruptcy Estate Creating a Further Circuit Split
USA, Banking, Insolvency & Restructuring, Litigation, Private Client & Offshore Services, Tax, ArentFox Schiff, Bank holding company, Federal Deposit Insurance Corporation (USA), United States bankruptcy court, Third Circuit
While some states have mandated delays to the foreclosure process, curbing the number of foreclosure filings in recent months, many report that such legislation is only a temporary cure. Foreclosure filings include default notices, auction sale notices and bank repossessions. According to James J. Saccacio, chief executive officer of RealtyTrac, October marked the 34th consecutive month where U.S. foreclosure activity increased compared to the prior year. RealtyTrac U.S.
USA, Insolvency & Restructuring, Bricker & Eckler LLP, Bankruptcy, Debtor, Mortgage loan, Personal property, Foreclosure, Moratorium, Default (finance), Federal Deposit Insurance Corporation (USA), US Department of the Treasury, Chief executive officer