Mortgage loan | Global Insolvency

In re Crane: update on appellate and legislative efforts to clarify Illinois mortgage requirements

11 July 2012

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Bankruptcy court decision in Illinois holds that mortgage can be avoided because of failure to include loan terms in mortgage document

22 May 2012

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Bankruptcy court in Illinois holds that a mortgage is avoidable in bankruptcy if the mortgage as recorded does not state the maturity date and interest rate of the underlying debt

15 May 2012

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Chesterfield and Cherryland decisions bring uncertainty to mortgage loans

02 May 2012

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U.S. Bankruptcy Court holds Illinois mortgage may be avoided for failure to state interest rate and maturity date

20 April 2012

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Illinois mortgages subject to avoidance in bankruptcy absent strict adherence to Illinois mortgage statute

20 April 2012

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New bankruptcy proof of claim rules take effect

14 March 2012

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Legislation proposed in State of Michigan to declare solvency covenants of non-recourse loans unenforceable

07 March 2012

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New bankruptcy rules require additional documentation and notification from mortgage holders and servicers in individual debtor and Chapter 13 cases

07 February 2012

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Justice department claims $25 billion foreclosure settlement reached with largest mortgage servicers

10 February 2012

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