Florida Bankruptcy Lawyer Blog

The best business in 2007 was the foreclosure business. Foreclosures were up 75% last year nationwide. Nationwide, at least 1% of all households were in some type of foreclosure. According to the 2007 United States Foreclosure Market Report, there were 2,203,295 mortgage foreclosures filed in the United States. Foreclosure mills (law firms that process foreclosures) and their attorneys were working overtime trying to keep up with the demand. Not many other businesses can say that their business was up 75% over the year before.

Continue reading " Nationwide Foreclosures Soar - 765 a day in Florida " »

Posted by Carmen Dellutri | Permalink | Email This Post

Posted In: Foreclosure Defense , Mortgage Foreclosures , Southwest Florida News

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The Fair Debt Collection Practices Act (FDCPA) is a federal statute which protects consumers from unscrupulous debt collectors. Despite that the FDCPA has been around for a long time, debt collectors violate the statute routinely. For violations, the FDCPA mandates statutory damages in the amount of $1,000.00 and actual damages, if any, and attorney's fees and costs. Recently, a Judge in Jackson County, Missouri ordered a debt collector named Merchant's Retail Credit Association (MRCA) to pay $854,389.00 in damages to Gilbert Maddux, Dolores Maddux and Jenni Maddux.

Continue reading " Debt Collector To Pay $854,389.00 In Damages " »

Posted by Carmen Dellutri | Permalink | Email This Post

Posted In: Debt Collection Cases of Interest , Debt Collection Law , Fair Debt Collection , Good News

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This post is published by Carmen Dellutri, Esq. Board Certified Consumer Bankruptcy Attorney.

You may recall that bankruptcy filings surged in 2005 prior to the bankruptcy laws being changed. As expected, 2006 was a relatively slow year in the bankruptcy world when it came to new filings; however, each and every bankruptcy attorney truly committed to his or her practice knew what was going to happen in the future.

Continue reading " Bankruptcy Filings Surged in 2007 And Will Continue in 2008 by Bankruptcy Attorney Carmen Dellutri " »

Posted by Carmen Dellutri | Permalink | Email This Post

Posted In: Bankruptcy Statistics , Foreclosure Defense , Mortgage Foreclosures , Southwest Florida News

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Well, the U.S. Government has finally done it! We, the taxpayers of the United States, are in debt over $9,000,000,000,000.00. As shocking as it sounds, our spend-thrift ways and our ambitious politcians have put us into a debtor's prison.

Continue reading " U.S. Debt Hits 9 Trillion Dollar Mark " »

Posted by Carmen Dellutri | Permalink | Email This Post

Posted In: Economic Data

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Last week, the Chairman of the Federal Reserve, Ben S. Bernanke, sent a strong message that the central bank may lower interest rates in another attempt to hold off a recession. Mr. Bernacke added that the Fed will continue to monitor monetary policy and may well have to lower interest rates again.

Continue reading " Another Fed Rate Cut: What Does It Mean for Southwest Florida? " »

Posted by Carmen Dellutri | Permalink | Email This Post

Posted In: Economic Data

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