|
BANKRUPTCY FEES INCREASE ON NOVEMBER 1, 2011
In October 2011, on quite short notice, an increase
in the filing fees for bankruptcy cases was announced. Fees for Chapter 7 and Chapter 13 are going up by $7 each.
| Type of Case
| Old Fees | New Fees as of 11/1/11 | | Chapter 7 | $299.00 | $306 | | Chapter 13 | $274.00 | $281.00 | | Chapter
11 | $1,039.00 | $1,046.00 | | | | Motion for Relief | $150.00 | $176.00 | | Adversary
Proceeding | $250.00 | $293.00 |
Bankruptcy Mortgage Modification:
2011 update: Sadly, this
is not likely to pass anytime soon. While I believe that a judicially supervised mortgage program is perfectly suited
for bankrutpcy judges to administer, the creditors have fought hard to prevent this from occurring.
2008:
Senate Majority Leader Harry Reid (D, NV) introduced S. 2636, the Foreclosure Prevention Act of 2008 and
indicated that the bill will be considered on the Senate floor as early as the week of February 25th 2008.
Title
IV of the bill is the original S. 2136 introduced by Senator Durbin and is supported by NACBA (National Association of Consumer
Bankruptcy Attorneys).
Title IV will help families save their homes from foreclosure by allowing for bankruptcy
court-supervised loan modifications.
This is a very exciting development.
We will need to generate a
lot of constituent calls and letters in support of the bill.
Article: Mortgage Loan Modification May Soon Be Allowed in Chapter 13 Bankruptcy
|
