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Upon the filing of a bankruptcy case, generally all of the debtor's property becomes property of a bankruptcy estate. A bankruptcy estate is defined broadly in the Bankruptcy Code to includes all of the debtor's rights to property. [11] The use of exemptions is generally only in personal bankruptcy case and not in business cases, such as those ...
Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...
The United States District Court for the District of New Mexico (in case citations, D.N.M.) is the federal district court whose jurisdiction comprises the state of New Mexico. Court is held in Albuquerque , Las Cruces , and Santa Fe .
New year, same old real estate market: The high mortgage rates, scarce inventory and dismal affordability that have plagued housing look set to linger. NBC Universal 25 days ago The housing market ...
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On July 11, 2008, IndyMac Bank was placed into conservatorship by the FDIC and on August 6, 2008, the bank filed for Chapter 11 bankruptcy protection. American Home Mortgage Servicing Inc. was sold to Wilbur Ross & Co. LLC, as part of the bankruptcy liquidation, in November 2007. [9]
New Century Financial Corporation was a real estate investment trust that originated mortgage loans in the United States through its operating subsidiaries, New Century Mortgage Corporation and Home123 Corporation. It was founded in 1995. [2] In 2004 it converted to a real estate investment trust. [2]
Maison de L'Amitié (House of Friendship) was a French Regency-style estate in Palm Beach, Florida, United States. The plot area was about 270,000 square feet (25,000 m 2) and bordered a length of 492 feet (150 m) on the Atlantic Ocean. It was one of the largest and most expensive homes in the United States.