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2. Court auction - Wikipedia

   en.wikipedia.org/wiki/Court_auction

   The creditor can object up to twice if the result of the auction is not sufficient to fulfil the claim. The bidder must deposit security in the amount of 10%. The highest bidder becomes the owner of the real property. If the claim is greater than the market value of the real property, debts are handled in an insolvency proceeding. [3] [4]

3. Resolution Trust Corporation - Wikipedia

   en.wikipedia.org/wiki/Resolution_Trust_Corporation

   RTC literature in the Federal Deposit Insurance Corporation history exhibit. The Resolution Trust Corporation (RTC) was a U.S. government-owned asset management company first run by Lewis William Seidman and charged with liquidating assets, primarily real estate-related assets such as mortgage loans, that had been assets of savings and loan associations (S&Ls) declared insolvent by the Office ...

4. Foreclosure - Wikipedia

   en.wikipedia.org/wiki/Foreclosure

   Nevertheless, in an illiquid real estate market or if real estate prices drop, the property being foreclosed could be sold for less than the remaining balance on the primary mortgage loan, and there may be no insurance to cover the loss. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the ...

5. Bankruptcy in the United States - Wikipedia

   en.wikipedia.org/wiki/Bankruptcy_in_the_United...

   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were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...

6. Skid Row receiver resigns, prolonging formerly homeless ...

   www.aol.com/news/skid-row-receiver-resigns...

   But on the eve of Thursday’s hearing, Adams filed a declaration saying he had reached terms with Avatar Financial Group, a Seattle-based private real estate lender, on a $12-million loan at a 15 ...

7. See Inside Renée Zellweger’s Former L.A. Home That ... - AOL

   www.aol.com/see-inside-ren-e-zellweger-105528745...

   The 4,414-square-foot property includes access to private hiking trails and a back patio equipped with an infinity-edge pool See Inside Renée Zellweger’s Former L.A. Home That She Sold to Move ...

8. Bankruptcy - Wikipedia

   en.wikipedia.org/wiki/Bankruptcy

   For companies, formal bankruptcy is a normal effect of insolvency, even if there is a reconstruction mechanism where the company can be given time to solve its situation, e.g. by finding an investor. The government can pay salaries to employees in insolvent companies which do not pay them, but only if the company is declared bankrupt.

9. Social Security and Medicare Are Going Insolvent. Neither ...

   www.aol.com/news/social-security-medicare-going...

   Social Security is expected to hit insolvency in 2035, while the portion of Medicare that pays for hospital visits and other medical care will be insolvent by 2036.