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	<title>WWR Bankruptcy &#62; Your Bankruptcy News &#38; Information Source &#187; Beth Schenz</title>
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	<link>http://wwrbankruptcy.com</link>
	<description>WW&#38;R Bankruptcy practice group of Weltman, Weinberg &#38; Reis, the nation's largest creditor's rights law firm, is your source for bankruptcy news and information. We are committed to helping clients thrive in these ever changing times.</description>
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		<title>Bankruptcy &amp; The Economy: A Valuable Session</title>
		<link>http://wwrbankruptcy.com/2010/05/06/bankruptcy-the-economy-a-valuable-session/</link>
		<comments>http://wwrbankruptcy.com/2010/05/06/bankruptcy-the-economy-a-valuable-session/#comments</comments>
		<pubDate>Thu, 06 May 2010 18:02:16 +0000</pubDate>
		<dc:creator>Beth Schenz</dc:creator>
				<category><![CDATA[Bankruptcy Court]]></category>
		<category><![CDATA[Bankruptcy Filings]]></category>
		<category><![CDATA[Chapter 11]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Chapter 7]]></category>
		<category><![CDATA[Cleveland Metropolitan Bar Association]]></category>
		<category><![CDATA[loan modification]]></category>
		<category><![CDATA[seminar]]></category>
		<category><![CDATA[William J. O'Neill Regional Bankruptcy Institute]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=347</guid>
		<description><![CDATA[Cleveland, Ohio &#8211; May 6, 2010
The William J. O&#8217;Neill Regional Bankruptcy Institute, a part of the Cleveland Metropolitan Bar Association, is conducting a bankruptcy seminar offering an entertaining and comprehensive approach to the latest and best in the bankruptcy and insolvency arenas at the Marriott at Key Tower on May 12 and 13.  The two-day [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2010/05/06/bankruptcy-the-economy-a-valuable-session/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Pandora’s Box Opens:  Chapter 13 Plans May Be Final Even If Contrary to the Bankruptcy Code</title>
		<link>http://wwrbankruptcy.com/2010/03/24/pandora%e2%80%99s-box-opens-chapter-13-plans-may-be-final-even-if-contrary-to-the-bankruptcy-code/</link>
		<comments>http://wwrbankruptcy.com/2010/03/24/pandora%e2%80%99s-box-opens-chapter-13-plans-may-be-final-even-if-contrary-to-the-bankruptcy-code/#comments</comments>
		<pubDate>Wed, 24 Mar 2010 15:53:18 +0000</pubDate>
		<dc:creator>Beth Schenz</dc:creator>
				<category><![CDATA[Bankruptcy Filings]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Federal Rules of Bankruptcy Procedure]]></category>
		<category><![CDATA[11 U.S.C. 523(a)(8)]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Bankruptcy Code]]></category>
		<category><![CDATA[discharge]]></category>
		<category><![CDATA[Federal Rule 60(b)(4)]]></category>
		<category><![CDATA[student loan debt]]></category>
		<category><![CDATA[student loan exception]]></category>
		<category><![CDATA[Supreme Court decision]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=322</guid>
		<description><![CDATA[By Beth Ann Schenz, Esq. and Milan Kubat, Esq.
The Supreme Court admits that its decision from March 23, 2010, “is potential for bad-faith litigation tactics” by debtors. 
The Facts
A Chapter 13 debtor listed his student loan debt in his plan.  In the Chapter 13 plan, the debtor proposed to repay only the principal while the remainder [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2010/03/24/pandora%e2%80%99s-box-opens-chapter-13-plans-may-be-final-even-if-contrary-to-the-bankruptcy-code/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Business Bankruptcies:  Outlook for 2010 and What You Should Know</title>
		<link>http://wwrbankruptcy.com/2010/02/05/business-bankruptcies-outlook-for-2010-and-what-you-should-know/</link>
		<comments>http://wwrbankruptcy.com/2010/02/05/business-bankruptcies-outlook-for-2010-and-what-you-should-know/#comments</comments>
		<pubDate>Fri, 05 Feb 2010 15:40:07 +0000</pubDate>
		<dc:creator>Beth Schenz</dc:creator>
				<category><![CDATA[Bankruptcy Filings]]></category>
		<category><![CDATA[Chapter 11]]></category>
		<category><![CDATA[2010 outlook]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Business bankruptcy]]></category>
		<category><![CDATA[default rates]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=285</guid>
		<description><![CDATA[While they became stronger in 2009 (yes they became stronger), the financial institutions were more willing to write off the bad debts of companies and were less likely to restructure debts when companies became delinquent.  The result became a substantial increase in business bankruptcy filings in 2009.  The number of businesses filing for bankruptcy in [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Debtors Not Allowed to Retain If Current</title>
		<link>http://wwrbankruptcy.com/2009/10/07/debtors-not-allowed-to-retain-if-current/</link>
		<comments>http://wwrbankruptcy.com/2009/10/07/debtors-not-allowed-to-retain-if-current/#comments</comments>
		<pubDate>Wed, 07 Oct 2009 14:47:48 +0000</pubDate>
		<dc:creator>Beth Schenz</dc:creator>
				<category><![CDATA[2005 BAPCPA]]></category>
		<category><![CDATA[Chapter 7]]></category>
		<category><![CDATA[Motor Vehicle]]></category>
		<category><![CDATA[automatic stay]]></category>
		<category><![CDATA[collateral]]></category>
		<category><![CDATA[ipso facto]]></category>
		<category><![CDATA[Ninth Circuit Court of Appeals]]></category>
		<category><![CDATA[repossess]]></category>
		<category><![CDATA[repossession]]></category>
		<category><![CDATA[retain and pay]]></category>
		<category><![CDATA[statutory obligation]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=244</guid>
		<description><![CDATA[Most creditors are familiar with the phrase, “retain and pay”.  The bankruptcy code provides for certain treatment of debt, which is secured by personal property in Chapter 7 bankruptcies.  Specifically, the bankruptcy code provides that debtors must either reaffirm the existing debt, redeem the collateral or surrender the collateral (or assume or reject the lease.)  [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Not Gone and Not Forgotten: Bankruptcy Reform and Cram Down</title>
		<link>http://wwrbankruptcy.com/2009/08/26/not-gone-and-not-forgotten-bankruptcy-reform-and-cram-down/</link>
		<comments>http://wwrbankruptcy.com/2009/08/26/not-gone-and-not-forgotten-bankruptcy-reform-and-cram-down/#comments</comments>
		<pubDate>Wed, 26 Aug 2009 13:00:27 +0000</pubDate>
		<dc:creator>Beth Schenz</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Barney Frank]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[foreclosure crisis]]></category>
		<category><![CDATA[John Rao]]></category>
		<category><![CDATA[loan modifications]]></category>
		<category><![CDATA[National Consumer Law Center]]></category>
		<category><![CDATA[Susan Bodington]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=238</guid>
		<description><![CDATA[Last month, House Financial Services Committee Chairman Barney Frank (MA- D) indicated that he would revive the bankruptcy legislation that would allow debtors to cram down first mortgages.  Specifically, if the banks did not increase their efforts to modify existing home loans, Franks stated that he would revisit the bankruptcy cram down legislation. 
Not only is [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/08/26/not-gone-and-not-forgotten-bankruptcy-reform-and-cram-down/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Still Looming:  Bankruptcy Reform and Cramdown</title>
		<link>http://wwrbankruptcy.com/2009/07/24/still-looming-bankruptcy-reform-and-cramdown/</link>
		<comments>http://wwrbankruptcy.com/2009/07/24/still-looming-bankruptcy-reform-and-cramdown/#comments</comments>
		<pubDate>Fri, 24 Jul 2009 18:53:25 +0000</pubDate>
		<dc:creator>Beth Schenz</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Adam Levitin]]></category>
		<category><![CDATA[Alys Cohen]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[bankruptcy reform]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[foreclosure crisis]]></category>
		<category><![CDATA[HAMP]]></category>
		<category><![CDATA[Jeff Sessions]]></category>
		<category><![CDATA[Mark Calabria]]></category>
		<category><![CDATA[Richard Durbin]]></category>
		<category><![CDATA[Richard Genirberg]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=223</guid>
		<description><![CDATA[On July 23, 2009, the Senate Committee on the Judiciary, Subcommittee on Administrative Oversight and the Courts scheduled a hearing on &#8220;The Worsening Foreclosure Crisis: Is It Time to Reconsider Bankruptcy Reform?&#8221; Due to the rise in foreclosures and continuing high level of unemployment, Democratic senators are attempting to revisit the bankruptcy reform that would [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/07/24/still-looming-bankruptcy-reform-and-cramdown/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>United States Trustee&#8217;s Scrutiny of Mortgage Creditors (N.D. Ohio)</title>
		<link>http://wwrbankruptcy.com/2009/03/20/united-states-trustees-scrutiny-of-mortgage-creditors-nd-ohio/</link>
		<comments>http://wwrbankruptcy.com/2009/03/20/united-states-trustees-scrutiny-of-mortgage-creditors-nd-ohio/#comments</comments>
		<pubDate>Fri, 20 Mar 2009 18:40:41 +0000</pubDate>
		<dc:creator>Beth Schenz</dc:creator>
				<category><![CDATA[Local Procedures & Rules]]></category>
		<category><![CDATA[Proof of Claim]]></category>
		<category><![CDATA[collateral]]></category>
		<category><![CDATA[Credit Abuse Program]]></category>
		<category><![CDATA[residential mortgage]]></category>
		<category><![CDATA[Rule 9037]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=182</guid>
		<description><![CDATA[Yesterday, representatives from the United States Trustee’s Office (“UST”) conducted a town hall meeting with representatives from the creditor’s bar to provide details on a new initiative they are moving forward with called the “Credit Abuse Program.”  During the meeting, the UST indicated that it will be more closely scrutinizing documentation submitted by mortgage lenders [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/03/20/united-states-trustees-scrutiny-of-mortgage-creditors-nd-ohio/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Protect Your Mortgage Lien: Dealing with Ohio&#8217;s Dower Interest</title>
		<link>http://wwrbankruptcy.com/2009/03/16/protect-your-mortgage-lien-dealing-with-ohios-dower-interest/</link>
		<comments>http://wwrbankruptcy.com/2009/03/16/protect-your-mortgage-lien-dealing-with-ohios-dower-interest/#comments</comments>
		<pubDate>Mon, 16 Mar 2009 20:26:43 +0000</pubDate>
		<dc:creator>Beth Schenz</dc:creator>
				<category><![CDATA[Motion]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[abandonment]]></category>
		<category><![CDATA[automatic stay]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[bankruptcy estate]]></category>
		<category><![CDATA[dower interest]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[In re Rosario]]></category>
		<category><![CDATA[mortgage lien]]></category>
		<category><![CDATA[Northern District of Ohio]]></category>
		<category><![CDATA[relief from stay]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=175</guid>
		<description><![CDATA[The Ohio legal principle of “first in time, first in right” applies to mortgage liens as well as dower interest as indicated in a recent ruling in the Northern District of Ohio(1).  The bankruptcy court states that, “if a couple is married before property is mortgaged, the dower interest has priority over the mortgage lien.”  [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/03/16/protect-your-mortgage-lien-dealing-with-ohios-dower-interest/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Obama&#8217;s Homeowner Affordability and Stability Plan: A Breakdown Part III</title>
		<link>http://wwrbankruptcy.com/2009/02/28/obamas-homeowner-affordability-and-stability-plan-a-breakdown-part-iii/</link>
		<comments>http://wwrbankruptcy.com/2009/02/28/obamas-homeowner-affordability-and-stability-plan-a-breakdown-part-iii/#comments</comments>
		<pubDate>Sat, 28 Feb 2009 13:00:51 +0000</pubDate>
		<dc:creator>Beth Schenz</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Homeowner Affordability & Stability Plan]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[loan modifications]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[refinancing]]></category>
		<category><![CDATA[residential mortgage]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=143</guid>
		<description><![CDATA[Fannie Mae and Freddie Mac Loan Modifications
1. Government will support low mortgage rates for Fannie Mae and Freddie Mac loans so homeowners will gain new access to refinancing and more importantly lower monthly payments.
2. Certain Fannie and Freddie loans either in their portfolios or in mortgage backed securities will be refinanced.  The Administration will provide [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/02/28/obamas-homeowner-affordability-and-stability-plan-a-breakdown-part-iii/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Obama&#8217;s Homeowner Affordability and Stability Plan: A Breakdown Part II</title>
		<link>http://wwrbankruptcy.com/2009/02/27/obamas-homeowner-affordability-and-stability-plan-a-breakdown-part-ii/</link>
		<comments>http://wwrbankruptcy.com/2009/02/27/obamas-homeowner-affordability-and-stability-plan-a-breakdown-part-ii/#comments</comments>
		<pubDate>Fri, 27 Feb 2009 13:00:29 +0000</pubDate>
		<dc:creator>Beth Schenz</dc:creator>
				<category><![CDATA[Bankruptcy Act 2009]]></category>
		<category><![CDATA[Homeowner Affordability & Stability Plan]]></category>
		<category><![CDATA[cram down]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[FHA]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[modification]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[residential mortgage]]></category>
		<category><![CDATA[unsecured debt]]></category>
		<category><![CDATA[VA]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=136</guid>
		<description><![CDATA[Bankruptcy Modifications
The Administration will continue to influence change in the bankruptcy rules to allow individuals to pay the fair market value under Court order.  Currently, the Administration is in talks with Congress and predicts a swift enactment of the reformed bankruptcy law.  Such reformation includes the following:

Debtors’ mortgage loans will be crammed down to the [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2009/02/27/obamas-homeowner-affordability-and-stability-plan-a-breakdown-part-ii/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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