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	<title>WWR Bankruptcy &#62; Your Bankruptcy News &#38; Information Source &#187; bankruptcy</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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			<item>
		<title>Supreme Court Adopts “Forward-Looking” Approach to Define Projected Disposable Income When Calculating Chapter 13 Repayment Plans</title>
		<link>http://wwrbankruptcy.com/2010/07/01/supreme-court-adopts-%e2%80%9cforward-looking%e2%80%9d-approach-to-define-projected-disposable-income-when-calculating-chapter-13-repayment-plans/</link>
		<comments>http://wwrbankruptcy.com/2010/07/01/supreme-court-adopts-%e2%80%9cforward-looking%e2%80%9d-approach-to-define-projected-disposable-income-when-calculating-chapter-13-repayment-plans/#comments</comments>
		<pubDate>Thu, 01 Jul 2010 20:27:34 +0000</pubDate>
		<dc:creator>David Yunghans</dc:creator>
				<category><![CDATA[2005 BAPCPA]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[forward looking approach]]></category>
		<category><![CDATA[means test]]></category>
		<category><![CDATA[mechanical approach]]></category>
		<category><![CDATA[projected disposable income]]></category>
		<category><![CDATA[repayment plans]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=353</guid>
		<description><![CDATA[When Congress amended the Bankruptcy Code in 2005, they implemented the means test.  The purpose of the means test was to provide a higher return of funds to unsecured creditors.  The test requires debtors filing chapter 13 bankruptcy to pay all “projected disposable income” into the plan.  Projected disposable income is a calculation of all [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2010/07/01/supreme-court-adopts-%e2%80%9cforward-looking%e2%80%9d-approach-to-define-projected-disposable-income-when-calculating-chapter-13-repayment-plans/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Treasury Department Issues Guidelines for Use of HAMP in Bankruptcy</title>
		<link>http://wwrbankruptcy.com/2010/03/30/treasury-department-issues-guidelines-for-use-of-hamp-in-bankruptcy/</link>
		<comments>http://wwrbankruptcy.com/2010/03/30/treasury-department-issues-guidelines-for-use-of-hamp-in-bankruptcy/#comments</comments>
		<pubDate>Tue, 30 Mar 2010 12:00:03 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Bankruptcy Filings]]></category>
		<category><![CDATA[Homeowners Affordable Modification Program]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Chapter 13 Trustee]]></category>
		<category><![CDATA[Chapter 7]]></category>
		<category><![CDATA[HAMP]]></category>
		<category><![CDATA[modification]]></category>
		<category><![CDATA[U.S. Treasury]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=335</guid>
		<description><![CDATA[A recent post advised lenders and servicers of a strategy proposed by a prominent Chapter 13 Trustee to file bankruptcy and apply for a HAMP modification at the same time. To recap, theoretically, the servicer will lower the mortgage payments and a modification would be in executed within 60 days of filing the bankruptcy, and [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2010/03/30/treasury-department-issues-guidelines-for-use-of-hamp-in-bankruptcy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New HAMP Guidelines Announced Affecting Foreclosures</title>
		<link>http://wwrbankruptcy.com/2010/03/29/new-hamp-guidelines-announced-affecting-foreclosures/</link>
		<comments>http://wwrbankruptcy.com/2010/03/29/new-hamp-guidelines-announced-affecting-foreclosures/#comments</comments>
		<pubDate>Mon, 29 Mar 2010 13:28:38 +0000</pubDate>
		<dc:creator>Jack Day</dc:creator>
				<category><![CDATA[Bankruptcy Filings]]></category>
		<category><![CDATA[Homeowners Affordable Modification Program]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[FHLMC]]></category>
		<category><![CDATA[FNMA]]></category>
		<category><![CDATA[foreclosure sales]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[HAMP]]></category>
		<category><![CDATA[new guidelines]]></category>
		<category><![CDATA[TARP funds]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=332</guid>
		<description><![CDATA[On March 24, 2010, the Treasury Department announced new guidelines for handling pending or threatened foreclosure actions for lenders participating in the Home Affordable Modification Program (HAMP) effective June 1, 2010. Lenders participating in HAMP include Fannie Mae (FNMA) and Freddie Mac (FHLMC) loans, lenders accepting TARP funds, and other lenders who voluntarily agree to [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2010/03/29/new-hamp-guidelines-announced-affecting-foreclosures/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Sixth Circuit Rules That Negative Equity Is Purchase Money</title>
		<link>http://wwrbankruptcy.com/2010/03/26/sixth-circuit-rules-that-negative-equity-is-purchase-money/</link>
		<comments>http://wwrbankruptcy.com/2010/03/26/sixth-circuit-rules-that-negative-equity-is-purchase-money/#comments</comments>
		<pubDate>Fri, 26 Mar 2010 17:00:19 +0000</pubDate>
		<dc:creator>David Yunghans</dc:creator>
				<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Motor Vehicle]]></category>
		<category><![CDATA[6th Circuit Court]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[cramdown]]></category>
		<category><![CDATA[negative equity]]></category>
		<category><![CDATA[purchase money]]></category>
		<category><![CDATA[Sixth Circuit Court]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=330</guid>
		<description><![CDATA[On March 24, 2010 the Sixth Circuit Court of appeals which covers Ohio, Michigan, Kentucky, and Tennessee, in line with a recent decision in the Seventh and past decisions of the Second, Fourth, Fifth, Tenth, and Eleventh Circuit Courts of Appeal, ruled that negative equity is purchase money and cannot be crammed down through bankruptcy [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2010/03/26/sixth-circuit-rules-that-negative-equity-is-purchase-money/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Beware of Chapter 13 Plans That Depend on HAMP Modification</title>
		<link>http://wwrbankruptcy.com/2010/03/25/beware-of-chapter-13-plans-that-depend-on-hamp-modification/</link>
		<comments>http://wwrbankruptcy.com/2010/03/25/beware-of-chapter-13-plans-that-depend-on-hamp-modification/#comments</comments>
		<pubDate>Thu, 25 Mar 2010 18:15:51 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[Homeowners Affordable Modification Program]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[Affidavid of Hardship]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[HAMP]]></category>
		<category><![CDATA[modification]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[Request for Modification]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=327</guid>
		<description><![CDATA[The bills in both the House and Senate which would have allowed bankruptcy judges to modify the terms of certain mortgages died long ago.  However, one prominent Chapter 13 bankruptcy trustee is promoting his own version of reform by promoting the use of HAMP (Homeowners Affordable Modification Program) in concert with a Chapter 13 bankruptcy.  [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2010/03/25/beware-of-chapter-13-plans-that-depend-on-hamp-modification/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>Some Amounts Used in the Bankruptcy Code Are Adjusted Every Three Years</title>
		<link>http://wwrbankruptcy.com/2010/03/16/some-amounts-used-in-the-bankruptcy-code-are-adjusted-every-three-years/</link>
		<comments>http://wwrbankruptcy.com/2010/03/16/some-amounts-used-in-the-bankruptcy-code-are-adjusted-every-three-years/#comments</comments>
		<pubDate>Tue, 16 Mar 2010 20:41:05 +0000</pubDate>
		<dc:creator>Jack Day</dc:creator>
				<category><![CDATA[Bankruptcy Court]]></category>
		<category><![CDATA[Chapter 13]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[bankruptcy fees 2010]]></category>
		<category><![CDATA[commercial debts]]></category>
		<category><![CDATA[consumer debts]]></category>
		<category><![CDATA[non dischargeability]]></category>
		<category><![CDATA[secured debt]]></category>
		<category><![CDATA[unsecured debts]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=312</guid>
		<description><![CDATA[Some of the amounts used in the United States Bankruptcy Code are adjusted triennially according to the Consumer Price Index for All Urban Consumers published by the United States Department of Labor. The Administrative Office of the United States Courts announced the new figures that will be used starting April 1, 2010.
Some of the changes [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2010/03/16/some-amounts-used-in-the-bankruptcy-code-are-adjusted-every-three-years/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>U.S. Supreme Court Rules That Attorneys are “Debt Relief Agencies” Under BAPCPA</title>
		<link>http://wwrbankruptcy.com/2010/03/09/u-s-supreme-court-rules-that-attorneys-are-%e2%80%9cdebt-relief-agencies%e2%80%9d-under-bapcpa/</link>
		<comments>http://wwrbankruptcy.com/2010/03/09/u-s-supreme-court-rules-that-attorneys-are-%e2%80%9cdebt-relief-agencies%e2%80%9d-under-bapcpa/#comments</comments>
		<pubDate>Tue, 09 Mar 2010 18:26:44 +0000</pubDate>
		<dc:creator>Scott Fink</dc:creator>
				<category><![CDATA[Bankruptcy Filings]]></category>
		<category><![CDATA[Federal Rules of Bankruptcy Procedure]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[debt relief agencies]]></category>
		<category><![CDATA[Milavetz]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=310</guid>
		<description><![CDATA[In a decision handed down by the United States Supreme Court yesterday in the case of Milavetz and Milavetz v. United States, it has now been held that attorneys who represent debtors and provide bankruptcy assistance are considered “debt relief agencies”, requiring them to include such a disclosure in any advertisements they make.  More importantly, [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2010/03/09/u-s-supreme-court-rules-that-attorneys-are-%e2%80%9cdebt-relief-agencies%e2%80%9d-under-bapcpa/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>7th Circuit Court of Appeals Decision Finds Indiana Curative Statute is Retroactive</title>
		<link>http://wwrbankruptcy.com/2010/03/08/7th-circuit-court-of-appeals-decision-finds-indiana-curative-statute-is-retroactive/</link>
		<comments>http://wwrbankruptcy.com/2010/03/08/7th-circuit-court-of-appeals-decision-finds-indiana-curative-statute-is-retroactive/#comments</comments>
		<pubDate>Mon, 08 Mar 2010 12:00:23 +0000</pubDate>
		<dc:creator>Laura Faulkner</dc:creator>
				<category><![CDATA[Bankruptcy Filings]]></category>
		<category><![CDATA[Local Procedures & Rules]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Indiana]]></category>
		<category><![CDATA[notary]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=307</guid>
		<description><![CDATA[In Indiana, as in most states, a mortgage must be properly acknowledged in order to be valid. This means that the notary present at the mortgage closing must make a written statement confirming that the notary witnessed the mortgagors sign the mortgage documents. If the notary acknowledgement is incomplete or improperly formatted, the mortgage is [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2010/03/08/7th-circuit-court-of-appeals-decision-finds-indiana-curative-statute-is-retroactive/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Debtors May Not Use Bankruptcy To Extend Expired State Court Deadlines</title>
		<link>http://wwrbankruptcy.com/2010/03/04/debtors-may-not-use-bankruptcy-to-extend-expired-state-court-deadlines/</link>
		<comments>http://wwrbankruptcy.com/2010/03/04/debtors-may-not-use-bankruptcy-to-extend-expired-state-court-deadlines/#comments</comments>
		<pubDate>Thu, 04 Mar 2010 18:50:14 +0000</pubDate>
		<dc:creator>Monette Cope</dc:creator>
				<category><![CDATA[Bankruptcy Filings]]></category>
		<category><![CDATA[Real Estate]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Extension of Time]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[redemption period]]></category>

		<guid isPermaLink="false">http://wwrbankruptcy.com/?p=304</guid>
		<description><![CDATA[Lenders are faced with more and different challenges from debtors in these stressful financial times. One tactic being tried in Illinois is to use bankruptcy to attempt to extend a state court right of redemption on real estate in foreclosure.
Illinois Foreclosure law gives a mortgagor a specified and limited time to redeem a mortgage from [...]]]></description>
		<wfw:commentRss>http://wwrbankruptcy.com/2010/03/04/debtors-may-not-use-bankruptcy-to-extend-expired-state-court-deadlines/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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