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25 Jan 2011, 7:24 am
The Gotshanked Redemption Swindler’s List The Sound of REMIC 2010: A Loan Modyssey The Signing Whack to the Future Cocky Slumlord Billionaire Securitized Dogs Dances With Facts Greased The Lying King Feel free to jump in anytime… And now… with no further adieu… ACT II, Scene I… Investors file suit alleging massive securities fraud on the part of Countrywide, Bank of America, and a slew of Countrywide executives… And, here’s the Mandelman… [read post]
24 Jan 2011, 2:34 pm
The acknowledgment language that currently exists in the law should be used for “An acknowledgment for an individual claimant, an attorney of an individual claimant, or the administrator, representative, or agent of the trustees of an employee benefit plan…” For a corporate claimant, the following acknowledgment language is provided in the bill: _________, being sworn, says: I am the present (or vice president, secretary, treasurer, or other authorized officer or agent,… [read post]
22 Jan 2011, 6:05 pm
There is a nifty exception to the Means Test. [read post]
22 Jan 2011, 7:50 am
The thing is… I asked a good friend of mine who is a fairly senior level executive at a major bank, although not one of those mentioned here, and he said that he can’t imagine the banks losing the notes. [read post]
21 Jan 2011, 10:00 pm
Stern, Long Island Chapter 7 Bankruptcy Trustee Written and photographed by Craig D. [read post]
20 Jan 2011, 2:12 pm
These amendments to the Bankruptcy laws have presented many challenges for consumer debtors, bankruptcy lawyers and trustees. [read post]
20 Jan 2011, 9:00 am
The Executive Office of the United States Trustee issued a news release this week stating that the U.S. [read post]
20 Jan 2011, 3:00 am
Under Section 5(a)(3) of the new law, married couples now both execute the document and file together. [read post]
19 Jan 2011, 3:33 pm
The Court then remanded the case back to the trial court with instructions to more closely examine the circumstances of the execution of the release. [read post]
18 Jan 2011, 8:34 am
Moreover, in the event the company has gone bankrupt, the bankruptcy trustee stands in the company’s shoes; so a suit by the trustee against auditors can face the same weakness. [read post]
14 Jan 2011, 7:27 pm
I think there are lots of securitization deals where the mortgages might not be enforceable in title theory states like Massachusetts, even if the trustee can produce an executed PSA with all the schedules. [read post]
14 Jan 2011, 6:28 pm
" So this looks good for the trustees (assuming an executed agreement). [read post]
14 Jan 2011, 3:20 pm
Each year you must submit your income tax returns to the Chapter 13 trustee. [read post]
13 Jan 2011, 11:45 pm
The trustee overseeing Chiang's bankruptcy also has named Winner International as a defendant in that case, again claiming fraudulent conveyance. [read post]
13 Jan 2011, 4:38 pm
US Bank was the trustee of one of the trusts, and Wells Fargo was the trustee of the other trust. [read post]
12 Jan 2011, 1:49 pm
In Ibanez, the assignment was executed after the date of first publication. [read post]
10 Jan 2011, 12:23 pm
In other words, deal design was fine, deal execution was terrible. [read post]
9 Jan 2011, 7:06 am
Where a pool of mortgages is assigned to a securitized trust, the executed agreement that assigns the pool of mortgages, with a schedule of the pooled mortgage loans that clearly and specifically identifies the mortgage at issue as among those assigned, may suffice to establish the trustee as the mortgage holder. [read post]
8 Jan 2011, 2:30 pm
Bank, as trustee for the Structured Asset Securities Corporation Mortgage Pass-Through Certificates, Series 2006-Z. [read post]
7 Jan 2011, 8:43 pm
This Court held that because the Decedent’s Trust was irrevocable when the Amendment was executed, the Amendment’s no contest clause had no effect on the Decedent’s Trust [Trust B]. [read post]
