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29 Aug 2011, 2:08 am by Kevin LaCroix
”   IndyMac MBS was a subsidiary of IndyMac Bank, and is now wholly owned by the IndyMac federal receivership. [read post]
28 Aug 2011, 11:09 pm
  With smaller UCC foreclosure, receivership, creditor assignee, and bankruptcy 363 sales often closing within two weeks to two months from announcement, timely access to the available opportunities is critical for sellers and prospective buyers alike. [read post]
24 Aug 2011, 8:33 am by Molly Foley-Healy
 Talk with your legal counsel about the best timeframe for turning over delinquent accounts for collections, recording liens, utilizing receiverships, foreclosing on the association’s lien and pursuing collections on bank-owned properties. [read post]
23 Aug 2011, 2:59 pm by Big Tent Democrat
Let me add that the FDIC can of course put BoA in receivership if BoA is insolvent. [read post]
23 Aug 2011, 11:03 am by Shafik Bhalloo
It does not include length of service, termination pay or money payable in relation to individual or group terminations, if the corporation is in receivership.[2] Directors and officers are also not personally liable for (i) wages of an employee if the corporate employer is subject to action under section 427 of the Bank Act (Canada) or to a proceeding under an insolvency Act[3], (ii) vacation pay that becomes payable to an employee after they cease to hold office[4], or (iii) money… [read post]
23 Aug 2011, 11:03 am by Shafik Bhalloo
It does not include length of service, termination pay or money payable in relation to individual or group terminations, if the corporation is in receivership.[2] Directors and officers are also not personally liable for (i) wages of an employee if the corporate employer is subject to action under section 427 of the Bank Act (Canada) or to a proceeding under an insolvency Act[3], (ii) vacation pay that becomes payable to an employee after they cease to hold office[4], or (iii) money… [read post]
22 Aug 2011, 7:42 pm by Kevin Funnell
The court dismissed all plaintiffs other than the bank and all defendants other than the OTS and its director, so the focus now will be solely on the actions of the OTS and its legal justification for placing the bank into a FDIC receivership. [read post]
22 Aug 2011, 2:10 pm by Stephane Dupont
A receivership can be a useful tool for associations to collect delinquent assessments and fees against homeowners whose property is tenant-occupied or vacant. [read post]
20 Aug 2011, 4:00 am
Decisions of interest involving Government and Administrative Law Source: Justia August 19, 2011Briscoe v. [read post]
A receivership case against James Cape & Sons Co., which went out of business in 2005, was dismissed Monday after six years in the court system. [read post]
18 Aug 2011, 1:28 pm by Nathan Koppel
Harris, who said that Kramer’s law firm, Kramer & Kaslow, has been placed into receivership. [read post]
16 Aug 2011, 7:57 pm by Bernard E. Harcourt
In other words, when the LAPD was staggering without any leadership and headed toward federal court receivership—navigating between the Rodney King beating in 1991 and the Rampart scandal in the late 1990s—crime was dropping at a faster rate than when Bratton was in charge ten years later! [read post]
9 Aug 2011, 9:39 pm
With distressed properties at record levels, an increasing number of Lenders are turning to receivership to help salvage troubled properties. [read post]
9 Aug 2011, 7:57 pm by Kevin Funnell
Naturally, starting on July 8th and continuing through the end of July, the FDIC took down 13 banks, which tied July with April as the month in 2011 with the largest number of FDIC receiverships and the most in any month since July 2010. [read post]
9 Aug 2011, 4:59 pm by Michael Reiter, Attorney at Law
A property owner, and anyone else with an interest in the property, facing a receivership needs to speak to an attorney immediately. [read post]
4 Aug 2011, 4:53 pm by Jennings Strouss & Salmon
Feller; Issued: 6/3/11 – PDF Bank of Clark County (In Receivership), Vancouver, WA; FDIC-10-416e; Notice of Intention to Prohibition From Further Participation against David Kennelly; Issued: 6/10/11 – PDF ADMINISTRATIVE HEARING SCHEDULED FOR AUGUST 2011 Central Bank of Georgia, Ellaville, GA; In the Matter of William Ben Dupree, III; FDIC -10-625e; FDIC-10-624k; Section 8(e) and Civil Money Penalty Proceedings [read post]
4 Aug 2011, 7:59 am by McNabb Associates, P.C.
In addition to the fraudulent bonds provided to First Southern Bank, a bank that was forced into FDIC receivership upon learning of the status of the bonds, the following financial institutions provided loans to Kevin Lewis which were collateralized, in whole or in part, by fraudulent bonds: Centennial Bank, Citizens, Liberty Bank, First Community, Allied, Simmons, and Regions Bank. [read post]
4 Aug 2011, 7:59 am by McNabb Associates, P.C.
In addition to the fraudulent bonds provided to First Southern Bank, a bank that was forced into FDIC receivership upon learning of the status of the bonds, the following financial institutions provided loans to Kevin Lewis which were collateralized, in whole or in part, by fraudulent bonds: Centennial Bank, Citizens, Liberty Bank, First Community, Allied, Simmons, and Regions Bank. [read post]