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January 2012 Archives

More homeowners expected to receive mortgage modifications

If all goes as planned, in the future, more struggling homeowners in Florida, and around the country, who are in fear of losing their home to foreclosure, may be able to find some needed relief through the federal Home Affordable Modification Program.

Florida resident, former Flying Wallendas, files for Chapter 13

One Florida resident, who is a former member of a high-wire act, recently filed for bankruptcy. Going by his Chapter 13 filing, it appears that the 57-year-old has made very little money in the past few years, and still owes quite a bit of money on the two rental properties that he listed as assets.

Maker of the Twinkie files for bankruptcy protection

Many Florida residents surely enjoy a Twinkie or a Ding Dong from time to time. And while some may prefer one tasty treat to the other, the fact remains that the sale of these snack foods have declined. This has put the maker Hostess Brands Inc. in a tough financial spot.

Kodak expected to file for Chapter 11 bankruptcy

Bankruptcy protection is not only for individuals, as many companies also experience financial turmoil. And while sometimes these issues are related to the downturn in the economy, some are also a reflection of the changing market place.

Show me the money: 'Jerry Maguire' inspiration files for Chapter 7

Back in 1996 the movie "Jerry Maguire" came out. The inspiration for the film came from the first sports agent Leigh Steinberg. And while most Florida residents have heard the "show me the money" line from the movie, it turns out that creditors really are asking for money from Steinberg.

Center controlled by Miami Dolphins owner receives modification

The owner of the Miami Dolphins recently agreed to the terms of a mortgage modification in order to avoid foreclosure on a building that he controls in Florida. The modification news came right before the holidays, which most likely resulted in a huge sigh of relief for Barnes & Noble and Macy's, which are both housed in the 756,471-square-foot CityPlace mixed-use center.