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Bankruptcy vs Judgement?
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Disclosure: I am not a lawyer, this is a discussion and my understanding. This information is changing monthly, so please verify with a lawyer. When in doubt, ignore me. READ THE COMMENTS, ONE REALTOR SAID I WAS DEAD WRONG ON EVERYTHING. My Understanding/Definition (ie correct me if I'm wrong): When a home goes to foreclosure* on the courthouse steps, the bank can either Buy it at the loan amount, or Let the price drop below the loan amount and then "win" the property for less. Let somebody on the courthouse steps win the property for less. (not/rarely occuring) If they take the #2 or #3 option, they then have the ...
Roman Catholic Church is Abusing Bankruptcy Laws: Lawyers Suing Vatican Call For A Public Audit The Archdiocese of Portland, Oregon recently announced plans to file for bankruptcy due to millions of dollars in potential debt to sexual abuse survivors. Now the Diocese of Covington, Kentucky and others are lining up to do the same. However, the Vatican and its myriad branches: Dioceses, Orders (Franciscans, Jesui [...]Roman Catholic Church is Abusing Bankruptcy Laws: Lawyers Suing Vatican Call For A Public Audit The Archdiocese of Portland, Oregon recently announced plans to file for ... Read More
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