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Articles tagged with: bankruptcy

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[1 Jul 2013 | No Comment | 4,940 views]
Martha Shoffner is the least of our problems

Former Arkansas Treasurer Martha Shoffner made the news again last week when she pleaded innocent to federal bribery and extortion charges in U.S. district court. It seems the media will write something about Shoffner whenever she happens to walk near a courthouse, and we at First Arkansas News are as guilty as anyone about that. We, too, have had our fun with the sad, strange story of Shoffner at least a couple of times.
Shoffner’s tale is, after all, a fascinating one as we’re talking about a woman who allegedly sold …

Business, Features and such, Legal, News, Real Estate »

[5 Jun 2012 | No Comment | 4,425 views]
Foreclosure bottleneck easing in Arkansas?

Since September, foreclosures in Arkansas have been at record lows.
In the first quarter, the foreclosure rate feel around 79 percent from where it was a year ago in the Natural State. Why? Is the economy improving? Are people in dire financial straits suddenly able to pay their mortgages? Have banks resorted to simply giving people their homes for free?
The answers to all those questions is “no.” What did happen was a decision from the Eastern District of Arkansas, Jonesboro Division, put the brakes on foreclosures in the state. In the …

Business, News, Real Estate »

[24 Dec 2011 | One Comment | 2,079 views]
RealtyTrac reports foreclosures down 90 percent in Arkansas

RealtyTrac reports that the number of foreclosures in Arkansas dropped 90 percent in November compared to the same month a year ago.
Nationally, foreclosures dropped 14 percent. In Arkansas, RealtyTrac reports that there were 160 homes in foreclosure actions in November, down 90.1 percent from 1,610 houses in the same month last year.
Why was Arkansas so out of line with national trends? Michael Tilley of Fort Smith-based The City Wire reported the drop has a lot to do with a September bankruptcy decision from the Eastern Division of Arkansas that decision, …

Business, News, Real Estate »

[12 Nov 2011 | 4 Comments | 10,741 views]
Bankruptcy court ruling slows down foreclosure sales in state

A Chapter 13 bankruptcy case in the Eastern District of Arkansas, Jonesboro Division, has caused title companies in the state to investigate foreclosure sales to determine if the properties were properly taken back by lenders.
In a Sept. 29 decision, the court held that a lender not authorized to do business in the state of Arkansas was not in compliance with the state’s non-judicial foreclosure laws. That case, In Re Johnson, concerned objections filed by J.P. Morgan Chase Bank and the related Chase Home Finance regarding the confirmation of three Chapter …

Business, News »

[18 Nov 2010 | One Comment | 1,501 views]
Robards named to national board

Mike Robards, executive director of CCOA, has been named to the first Board of Trustees of the National Foundation for Credit Counseling (NFCC).
CCOA (Credit Counseling of Arkansas) is based in Fayetteville but has offices throughout the state.
“The NFCC’s new Board combines the credit counseling experience of seasoned NFCC Agency CEOs with the outside perspective of incredibly talented executives from a wide variety of disciplines, providing us with a powerful team that few organizations can match,” said Susan C. Keating, NFCC president and CEO.  “I look to this Board to bring …