Impac Mortgage Holdings’ bankruptcy seemed decades in the making. Processing Content The company filed for Chapter 11 bankruptcy protection Sunday, after years of struggles exacerbated by rising interest rates earlier this decade. In a series of federal court filings this week, the former lender and servicer described its debts, and the numerous factors that led […]
Impac describes its debt, downfall in bankruptcy filing Read More »
Voxtur, one of the largest proponents and providers of attorney opinion letters (AOLs), has filed a Chapter 15 bankruptcy petition in Delaware. This comes after the Canadian firm already committed to a restructuring plan in Ontario. In the U.S. bankruptcy filing, which covers Voxtur and dozens of its affiliates in Canada and the U.S., the
AOL provider Voxtur files for Chapter 15 bankruptcy Read More »
In 2020, Arlene Kohen, an 89-year-old widow, moved into Harborside, a luxury continuing-care retirement community in Long Island, New York. She paid a $945,000 entrance fee and $5,700 per month, with Harborside promising to refund 75% of the entrance fee upon death or departure. But after struggling financially and filing for bankruptcy three times, Harborside
Housing market slowdown hits retirees long after they’ve sold Read More »