A recent decision by the U.S. Court of Appeals for the Eleventh Circuit marks a major milestone for homeowners in Chapter 7 bankruptcy by allowing debtors to strip off a wholly unsecured second mortgage.

PERENICH The Law Firm’s resident bankruptcy attorney, Timothy Perenich, has been selected to present at a seminar sponsored by LawReview CLE on Thursday, April 26, 2012 from 1:00 p.m. – 5:15 p.m. at the Hyatt Regency in downtown Tampa, Florida. The title of the seminar is “Bankruptcy Chapter 13 101: The Plan.”

Earlier this week, the federal government and several states including Florida, reached a landmark $25 billion settlement with 5 major banks: Ally/GMAC; Bank of America; Citi; JPMorgan Chase; and Wells Fargo.

The U.S. Justice Department announced on December 21, 2011 that Bank of America agreed to a $335 million settlement for racial bias allegations in connection with Countrywide Financial mortgage loans. This is the largest residential fair lending settlement in history, according to the New York Times.