Word: homesteads
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Dates: during 2000-2009
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...exactly. The Constitution expressly gives Congress the power to establish "uniform laws on the subject of bankruptcies throughout the United States." Both the House and Senate bills contain homestead provisions. Neither deals with the basic unfairness of the exemption. The Senate bill would permit bankruptcy filers to retain up to $100,000 in equity in their home. Any amount over that would go to creditors. The House bill would allow homeowners to retain up to $250,000 in equity. But that cap would be meaningless, since any state could opt out of it under the bill. Key members of Congress...
...ruled that H.J. Meyers had engaged in fraudulent and unethical practices. They revoked the broker-dealer registrations of the firm, Villa and four of his associates. Shortly before the crackdown, H.J. Meyers closed its doors, and in November 1998 Villa packed up and headed for Florida and its generous homestead exemption. He left behind a countryside littered with investors who had lost money, including some whose retirement savings had disappeared. Some of the unlucky H.J. Meyers clients took their cases to arbitration, won awards and filed claims in Villa's bankruptcy case...
...Elian was crying again as the U.S. Marshals plane took off from Homestead Air Force Base. Hoping to ease his fear, INS officials handed Elian a toy plane and explained that they were flying to Washington; agents showed him a map of the plane's route, then gave him a watch and showed him how much time would pass before he would see his father. They raised the window shades and showed him the dawn sky. "He became completely enthralled in the pretty colors," said an INS official. Elian spent most of the flight sitting in Mills...
...Harvard baseball team (0-3) opens its annual spring break trip tonight at the Homestead Challenge in Homestead, Fla. playing catch-up with the rest of the NCAA, which has had a two-month head start on New England's top program...
Harvard will head to the Homestead Challenge in Florida this Thursday in search of its first...