Attorney Melchionne elected Vice President of Bankruptcy Law Network

The Bankruptcy Law Network, a cooperative of reknown bankruptcy attorneys from around the country have elected Attorney Melchionne as Vice President of their organization. As Vice President, he will be responsible for coordination of committees of members and assisting in implementation of various internet technologies. The Bankruptcy Law Network's website contains a wealth of bankruptcy knowledge written in simple terms for the consumer. The site is updated daily with bits of bankruptcy knowledge, tips and traps of filing for bankruptcy, the latest court cases and observations on consumer credit and the perils of debt collection.

Attorney Melchionne interviewed on Sub-Prime Mortgages

The Connecticut Law Tribune called on Attorney Melchionne recently when it was looking for opinions on the collapse of the sub-prime mortgage market. Writer Douglas Malan was interested to hear that many consumers are finding that their mortgage payments have ballooned to more than 50 percent of their take-home pay after the interest rate resets in the 2-year fixed, 28-year variable rate mortgage loans. Foreclosures in Connecticut have nearly doubled in recent months, with new cases filed in June increasing 87% over the same period last year. To read a full version of the article, click here.