Latest on the Bankruptcy Blog

When it comes to managing your debt load, there are several paths you can choose to put you back on the road to financial freedom. Many companies advertise services that offer to settle your debt for “pennies on the dollar”, promising a quick reduction of your debts. Other companies offer programs to consolidate your debts  … Read more

Planning for retirement is a steadfast process that takes intentional effort and dedication to saving money. Very few of us will have the luxury of having a large retirement that was funded by our employer, and instead must make every effort of our own to diligently save for retirement. Only 20 percent of Americans report  … Read more

After creditors send notices of your past due accounts, make endless calls and show up at your house; they may try to garnish your wages in efforts to collect on a debt. Wage garnishment can lead you deeper into financial trouble, as well as cause problems for the bank and credit union where your funds  … Read more

There are many questions people have when it comes to filing for bankruptcy. People often want to know how bankruptcy will affect their credit, if they will be able to keep their property and how long the bankruptcy process will last. It’s true repaying your debts can take several years and many people may not  … Read more

Summertime has arrived; people are packing their bags and headed out on a summer vacation. You may have remembered to set the house alarm and protect your home while away, but many people find themselves victim to theft or fraud while on vacation. If your wallet is stolen on vacation, not only will you have  … Read more

For homeowners over the age of 62 looking for extra cash, the option to cash in on their home equity may seem like an appealing option. A reverse mortgage is a type of home loan that allows a homeowner to convert their equity into cash that can be used for additional income. Many people who  … Read more

There have been several news reports lately about the rise in the price of gold.  People often get excited when they hear this news, thinking they may be able to make some money if they invest in buying some gold. With all the advertisements on television pushing companies that buy your used gold for an  … Read more

The national debt continues to rise and consumer debt is showing the same pattern. More people are falling deeper into debt each year and recent analysis suggests that the majority of consumers know very little about the terms and conditions of their credit lines. Credit applications are full of fine print, confusing terminology and hidden  … Read more

Filing for bankruptcy as a Limited Liability Corporation (LLC) may possess certain challenges than a typical bankruptcy case for other types of corporations. In Chapter 11 bankruptcy cases, the debts of the company are often repaid through a restructuring process. The business may obtain a new loan to stay in operation and allow creditors priority  … Read more

Medical debt is one of the leading contributors to bankruptcy filings. Healthcare options for many, especially the self-employed or small business employee are sparse, and their coverage for treatment can be severely lacking. For cancer patients, the costs of healthcare can be astronomical. Medical bills for cancer patients exceeds the cost of doctor’s visits and  … Read more