Latest on the Bankruptcy Blog

One of the main causes of financial troubles leading to foreclosures, credit collections and bankruptcy is medical debt. Healthcare options are limited and can be very costly. For people who do not have the luxury of a corporately paid health policy, finding an affordable health care plan is quite a challenge. Self-employed individuals and small  … Read more

  People filing for bankruptcy are often swimming in debt from multiple sources of credit. The average American family has four credit cards with thousands of dollars on each. With so many people failing to save money and spending more than they can afford, problems with managing credit is on the rise. However, the majority  … Read more

You may have heard about the “Obama debt relief plan” in the news lately. Many people assume this refers to the plan President Obama is working on to help fix the economy. With the unemployment rate near 9%, many Americans are looking for help when it comes to getting out of debt both individually, and  … Read more

Luckily, the 2010 tax season has passed and some were fortunate enough to get by unscathed. But what about those who end up owing the IRS more than they can afford to pay? It is more common than you would think for hard working taxpayers to end up becoming financially strapped because of taxes. For  … Read more

  With so many foreclosed properties for sale, many buyers are finding they can obtain a good deal on the purchase of a home. It’s true you can purchase a home under foreclosure for much less than fair market value, but purchasing a foreclosed home isn’t always the easiest process. Many times banks are strict  … Read more

The sluggish economy and struggling markets have placed increasing pressure on businesses. It seems as if there are notices of “going out of business” at every turn. Businesses of all sizes are experiencing a drop in profits. Many more are struggling to manage their cash flow, pay their vendors and gain access to capital to  … Read more

Many questions run through your mind when faced with a foreclosure notice. Should we let the house go into foreclosure? Should we fight to keep our house? How are we going to afford to keep the house out of foreclosure? Fortunately, there are some options that can help protect your house from foreclosure and keep  … Read more

People are strapped for cash these days and with banks becoming increasingly stringent on giving out loans, more people are turning to payday loans for help. They offer quick cash with often very little hassle in terms of application and receipt of the loan. The terms of such loans are vague and often down played  … Read more

When you are already experiencing financial hardships, the decision to file bankruptcy is not always an easy one. Many people feel there are stigmas involved with filing bankruptcy or fear losing all of their property.  In bankruptcy, the creditor maintains the right to seize and liquidate the assets of the debtor in order to satisfy  … Read more

In addition to concerns over how human activity impacts global warming, now concerns over how the economy may be affecting global warming are rising. An international energy group reported that carbon emissions hit an all time high in 2010. It was originally thought that as the economy slowed in the recession, an increase in motivation  … Read more