Latest on the Bankruptcy Blog

Short selling can be a stressful and demeaning time for anyone who would otherwise be faced by foreclosure. If you are in a short sale negotiation, or are considering a short sale to avoid foreclosure, hold your ground with lenders, brokers and potential investors. Keep in mind that the mortgage crisis grew from compounded, irresponsible  … Read more

While similar decisions have been going on across the country, the Nevada Supreme Court has sided on three separate occasions with homeowners who claimed that their banks foreclosed on their homes without following the rules correctly. Lawsuits Against Lenders On more than one occasion, the court found the bank guilty of not operating “in good  … Read more

This turbulent economy has not been very forgiving for many Americans.  Thousands of hard working people have been borrowing more money to make ends meet and keep their house out of foreclosure. Many people are now suffering the devastating effects of overwhelming debt they cannot afford to repay. Fortunately, bankruptcy is one option that can  … Read more

This problem plagues a lot of homeowners. It can happen because of unexpected financial bumps in the road, or because the homeowners have variable income. Things like sales commissions, bonuses, tips, stock market etc., can all lead to these hiccups. Forbearance Agreement One option that a homeowner may try to take advantage of is Forbearance.  … Read more

Nothing is more excited and nerveracking as buying a home. Many of us search for weeks or months to fnd the house we think is perfect. But when you find that perfect home, there are many obsticles that can stand in your way of puchasing the home. When you are ready to purchase a home  … Read more

Money is tight. Bills are piling up. Like most people, you are probably wondering what your options are. There are many services available to help consumers get out of debt and payoff creditors. You may have heard about credit counseling services that aim to help you eliminate your debt. Benefits Credit Counseling serivces are always  … Read more

Everyday you see a multitude of new stories about how our national debt is threatening Social Security checks. Some argue that there won’t be enough money to make those payments in August if the debt issue isn’t resolved. Others say this is merely a scare tactic used to push the debt resolution issue. Regardless of  … Read more

Credit scores. Everyone has them. Everyone guards them jealously. But most don’t have a clue about what a credit score is. In short, a credit score is a calculation of a person’s ability and likelihood of repaying a cash advance for something. This calculation is shown as a number value so when lenders (banks) look  … Read more

The fate of the Borders franchise has been up in the air since they filed for bankruptcy earlier this year. There have been several interested parties crunching numbers to negotiate a deal to buyout the franchise. The potential buyer would have to assume nearly $220 million in debt liabilities and work diligiently to keep the  … Read more

The dramatic pop of the real estate bubble left a lot of homeowners in a bad position. Some homeowners and families tightened their collective belts and struggle on to make the mortgage. Others are not as fortunate. One way that homeowners and banks have tried to combat this problem is with the real estate short  … Read more