Latest on the Bankruptcy Blog

Understandably, being in debt or at risk of foreclosure can be stressful. However, being arrogant or insolent with lenders can be a huge mistake. If a lender detects that you are playing games, or if you become threatening or childish, you could suddenly be hit with lawsuit and the full force of lender vengeance. You  … Read more

If you are considering filing for bankruptcy, you must be in the unfortunate position of experiencing a financial hardship. Medical debt, job loss and unforeseen life events can leave many of us unprepared for our financial futures. Fortunately, bankruptcy can provide the relief you need while protecting many of your assets from liquidation by creditors.  … Read more

There is no doubt about it; the price of gold is going up. What many people assume to be a good thing may actually prove to be a poor way to invest their money. Times are tough and people are in debt. When the financial pressure is on, people begin to look for ways to  … Read more

Paying back your IRS debt in installments is one of the best ways to pay off unresolved debts. For many, it is the best road out of stressful IRS negotiations and penalties. There are several types of installment agreements, depending on your level of indebtedness. Here are two types for people with debt 10,000 dollars  … Read more

The Fannie Mae program allows trouble homeowners to release their deed to the bank via the deed-in-lieu option and stay in their residence. For many, this may not sound like much of an option, but where there are few options besides foreclosure it may be preferable for a time. The reality is that a deed-in-lieu  … Read more

As the number of credit card holders increases, so do the number of complaints against credit card companies. Consumers have been experiencing a high number of scrupulous business practices by credit companies, leaving many in debt beyond their means of resolution. Forced to seek debt settlement options or bankruptcy, many consumers have fought for years  … Read more

Bankruptcy laws have changed a bit over the years, which may lead some people to believe it is more difficult to file for bankruptcy than before the change in laws. Actually, this is a misconception and the changes in bankruptcy laws have little effect on whether a person qualifies for Chapter 7 or would be  … Read more

Like in the movies, debt settlement can be like a game of liars’ dice or chicken, where the protagonist and his adversary square off and it’s soon reduced to a matter of who blinks first. Debt settlement is subject to state and federal laws that protect the borrower from dangerous harassment. In some cases, borrowers  … Read more

Debt: Most people have it, everyone fears it. Whether the debt is personal or business related, the threat of bankruptcy, foreclosure, tax liens and bank levies is enough to lose sleep over. With such a turbulent economy, businesses of all sizes are fighting to keep the bills paid. Unfortunately, many small businesses are experiencing an  … Read more

The United States will feel deep reverberations from the housing and mortgages crisis for years to come. It’s not just the glut of houses on the market, but the new bad-credit borrowers—non-borrowers, rather—that mean more bad business for years to come. Foreclosure is, perhaps, the most damaging blow to a credit score, and can mean  … Read more