Latest on the Bankruptcy Blog

Bank of America, one of America’s largest holders of mortgages has been subject to investigation and legal proceedings. Some borrowers claim that BofA has not acted in good faith after agreeing to new mortgage terms, or a mortgage loan modification. BofA, a recipient of federal funding and incentives via the Making Home Affordable program, sought  … Read more

Health insurance is one of many topics of debate among our government officials. Many other industries are suffering alongside the nation’s debt issue and Not Just The Local Pharmacy As the nation’s largest drugstore chain, Walgreens plans to expand their services from the corner drugstore and pharmacy, into a competitive health insurance provider. The plans  … Read more

If you are facing foreclosure and your job prospects look grim, reach out to your neighbors, local representatives, legal experts or contact a debt relief professional. A recent federal study reports that while many people aren’t moving into the trenches immediately after a foreclosure, families are being impacted in painful, unforeseen ways. The federal study  … Read more

It isn’t something you hear about often, but having a bank account or paycheck garnished to satisfy a debt happens far more than one would think. Creditors take unpaid debts seriously and may result in such measures in order to collect on a debt. Unpaid Creditors A wage garnishment is a debt collection tool in  … Read more

Loan modification is one the best ways to get your life back on track. You have a lot of bad debt credit—a new car or a significant balance on that 18-months, no interest credit card you financed that big screen with—and your children need new things for school. Loan modification seems like a great idea,  … Read more

The state and federal consumer protection agencies are overrun with consumer complaints over credit collection agencies and debt settlement companies. These days there are a surprising number of calls showing that consumer complaints are evolving with the times. Over the past few years, internet coupons that offer discounts on goods and services from local companies  … Read more

The past few years have taken their toll on the U.S. economy. Personal debt is out of control, foreclosures hit an all-time high, even cities have begun to file for bankruptcy protection The national debt has pushed our leaders into making some tough decisions to protect us from financial disaster. The global economy is suffering  … Read more

Overwhelming debt? Creditors calling? Missed payments? Notice of foreclosure? If you can answer “Yes” to any of these questions, you know stressful is when finances are tight. Luckily, you can take action to bring some financial relief. Everyday Expenses Be smart about your smart phone: Many smart phones can be tethered to a laptop or  … Read more

It isn’t uncommon for a homeowner to feel the effects of scrupulous mortgage lending practices. With foreclosures on the rise, and more homeowners seeking loan modification, the lending industry has become increasingly in need of regulation. The Truth in Lending Act was passed to protect borrowers from their lenders, real estate agents and contractor colluding  … Read more

Many homeowners have attempted to “go green” only to realize the additional costs involved with the process. The energy efficient appliances tend to cost more than the older, less energy efficient models, providing little incentive for their purchase. They will save you a few dollars over time in a lower utility bill, but is shelling  … Read more