Latest on the Bankruptcy Blog

Mortgage loan modification has benefited millions of Americans by reducing the principle on their loans their monthly payments through refinancing. Many feel like they are finally getting a square deal after the neighborhood home value has plummeted. This is not always the case. Banks have a number of weights and measure they employ to determine  … Read more

Typically speaking, anyone who has a foreclosure on his or her credit history will have to wait seven years before than can apply for a new loan.  This is an industry standard for mortgage lenders. There are situations where a borrower can reduce the length of time they must wait before they are eligible to  … Read more

Many people facing financial hardships begin to feel trapped by, what seems like, a lack of options. As debt begins to add up and money becomes tight, finding a way out of your debts and protecting your assets can be overwhelming. For many people bankruptcy can provide the debt relief they need while also protecting  … Read more

The development of environmentally conscious materials has taken its share of the manufacturing business over recent years. With the push for everyone to “go green”, many new companies have been springing up around the country. These businesses make products that reduce carbon emissions, reduce our dependence on traditional energy sources and are less toxic to  … Read more

Anyone who’s a homeowner has likely gotten a call from a mortgage broker raving about record lows in interest rates. The option and inclination to refinance your home is there, but is it worth it? Below are some questions you should ask yourself before you are lured with a miniscule rate. 1)     How much time  … Read more

With the price of video games so high, it is a wonder why the companies are struggling financially. Recent news has surfaced about the fate of Team Bondi, the developer of a popular video game considering bankruptcy. The game L.A. Noire follows the adventures of a detective solving crimes and protecting citizens, a premise takes  … Read more

Many people suffer under the illusion that a short sale is the ultimate means to escape a bad credit report. In reality, nothing could be further from the truth. Short sales, though they may save you from the stigma attached to foreclosure, will still damage your credit and make you a liability to new creditors  … Read more

As baby boomers begin to age, many changes are eminent. Gone are the days of retiring at age 60 to enjoy travelling and spending time at home during retirement. An unfortunate trend in our aging population is “working retirement”. Many adults are finding they have to delay retirement, or return to work after retirement, to  … Read more

In order to qualify for the standard mortgage, you must have a credit score around or above 700. If it is below that, you are considered a subprime borrower, and not attractive to banks. Subprime mortgage lending was a popular financial instrument in the heady lending days preceding the housing crash in 2007. Essentially, banks  … Read more

As kids are trying to enjoy their last few days of summer, parents are busy buying school supplies and clothing for the upcoming school year. The cost of school supplies alone can take a toll on a parent’s wallet, not to mention the price of clothing and shoes. Back to school shopping is a fun  … Read more