Latest on the Bankruptcy Blog

This week has proved to be one of the most economically interesting weeks in history.  The S&P announced it was lowering the nation’s credit rating from its once stellar AAA status to a satisfactory AA rating, a first for the country. In light of the announcement, stocks plummeted and economists watched as the ripples of  … Read more

Each year, many Americans come to the unpleasant realization that they owe the IRS money. The tab ranges from a few hundred to many tens of thousands, depending on what that person earns and the assets controlled. What many people don’t realize is that the IRS will take less than a single lump sum payment.  … Read more

When in debt negotiation with a creditor or loan collection agency, the status of payment notes on your credit report are tiered from neutral to negative. Though you may not be able to have the debt notation entirely removed from your credit report, you should push a collection agency or creditor to notate the paid  … Read more

Many people never take advantage of the debt relief and asset protection that bankruptcy provides for fear of the aftermath. There are many myths about bankruptcy that keep most people from seeking help when they need it the most. The truth is bankruptcy can be a great tool for debt resolution when you are experiencing  … Read more

Your credit rating is, in many ways, what makes you a citizen in the eyes of the creditors. Without good credit, you will find it nearly impossible to reestablish your life. If you are considering credit card negotiation because you can’t pay your bills, talk to your creditor about protecting your credit rating. It is  … Read more

Maybe you have seen that young couple pulling up in the driveway with a moving van after having purchased the house that has been for sale next door. It may be the couple that has finally decided to stop renting and take a chance at owning a home for their growing family. Whatever the life  … Read more

Times certainly have changed in all aspects of life. It seems like just yesterday dear husband was kissing his wife good-bye as he left for a day at the office, while she stayed behind to take care of the kids and house. These days, not only are women quickly becoming some of the biggest players  … Read more

If you are in any kind of financial negotiation, the same rules apply for whomever you are talking to. Be it your mortgage lender or a representative for a credit card negotiation, there are things you can do to level the playing field and take back some of your good standing as a creditor. Don’t  … Read more

As the number of foreclosures remains relatively high, many homeowners are seeking help through various sources of mortgage relief.  In the past, if a homeowner could not maintain their mortgage payment, the house would be quickly rushed into foreclosure. However, with the economy wavering to stay afloat, the government has begun to take initiative to  … Read more

Are you faced with endless credit card bills, notice of foreclosure or looking for loan modification? Letting finances get out of hand is easy and, for some, an all too real reality. Everyone “has a budget.” Few people stick to it and they’re left wondering at month’s end, “where is all my money?” One key  … Read more