Latest on the Bankruptcy Blog

Not only is the stock market riding major waves of instability, the job market has been sinking further with each passing month. The number of foreclosures and bankruptcy filings have hit all time highs in the last few years, and many people are focused on treading water as the government promises to help turn the  … Read more

The legwork associated with refinancing can cost you needlessly. If you aren’t scrupulous about the conditions of your refinance, banks and their financers won’t pursue a deal that is optimal for you. Many lenders simply want clients who will consistently make payments and ask few questions. Be clear about your new loan requirements What is  … Read more

Some mortgage owners in Detroit have found a unique loophole to dodge their unpaid debts. Many investment property owners have avoided paying their property tax bill by voluntarily defaulting on their mortgage payments. Generally, homes at risk of foreclosure would end up getting sold at the auction and the previous homeowner would walk away absolved  … Read more

We can’t say it enough: this is a bear housing market. It seems like every day there is a new lawsuit or case brought against fraudulent short sale/foreclosure/credit card debt counseling services. That’s because these frauds thrive on the anxiety and panic of homeowners facing foreclosure. Here are some foreclosures scams to watch out for:  … Read more

When you have nothing to lose, debt settlement can take on the colors of a poker table. It would be unwise to suggest you behave carelessly or recklessly with banks and lenders, but you have rights and options that, if exploited properly, can get you out of unsettled debts. Debt validation If your debt is  … Read more

With money already tight, many people returned to their homes after Hurricane Irene to find not only their homes damaged, but their mortgages also at risk.  As so many are struggling to stay out of foreclosure, natural disasters like Irene have a tendency to only make financial matters worse. Limited savings, time off from work  … Read more

For many people drowning in debt, bankruptcy may seem like the only option. What many people don’t know is that not everyone qualifies for bankruptcy protection. Further, bankruptcy may not be the most beneficial tool for debt elimination for everyone. When it comes to developing a plan to eliminate personal debt, there are several methods  … Read more

Credit bureaus and the credit rating system can be cryptic. They tell you that a great score is 700-720 or more. Between 600-700 is decent and anything below that means you are a risk for lenders. Bureaus will have their own way of calculating your credit score, and much of it is based on a  … Read more

Banks have been eager to help the masses with their refinancing needs. In some cases, banks are looking to avoid delinquency on the part of borrowers who took out subprime mortgages—most banks are back in the black, and happy to stay there. With many prime borrowers, banks stand to make a lot of money on  … Read more

We are all accustomed to many changes in the airline industry as they attempt to secure more profits. Lately, it seems as though they, like so many other industries, are out of money making ideas. Instead, the focus has been on staying in operation and hoping to ride out the economic storm. Airline industries are  … Read more