Latest on the Bankruptcy Blog

Whether you have fallen behind on a few bills or in a serious debt negotiation, you need to know your rights. There are laws written to protect you from debt collectors. You are certainly under enough pressure with bills, why should you have to deal with incessant phone calls and empty threats from debt collectors?  … Read more

Many hardworking Americans are faced with watching their financial situation plummet and the waves of debt rise. The past few years have been rough on home owners and many have been faced with tough decision to keep their homes out of foreclosure.  However, Americans aren’t the only ones in danger of drowning under their mortgages;  … Read more

With the cost of tuition rising each year, many families are struggling to find a way to send their kid to college without ending up in loads of debt.  It isn’t uncommon for families to take out additional loans, or find financing for college expenses through alternative sources. When a family is already in significant  … Read more

Avoid companies making big promises to settle your debt at all costs. Typically they are looking for a quick buck, and are really only in the business of filing debt paperwork and then consolidating debt—neither of which will put you on the right direction in and of themselves. After all is said and done, you  … Read more

Loan modifications can be gruesome for both banks and borrowers; the bank doesn’t know how much your home cost and you are sick of paying for a property that is worth half of what it was a year ago. When filing and reviewing your mortgage loan modification, be realistic but assertive. Don’t accept what you  … Read more

Filing for Chapter 13 bankruptcy can provide a debtor a chance to repay their debts over time while protecting their assets. Many people who file for bankruptcy protection may not qualify for debt elimination through Chapter 7 bankruptcy, and will be granted a Chapter 13 case instead. However, some people may have their case dismissed  … Read more

Many people assume that gold is a good investment. In a tough economy where debt is king, investing in gold can be a safer investment than the stock market. Many economists suggest having a balanced portfolio in order to invest safely. This means that the ideal portfolio would include some bonds, stocks, cash and gold.  … Read more

For debt exceeding $25,000, the IRS isn’t legally bound to agree to streamlined settlement plan. Instead, you will need to present the IRS with your own plan to pay back outstanding debt. Refer to the guidelines for a guaranteed and streamlined agreement for clues as to what the IRS will accept, and then hire a  … Read more