Latest on the Bankruptcy Blog

Many people have heard of credit counseling agencies and assume these companies only offer services to help those that are in debt. Although bankruptcy laws require a filer to complete the debtor education course offered by credit counselors, this isn’t the only information they offer that is valuable to consumers. Getting The Most As A  … Read more

In Orange County, California, foreclosures are taking longer and longer to process. It now takes lenders in Orange County 30 percent longer to complete a foreclosure, with the time necessary to process a sale or repossession stretched to over a year. Recent studies have shown that foreclosures now take an average of 411 days to  … Read more

These days it can seem as though the American economy is caught in a never-ending downward spiral. Many Americans have lost their jobs and their homes, and the number of victims doesn’t seem to be improving. With such a seeming lack of progress, it is common to feel frustration with our banking industry’s apparent lack  … Read more

The main reason people attend college is to be able to get a better job when they graduate. Unfortunately, the economy is suffering and the job market is sparse. College graduates have not only become a large demographic of bankruptcy filers, but are also having a harder time than ever finding work. So what does  … Read more

Recent data collected in the 2011 Credit Card Debt Study from CardHub.com shows that consumers are once again spending more money on their credit cards. In fact, credit card debt levels are at their highest since the recession ended. During the second quarter of 2011, consumers added approximately $18.4 billion in credit card debt. This  … Read more

Many homeowners are finding themselves facing serious decisions to avoid foreclosure. Bankruptcy can provide relief from the threat of foreclosure, but not everyone qualifies or would otherwise benefit from its protection. As many homeowners search for alternative means to help keep their house of the hands of lenders, many have fallen victim to non-reputable companies  … Read more

Last week, the regulators for Fannie Mae and Freddie Mac announced a series of new actions to further the Obama administration’s mortgage refinancing program. Chief among these was a proposal that would force more borrowers to obtain private mortgage insurance. While most analysts consider this proposal reasonable, the issue under debate at present is who  … Read more

When you are drowning in debt it becomes commonplace to begin scrambling to find a debt relief solution. There are many different kinds of debt relief companies, all offering a variety of services. Many of these services are fee based, leaving you with large fees for services you could do yourself. Think about this: If  … Read more

We all are happy to see fuel prices drop, even if it is only a few cents on the dollar. The best thing about saving money on gas, more money in our pockets. Many economists suggest that saving on gas has, historically, been followed by a positive impact on the economy.  But can saving just  … Read more

The National Association of Realtors (NAR) has recently made suggestions designed to minimize the impact of distressed properties on local communities. According to the National Association of Realtors, inventory of real estate owned (REO) properties held by government agencies could be significantly reduced if additional resources were committed to loan modifications and short sales. They  … Read more