Latest on the Bankruptcy Blog

With so many loan modifications, modification programs, foreclosures and short sales these days, a little rumor control is mandatory. The loan mod industry is rife with hucksters, con artists and rumors. Still, there are more insidious myths being told that have some claim on the truth. Here are a few: Principle reduction loan modifications are  … Read more

Filing for bankruptcy is a tedious process that requires much attention to detail. There are numerous forms that are required, each listing large amounts of information about your finances. In order you’re your case to be successfully discharged it is crucial that all of your forms contain accurate information. Using a bankruptcy attorney to assist  … Read more

Even with financial regulators coming down hard across the country on usurious credit negotiation companies, many people are still handing over thousands of dollars to settle outstanding debt. Debt settlement companies are almost always an inferior option to other debt settlement services and professionals. Debt settlement companies charge large fees Many debt settlement companies will  … Read more

As Barnes& Noble prepares to take over the remaining Borders stores and ownership rights through a purchase at a bankruptcy auction, former Borders customers are worried about what will happen to their personal information. Throughout the years, Borders has acquired massive amounts of consumer information in the form of customer contact information, purchase history and  … Read more

For many people, bankruptcy provides a unique opportunity to get out from under an overwhelming debt burden. It can be a great tool when few other debt relief options are available. Whether you have filed for bankruptcy in the past, or are hoping to stay out of the need for bankruptcy  in the future, there  … Read more

A short sale negotiation is and does as their title suggests—they are experts in the art of the short sale negotiation. This is no small feat, as many short sales collapse because they began on tenuous grounds. Banks are losing money in a short sale, and need to be assured that there is no possible  … Read more

Unfortunately, many streets are crowded with “For Sale” Or “Foreclosure” signs. Keeping up with  payments can be challenging in a wavering economy, which is why many people turn to drastic options to save their homes before it is too late. The problem is that not all mortgage relief options are good ones. In fact, everyone  … Read more

Traditionally, when people think of a bankruptcy filing they think of having debts eliminated with little or no cost to them. In such tough economic times it seems as though Chapter 7 would be the most beneficial for those experiencing financial troubles. Although Chapter 7 bankruptcies are still fairly common, recent bankruptcy laws have made  … Read more

Refinancing a mortgage should be a fairly straightforward process. In this market, however, it has become increasingly difficult to pin down the real value of a home. Disagreements between borrowers and lenders over home value are a leading reason why refinances aren’t approved. Here are some ideas that will keep you everything above board for  … Read more

Though loan modification agreements are approved of on a case-by-case basis, banks typically understand hardship in one of the following ways: Disability or illness Lenders may approve of a loan modification because you or your spouse has fallen on sudden, irremediable disability or illness. In such a case, a bank will approve a loan modification  … Read more