Latest on the Bankruptcy Blog

Everyone knows that a college education is expensive, but isn’t it also supposed to be priceless? Unfortunately, what was once a brief action in a lifetime to provide for a better future, has turned into a future filled with overwhelming debt. Ten years ago, going to college was fairly affordable and many people were able  … Read more

You may have heard about a government-insured mortgage program that allows homeowners over the age of 62 to borrow against their equity. The idea sounds good in theory, take out a loan against the equity  already acquired on the home and defer repayment. Reverse mortgage loans are gaining a lot of attention, mostly for the  … Read more

There are many debt settlement options available and when considering the differences between Chapter 7 and Chapter 13, it is important to review the size and scope of your debts. To determine if one qualifies for Chapter 7 bankruptcy, a borrower must undergo a means test and complete a pre-filing credit counseling session. For Chapter  … Read more

A couple getting divorced faces many challenges. Important decisions must be made about if there are any domestic support obligations, how the property is divided and who will take the burden of certain debts. Divorce tends to put additional financial pressure on both individuals as they are solely responsible for supporting their financial obligations. When  … Read more

If you have bad credit, but would like to take advantage of super low refinancing options right now, there are a few simple things you can do. If your house is at risk of foreclosure, or sold your home in a short sale recently, you will still have to wait at least 2 years before  … Read more

Debt, foreclosure and bankruptcy; all terms that are present in the news each day as our economy continues to take a toll on Americans everywhere. No person from any particular walk of life or socio-economic status is immune to its effects, and many people fear their options are running out. This was exactly the case  … Read more

If one thing is true of going to college, it is that getting a college education is expensive. Tuition increases each year and many college hopefuls are finding themselves having to make tough choices about their college education. Student loan debt is the largest source of debt for young Americans under the age of 30.  … Read more

Many lenders are participating in the Home Affordable Modification Program. This government-sponsored loan modification program offers incentives for lenders to help troubled homeowners with their mortgages through a loan modification. Successful modifications rewarded Currently, many lenders are extending temporary loan modification terms to borrowers. If the borrower proves they can make their payments during trial  … Read more

When seeking debt relief, not all options are the same. There are many choices when it comes to finding a way out from under a debt burden, but some may be more beneficial than others. One of the least intrusive debt relief options is to seek help from a credit counselor. Credit counseling agencies offer  … Read more

Foreclosures and bankruptcy will be on your credit report for years. That doesn’t mean that you have to suffer for it indefinitely. The quickest way to rebuild credit is to take on new debt. Unfortunately, there aren’t many lenders who are willing to do this right after a bankruptcy. But you can reasonably expect that  … Read more