Latest on the Bankruptcy Blog

When it comes to deciding about which debt relief option is best, the choices can seem endless. There are numerous options available, all offering enticing results. So how to do you know which is best for you? Debt Settlement To have your debts settled, you are basically requesting that your creditor agree to accept less  … Read more

Foreclosure, it is a word that strikes fear in the heart of every homeowner. We know all too well the threat of foreclosure and know we will stop at no cost to avoid it. However, studies are finding that while many people fear foreclosure, few very are actually educated as to all of their options.  … Read more

It is no secret that student loan debt has gotten out of control over the last few years. The cost of tuition rises each year, forcing more college hopefuls into borrowing against their future. Now with the job market in dire straits, graduates are either unemployment or significantly underemployed making repaying their loans nearly impossible.  … Read more

The amount of credit card debt held by the average American has soared over the last few years. Reports show that the majority of families have 2 to 4 credit cards, each holding thousands of dollars in debt.  Most people find it difficult to get out of debt, many simply because they lack the knowledge  … Read more

Filing for bankruptcy is serious business and due to the highly detailed nature of filing, one must take extra care not to act in a way that could be considered fraudulent. Bankruptcy fraud can result in having the case dismissed, being prohibited from filing again for a specified period of time or even legal action.  … Read more

As the state of the economy hovers around dangerous lows, many Americans have faced financial hardships. In the past, people that suffered from overwhelming debt loads and the risk of foreclosure were those who simply mismanaged their money. A new report now shows an interesting trend away from personal responsibility towards unavoidable economic factors. Economic  … Read more

In the past, debt collectors only had home phone lines and the mail system to contact debtors to collect on debts. As times have evolved, many have begun to call cell phones, send text messages and even email collection notices to debtors. With increased regulation of debt collection practices comes innovative ways to collect. Many  … Read more

In the midst of an economic crisis, President Obama has been on the move to offer help for Americans suffering from financial hardships. Whether the issue is overwhelming student loan debt, bankruptcy or foreclosure, Obama has been on a mission to help our nation try to stay afloat in tough times. In The Works The  … Read more

Filing for bankruptcy as an individual can be done, but it may not be the easiest or most efficient way of seeking protection from debts. Many people that file without the help of a bankruptcy attorney find themselves either overwhelmed by the process or in worse financial position than before.  There are many reasons to  … Read more

When attempting to negotiate with creditors many issues are at play. While you are trying to obtain the best deal for a lower payment, the creditor is trying to get as much of their money as possible. Credit card negotiations can be quite stressful and many people may  not be able to get what they  … Read more