Latest on the Bankruptcy Blog

In general, debt is good for your credit, but only to an extent. Having too many lines of credit or too much debt on any one particular credit line is detrimental to your credit. The line between debt and a good credit score is fine, one that requires much focus and attention. Since the debt–credit  … Read more

The biggest problem with overwhelming debt is not knowing how to get out of it. Many times it can seem like you have few options and that the situation is hopeless. Although many people know of the bankruptcy option, many fear it because of common misconceptions associated with it. Options outside of bankruptcy include direct  … Read more

Finding the right debt solution can be a daunting task. Although bankruptcy is an option that is available to just about anyone, many people fear it because of the misconceptions associated with it. Further, most financial experts will advise you to seek alternative options for debt relief before considering bankruptcy. While this may be a  … Read more

Many people worry about their credit score and look for easy ways to improve their credit standing. This is especially true for someone who has filed bankruptcy, as their credit probably took a hit when their payments became delinquent prior to filing. While there may be some legitimate ways to give your score a boost,  … Read more

A mortgage loan modification is a great tool for helping relieve mortgage debts and avoid foreclosure. However, many homeowners have found the process to be difficult and overwhelming. The problem is that your lender holds all of the power when negotiating a loan modification, but this does not mean that you cannot influence the outcome  … Read more

Filing for bankruptcy can provide many benefits to those drowning in their debts. One of the  most recognizable benefits is the protection from creditors and collection attempts. Once the bankruptcy petition has been filed, the court issues an order of automatic stay. This order legally prohibits creditors from contacting the debtor or making further collection  … Read more

Negotiating with creditors can be tough business. They may not be willing to participate at first and  may leave you feeling like you will not be able to obtain a deal. Since credit card negotiations can be difficult and time consuming, many people find it beneficial to hire a debt negotiator. However, not all companies  … Read more

Dippin’ Dots ice cream company has been providing a unique treat for kids and adults for over 20 years. Locations can be found in most entertainment parks and local shopping malls around the U.S. After years paving the way for a futuristic flavor, this beloved ice cream treat announced its future is up in the  … Read more

Facing foreclosure is a stressful time for anyone whose mortgage debts became out of their reach. The recent foreclosure crisis spurred an even worse pattern of foreclosure scams and unprofessional lending practices. Once news of the scandals broke, further investigation revealed the problem was much deeper than originally thought. Banks of all sizes and reputations  … Read more

You may have seen an advertisement online or on television for payday loan companies offering great deals. What you may not have seen is the fine print at the bottom of the ad hiding very important details associated with these  loans. While some payday or title loan companies are legitimate and offer decent deals for  … Read more