Latest on the Bankruptcy Blog

Many people find the mortgage process to be overwhelming, but it doesn’t have to be. Whether you are looking for a new mortgage or looking to relive your mortgage debts through a loan modification, knowing the key terms associated with a mortgage can help you get the best deal possible. Amortization Schedule—is the time it  … Read more

After years of profit loss and months of denying the inevitable bankruptcy filing, American Airlines has filed for Chapter 11 bankruptcy protection. While executives are left worrying about how the financial details will be reorganized, American Airline employees and customers are left wondering how they will be affected by the filing. Big Shoes To Fill  … Read more

When people think of bankruptcy they think of credit card debt. Although utility bills are a debt that can be easily discharged in bankruptcy, many people never take advantage of this type of discharge. Discharging Utility Debts Utility bill debts are unsecured debts because they are not secured against an asset as collateral.  Since these  … Read more

While credit card negotiations can significantly lower your overall debt burden and help you obtain a financial stability, it can also teach you valuable life lessons. Many people never consider the small life lessons that go hand in hand with debt and debt management, but these lessons can be valuable for your financial future. You  … Read more

Some might say that the foreclosure crisis has had a beneficial effect on the housing market; namely, a drop in mortgage delinquencies. While this might seem harsh, many are pointing to a “hard lesson learned” that serves as a deterrent for others struggling with their mortgage debts. But before we attribute the drop in delinquencies  … Read more

There are many terms involved in the bankruptcy  process that are important to know. Some debtors feel they should leave the technical stuff to their bankruptcy attorney, but one can never be too prepared when it comes to managing their financial future. Getting to know some key terms will help make the process much easier  … Read more

After the news of more government shut downs of fraudulent mortgage relief companies has hit the airwaves, many Americans are left wondering if there really is any legitimate help available.  Although there may be plenty of companies looking to scam innocent homeowners by offering foreclosure help, there are reputable agencies out there that can provide  … Read more

There are times in which you may be court ordered to pay money to another individual or entity for one reason or another.  These payments are generally not disruptive to a person’s financial  life, unless they end up experiencing a financial hardship. If you have court ordered payments, you may not be able to resolve  … Read more

After it was announced last week that Google had suspended the advertising campaigns of nearly 400 mortgage modification scam companies, more online agencies have stepped up efforts to do the same. A government office dedicated to policing the efforts of so-called “relief programs” and protecting taxpayers has also joined the fight, shutting down many more  … Read more

When people think of bankruptcy they tend to envision someone who has struggled with finances for years, probably makes minimum wage or has trouble keeping a job. The truth is, bankruptcy filings have hit nearly every demographic and is not just for the underemployed or uneducated. Many college graduates, corporate leaders and the average middle  … Read more