Latest on the Bankruptcy Blog

Not everyone is aware of the actions that may be considered bankruptcy fraud. In fact, there is a lot of confusion as to what is considered fraudulent and how it can be avoided. However, in the case of transferring assets the line becomes even more blurred for many people. In general, it is best to  … Read more

It is common knowledge that foreclosures can have negative effects on all of those involved. The borrower ends up losing their home and the lender is stuck with a home that carries a mortgage debt they are not likely to recoup. The negative effects can reach even further than those directly involved and many neighborhoods  … Read more

It is a bad habit that many people get into easily; using one source of credit to pay another debt. We may transfer balances or pay off one line of debt using another with a lower interest rate. While these actions may not be inherently problematic, they can complicate things when a person files for  … Read more

So  many of us get busy each day and never think twice about the current debt load we are carrying. No one wants to think about how far behind they are or how long it is going to take to get out of debt. However, you could be wasting valuable time or money by putting  … Read more

As underwater homeowners continue to struggle to find mortgage relief one program offered hope, but resulted in disappointment among many. The Home Affordable Refinance Program was created to help homeowners lower their monthly payments and avoid foreclosure. However, the program wasn’t helping as many as hoped and Fannie and Freddie have had to go back  … Read more

One misconception held by many is that filing for bankruptcy will cause you to lose everything you own. While in some bankruptcy cases you may risk  losing some assets to creditors, much of your property can be protected through bankruptcy exemption laws. Each state varies on the amount of property that is protected during bankruptcy,  … Read more

While title loans may provide quick cash, they may also provide more complications if you default on the payments. When you take out a title loan, you give the loan company rights to your asset as collateral against the loan. This essentially creates a lien against your asset. Besides the fact the loan company has  … Read more

The Las Vegas housing market has taken one of the biggest hits in recent months, staking claim to one of the nation’s top areas for foreclosures. After much sweat and tears, Vegas homeowners have begun to force a new strategy for managing mortgage debt in their market: short sales. Trying Something New Now one of  … Read more

After months of time spent in a Dallas bankruptcy court, Tom Gaglardi won the court’s approval to ownership of The Dallas Stars hockey team. Originally, no interest in ownership was apparent and the team feared the worst. Having once been a championship team, the Stars franchise became concerned it was headed for dissolution. Now, with  … Read more

A $2 billion state program was created to assist struggling homeowners maintain their mortgage payments and avoid foreclosure. The Keep Your Home California program offers four different areas of assistance for homeowners experiencing hardships. Program Basics The Unemployment Mortgage Assistance Program provides up to $3,000 a month to qualifying homeowners who have experiences and involuntary  … Read more