Latest on the Bankruptcy Blog

More and more reports of fraudulent companies scamming innocent homeowners pour into the office of the Federal Trade Commission each day. As the economy continues to batter the housing  market and mortgage lending industries, more companies are popping up to capitalize on the misfortunes of unsuspecting homeowners. The number of “foreclosure alternatives” and “mortgage relief”  … Read more

Times are tough and even debt collectors aren’t fairing well in the job market. Despite record high personal debt balances, the debt collection business is not as lucrative as one would think. Although intimidating and abusive debt collection practices are not new to the business, there has been a sharp increase in the number of  … Read more

Many people facing financial trouble have never heard of a forbearance agreement. In short, a forbearance agreement is a deal between you and your lender that provides for temporary relief from a debt. Although they come in many forms, the basic idea is to provide you with a break from paying high monthly payments for  … Read more

A common question people ask is whether they can file for bankruptcy if they receive Social Security benefits. People who receive government assistance checks are just as eligible for bankruptcy as the next person. Bankruptcy is a process designed to help anyone in serious financial trouble resolve their debt troubles and obtain a fresh start  … Read more

Many people experience the trouble caused by wage garnishment. Not much is known about wage garnishment and many people may be living through it without really knowing much about the process. Although filing for bankruptcy can stop a wage garnishment, it is also possible to avoid a garnishment by getting educated about the process. Ins  … Read more

Did you know that the IRS has the right to garnish your wages or bank account funds in order to satisfy a tax debt? Dealing with the IRS is difficult enough, but once your paycheck or bank account has been garnished you are likely to experience a new realm of problems. However, it is never  … Read more

The holidays are just around the corner and we all are hoping to provide our families with great gifts at an affordable price. As one of the most expensive holidays of the year, many families over extend themselves at Christmas. However, there is no reason we have to get further into credit card debt this  … Read more

Each state has varying laws on how it handles foreclosures. These law variations can significantly affect how a homeowner’s foreclosure process is managed. Arkansas is a non-judicial state, in which foreclosures are handled outside of the court system. However, a recent dispute with mortgage lender J.P. Morgan Chase lead to a court ruling that could  … Read more

Many factors appear to correlate with foreclosure numbers in neighborhoods around the United States. Bankruptcy filings, dropping home values and increased mortgage default numbers all go hand in hand with the likelihood of a foreclosure located within a particular area. However, while many of these factors support the fact that foreclosures are high in particular  … Read more

Mortgage scam and foreclosure fraud cases have been on the rise over the last few years. As scam artists get more savvy with their targeting techniques, many innocent homeowners looking for mortgage relief have fallen victim to such companies. Fortunately, the government has not turned its cheek and has been working diligently to stop such  … Read more