Latest on the Bankruptcy Blog

A recent study suggested that most Americans have very little understanding of the range of debt relief options available to them. While many options may provide relief, they are not always equal. Since your financial situation is 100 percent unique, why would you choose a generic debt relief option? Before you sign any agreements to  … Read more

One way people accumulate additional tax debts is by not claiming tax deductions and exemptions. While failing to claim these tax benefits won’t leave you with a large tax burden, it definitely costs you more than you would normally owe. With many of us facing other financial pressures, why not take advantage of any extra  … Read more

Investment property owners are not immune to the effects of a sinking economy and turbulent housing market. While many have managed to dodge the bullet of foreclosure, many more are still suffering from large mortgage payments that are challenging their monthly budgets. While mortgage modifications may be a solution for some, not all lenders are  … Read more

People tend to avoid thinking about their finances until a problem arises. While it is true that many people end up in overwhelming debt or bankruptcy through unforeseen financial hardships, we must admit that most of us could be better prepared for such events. The biggest problem we face is simply not knowing enough about  … Read more

A homeowner contracted with Texas-based Homeland Septic to perform work on his septic system earlier this year. The homeowner brought up the issues to the company that the work was not completed as arranged, to which the company denied. The homeowner decided not to approve of the final work or bill of payment until the  … Read more

Many people owe the IRS money. In fact, it is estimated that nearly 6 million Americans are in some sort of tax debt. While dealing with the IRS can be stressful, it is not impossible. There are many ways you can manage your tax debts and get out from under the eye of the IRS.  … Read more

Being the in the position to choose between entering the short sale process or ending up in foreclosure is all too common these days. Many people have ended up in mortgage debt due to unforeseen or uncontrollably factors. Neither a short sale nor a foreclosure is an option that many saw coming, but are being  … Read more

There are reasons why some people end up requiring bankruptcy protection after moving to a new city or state. Due to the nature of bankruptcy laws, moving can be a problem when deciding to file for bankruptcy. However, this does not mean that one could not still file for bankruptcy; the question is where they  … Read more

Debt negotiations are one way to resolve your debt troubles without the need for debt settlement or bankruptcy. However, not all negotiations are the same. Negotiations largely depend on who your creditor is and what type of debt you are attempting to negotiate. In general, secured debts versus unsecured debts require different negotiation strategies. Secured  … Read more

On the verge of Texas bankruptcy court, the nation’s largest airline has been working to resolve financial issues causing them to continually bleed red ink. One of the airline’s biggest strategies is to secure a deal with pilots, who are negotiating more favorable contract terms. After months in negotiations a deal has yet to be  … Read more