Latest on the Bankruptcy Blog

Did you know that each states handles foreclosures differently? In fact, there are some very important differences in how the foreclosure process is managed between states, which can significantly impact your home and future. Getting to know how states vary in terms of foreclosure can help you better prepare in the event of a financial  … Read more

Many people assume that they cannot get a mortgage loan if they have bad credit or recently filed for bankruptcy. While lending standards are not what they used to be, it is still very possible to get a mortgage loan with less than perfect credit. The trick is representing yourself in the best light possible,  … Read more

Commercial mortgages aren’t immune to the effects the economy has had on real estate. Many businesses are holding onto mortgages for dear life in hopes of weathering the economic storm. However, as property values have declined and foreclosure numbers peaked even large companies are looking for ways to lower mortgage costs.   The 504 Program  … Read more

These days it is easy for kids to slip through the financial cracks and never learn the basics of smart money management. Between automatic payments and credit cards being the norm, most kids really never learn how to deposit money and balance a check book. With personal debt and bankruptcy filings hitting all time highs,  … Read more

The bankruptcy process is not intended to be difficult, but due to the financial nature of the process it is not always the easiest process to navigate. There are several steps that are crucial for the success of a case. If any one of the steps is missed or inaccurate, the case may end up  … Read more

The foreclosure crisis has become a national problem, one that reaches far beyond the boundaries of a neighborhood. Although people assume that a foreclosure isn’t their problem unless it is their house that is under threat, many are learning the hard way that this simply isn’t true. A single foreclosure on a street can negatively  … Read more

Most people who seek bankruptcy protection are looking for help to avoid foreclosure of their primary residence. However, there are cases in which an investment property owner ends up in financial trouble and needs help protecting their other properties. A traditional bankruptcy can help alleviate mortgage debts with a primary residence, as well as investment  … Read more

Although the housing market is not as strong as it was a few years ago, there are many people still in the position to buy. Many of these buyers are considering short sales or foreclosures in order to get a good deal. Buying homes in the midst of mortgage trouble may not be a bad  … Read more

Dealing with creditors is never a fun experience. Whether you are fielding collection calls or trying to get something from them, creditors tend to be short and inflexible.  As you can imagine, credit card negotiations is no different. Since the creditor holds all of the veto power over any negotiated deal, getting them to help  … Read more

Another big name in entertainment may face a Dallas bankruptcy court by the end of the year. The Dallas Symphony Orchestra has been struggling to maintain profitability in these tough economic times. With fewer people spending the money for tickets and a fancy night out in the arts district, the 110 year old entertainment company  … Read more