Latest on the Bankruptcy Blog

Homeowners in Connecticut will get a unique opportunity to get free foreclosure help for their underwater mortgages. State officials have organized a way to extend help to tens of thousands of homeowners nearing foreclosure. The convention will be held on Tuesday, November 15th at the Connecticut Convention Center, offering residents a chance to get help.  … Read more

Successfully completing the bankruptcy process is not inherently difficult. However, there are  many requirements and several steps that must be completed correctly in order to obtain a debt discharge. It isn’t uncommon for people to end up having their case dismissed simply because they missed a single step in the process. This is more common  … Read more

In June of this year, Jefferson County, Alabama began talks of filing for bankruptcy. What is expected to be the largest Chapter 9 bankruptcy case in U.S. history has now been approved. County commissioners voted 4-1 to declare bankruptcy after alternative efforts failed to reach agreement. Behind Closed Doors Jefferson County officials have been meeting  … Read more

Managing tax debts is not easy. Just the act of getting a hold of an IRS agent in person is a challenge in itself. However, contacting the IRS directly to resolve your tax debts can be your best tool for managing unpaid taxes.     Be Polite The old saying “you can more flies with  … Read more

Times are tough. Many people are struggling to reduce their debts and stay out of bankruptcy. Unfortunately, tough times generate a sense of individualism and spark an increase in scams and fraudulent business practices. For many families in Tucson, Arizona, victimization of this sort has become all too real.     Do The Crime, Do  … Read more

Drowning under your debt is a difficult time. Although there are many mortgage relief options available, many people find the process overwhelming. Even worse is that many people seek help from agencies only to find out the company they are working with is not operating professionally. Before you become a victim of a mortgage relief  … Read more

The foreclosure process is one that no one wants to experience firsthand, which is why many people seek alternatives to avoid foreclosure. While this strategy can produce some great benefits, it also comes at a price. Besides the additional effort involved with a deed in lieu of foreclosure or a short sale, there are also  … Read more

Student loan debt has become one of the fastest growing sources of debt for young Americans under the age of 30. Topping $1 trillion of the nation’s personal debt, student loan debt has also forced numerous graduates into bankruptcy. Despite efforts from the government to resolve the student loan debt crisis the fact remains that  … Read more

One of the biggest concerns people have about filing for bankruptcy is the effect on their credit. Most people don’t realize it is not the bankruptcy that damages their credit, but their high debt balances and the delinquent status on accounts. However, anytime major changes have taken place regarding your debts it is important to  … Read more

Avoiding foreclosure by way of a short sale can be a saving grace for many people. However, the process isn’t the easiest and can intimidate many homeowners. As the seller, there are a few things you can do to ensure the success of your short sale. Representation Although many people have successfully negotiated the short  … Read more