Latest on the Bankruptcy Blog

Creditors can be very persistent in their collection efforts. Many even go to extremes by contacting you several times a day or by cell phone. They can be intimidating and some have made threats or used abusive language in efforts to collect on a debt. Fortunately, you have rights that can protect you against such  … Read more

Many people looking to reduce their mortgage payments and avoid mortgage debt pursue a mortgage  loan modification. While there are many options, they are very different. Refinancing a mortgage can be a good way to reduce your  monthly mortgage payments, but it isn’t for everyone. Despite what a lender tells you, refinancing take much preparation  … Read more

As if the housing market crisis and foreclosure burst wasn’t bad enough for homeowners, many have found trouble when trying to find help with their mortgages. With so many hardworking homeowners seeking help with their mortgage debts, many non-reputable companies have tried to capitalize on the increased victim pool. However, government agencies are not taking  … Read more

It is no secret that college graduates are facing a tough time in today’s workforce, but what is surprising is finding out that part of the reason is choice. College graduates and young adults under the age of 30 have become a big portion of the demographic for bankruptcy filings. With tuition costs at all  … Read more

In the midst of the foreclosure crisis, Washington has been anything but quiet. Even state government officials have been speaking out about the need for mortgage reform and help for underwater homeowners. Despite recent efforts to help struggling homeowners, many are still pushing for more action to be taken. Speaking Up For Homeowners California’s Attorney  … Read more

As the holiday season approaches  many people are beginning to think about gifts for family members. The sad truth is that many more of us are also thinking about how we are going to pay for these gifts during these tough times. With the national debt-to-income ratio hovering near 150 percent, people could use a  … Read more

With so many ways to reduce debts on your own or go through one of many companies offering to settle your debts for you, it is hard to predict what the outcome will be. Most of us are hoping that we can gain some control over a reduced debt burden and get back to a  … Read more

After the past few years of one of the worst housing market slumps in decades, many have become accustomed to seeing “For Sale” or “Foreclosure” signs around the neighborhood. Nearly everyone knows at least one person who has ended up in over their head with  mortgage debt, fighting for a way to save their home.  … Read more

When thinking about the short sale process most people tend to focus on how it affects the seller. After all, they are the ones who are in mortgage debt looking for a way out. Not many people stop to consider how the short sale process affects the buyer.  For many buyers, the process can be  … Read more

The issue of unpaid taxes is a serious matter as the IRS does not handle tax debts lightly. One common area of concern for people experiencing financial trouble is how to manage their tax debts with a strict budget. Most people assume that tax debts can be handled like any other debt in a bankruptcy  … Read more