Latest on the Bankruptcy Blog

We all want a better credit score. Even if you are significantly in debt or delinquent on some accounts, it is possible to improve your score. However, the credit improving process takes time and patience. You won’t be able to boost your credit overnight, but there are ways to get you on the path to  … Read more

If you are like most of us, money  is tight; which makes spending for holiday gifts more difficult this year. Although finances aren’t what they used to be, it seems like everyone’s gift list is as long as ever before. Credit card companies know that the holiday season is the biggest retail season of the  … Read more

While some of us have been busy making our lists and shopping for gifts, many families around the country have been planning how to manage their home in foreclosure this Christmas. The unfortunate reality is that many people will face losing their homes this holiday season. However, Fannie Mae and Freddie Mac and several other  … Read more

All of the news surrounding the topic of the American Airlines bankruptcy has many people, who could be potentially impacted, left wondering what is in store. While efforts have been made to ensure employees and company stock holders that their jobs and investments are safe from harm, little attention has been given to consumers. The  … Read more

In the past, banks had no problem making money off of consumers and their credit cards. With hidden fees, delinquency charges and unregulated interest rate hikes, the credit industry was quite lucrative. However, after waves of financial crisis has lead many into credit negotiations or bankruptcy, the government stepped in to better protect consumers and  … Read more

Many people fear bankruptcy because of the numerous misconceptions about the process. Although no one wants to be in the financial position to need bankruptcy, it can actually provide many great benefits for those who file. Credit Collections One of the  most immediate and sought after benefits of bankruptcy is the relief from creditors is  … Read more

While settling tax debts, or back taxes, isn’t all that difficult in itself, there are a few aspects of the process that often produce snags for taxpayers. The IRS is quick to act on unpaid taxes and may implement certain consequences for non-payment, which often takes the form of delinquencies fees. Once assessed these IRS  … Read more

Losing your home to foreclosure is bad enough, but what about the additional effects?  There a growing trend of homes entering foreclosure, as well as a growing trend of negative outcomes experienced by those who have lost their homes to foreclosure. Unfortunately for many, losing a home to foreclosure is just the beginning. The Domino  … Read more

The current Los Angeles Dodgers owner, Frank McCourt officially put the team up for sale last month as financial pressures became too much for the team to handle. The Dodgers have suffered from public relations problems and attendance slowdowns for years, both resulting in drastic profit loss for the franchise. Dallas billionaire and sports team  … Read more

As more homeowners slip into mortgage default on a home with a rapidly declining home value, the need for change is more pressing than ever before. The foreclosure crisis has plagued our nation long enough and it is time to solve our mortgage debt dilemma. While some actions have been taken by both federal and  … Read more