Latest on the Bankruptcy Blog

When it comes to finding debt relief there are many options, but not all are created equal. Further, what may be your best option may not be the best option for your friend or neighbor. Debt relief is a personal matter that is 100 percent unique to your financial situation. So why would you just  … Read more

Many people are unaware of the rules that surround the bankruptcy filing process. For example, in order to qualify for Chapter 7 a filer must pass the means test, which essentially compares their income level to the median income level of the state. While many people are disqualified from a Chapter 7 case at this  … Read more

One of the main appeals for many consumers filing for bankruptcy is the ability to manage mortgage debts and prevent a foreclosure. While this may be possible for most filers, there are some aspects of mortgage debt to consider when pursuing bankruptcy. Type Of Mortgage Most people who enter bankruptcy are looking to resolve their  … Read more

A short sale can be a good foreclosure alternative for those who have the time and financial means to wait out the process. While many people find the process to be complex, there are a few standard procedures for sellers in the short sale process. However, it is important to note that each lender has  … Read more

As the 2011 year comes to a close, many are wondering whether 2012 will be a better year for mortgages and foreclosure rates. While nothing is certain in this turbulent economy, recent predictions released be TransUnion are bringing some rays of hope for the New Year. New Year News A recent report suggests that things  … Read more

Although the state of the economy is not showing major signs of improvement for 2012, that doesn’t mean we can’t improve our own financial lives for the New Year. With bankruptcy filings and foreclosures continuing to hover around highs, it is becoming more important than ever that we take matters into our own hands. While  … Read more

There has been a dramatic shift from homeownership to renting over the last decade. Back in the 1950s owning a home was the cornerstone of the American Dream, but has since become part of a nightmare. Between dropping home values and an increase in foreclosures, many families simply find renting less risky and more affordable  … Read more

Deciding to file for bankruptcy is not a decision that comes easily for most people. In fact, numerous misconceptions and myths have struck fear in the hearts of many, leaving them afraid to seek the protection that bankruptcy has to offer. If you have decided to file for bankruptcy protection,  there are a few things  … Read more

Many people who are facing overwhelming debt begin to question their options. While it may not feel like there is a way out of debt, the truth is there are several options. However, knowing which one is best is not easy and many people will of horror stories related to certain options. Listening to others  … Read more

Although the number of consumers filing for bankruptcy has risen over the last few years, not all states are equally affected. As economic pressures continue to batter the financial lives of many, residents of some states have been able to make it through unscathed. A new study shows that the number of Texas bankruptcy filings  … Read more