Latest on the Bankruptcy Blog

In an effort to bridge the gap in loan modification services, Florida began a foreclosure mediation program back in 2009. As one of the hardest hit areas for foreclosures, Florida’s officials were hoping the  program would result in more successful loan modification efforts. However, data suggests the program has negligible effect on the success of  … Read more

Many married couples face the dilemma of how to file bankruptcy without bringing the other spouse into the equation. While there are no laws that require a married couple to file bankruptcy together, there are laws that could still impact the other spouse when filing separately. Minimizing The Damage One way to resolve debts in  … Read more

Victims of mortgage fraud scams can rest easy tonight after the finalization of months of litigation. Six companies were convicted of performing fraudulent mortgage modification and foreclosure services for homeowners. Caught Red Handed After taking millions from unsuspecting homeowners, these companies came up on the radar of the  Federal Trade Commission within months. Accused of  … Read more

Many people file for bankruptcy only to find out that they violated a requirement and their case will be dismissed. Although there are some instances in which the actions were considered to be fraudulent, most of the time this results from unintentional actions. Before you file for bankruptcy it is important to  know a few  … Read more

Before considering bankruptcy, consumers are encouraged to seek other debt relief options first. The reason is simple: to resolve debts as quickly and easily as possible. However, this can be easier said than done. For one, there are many non-reputable companies operating to victimize those in need. Managing debt burdens is serious business, so be  … Read more

Many people who lease a car may not know that they are in jeopardy of losing the vehicle if they default on the payment.  Leasing a car does not get you out of certain hazards simply because you do not have a formal loan on the car. A car lease is treated similar to a  … Read more

Drowning in debt? Creditors calling? Getting threatening letters about debt collections? This is all too common among those who are suffering with financial hardships. Credit collections can become stressful when you lack the income to pay your accounts. Although you may be dealing with a  large debt burden, you don’t have to put up with  … Read more

As the Occupy movement has shifted its focus from Wall Street to local neighborhoods, protestors are now taking on big banks to help stave off foreclosures for local residents. The Occupy foreclosure movement has gained a lot of ground in recent weeks, spurring one  of the biggest controversial actions since the movement began. Local authorities  … Read more

Once Swedish automaker Saab has been owned and operated by General Motors for quite some time now. Despite hopes the previous buyout would save the company from financial peril, the automaker hit further trouble when the automobile industry fell on hard times a few years ago. Now at the feet of financial disaster and no  … Read more

Pursuing a deed in lieu of foreclosure may provide some benefits as an foreclosure alternative, but it can be a confusing process. Although it may not take as long as other mortgage debt relief options, it does come with some additional considerations. In order to maximize your chances of mortgage relief it is important you  … Read more