Latest on the Bankruptcy Blog

Although the government has created several programs to help homeowners secure loan modifications and avoid foreclosure, recent reports show that the programs simply are not performing as well as intended. With so many people continuing to struggle to maintain their mortgage and keep their homes, why aren’t more people being helped? Common Causes Part of  … Read more

You may have heard that you will be required to wait a specified period of time before you can apply for a mortgage after a bankruptcy. This is simply not true. There are no laws that require you to wait before applying for a mortgage after your debts have been discharged in bankruptcy. That isn’t  … Read more

For many homeowners, the experience of foreclosure has become all too real in this tough economy.  The housing market and mortgage debt crisis has hit new highs over the last few years, leaving many scrambling to find a solution. Unfortunately, as the number of struggling homeowners increases, so has the number of foreclosure alternatives scams.  … Read more

When it comes to filing for bankruptcy, there are many aspects to the process that must be considered. Filing isn’t always as easy as completing the paperwork and  turning it over to the court. Each step of the process has numerous requirements that can affect the outcome of the case. Before entering into the bankruptcy  … Read more

Debt is a process. It doesn’t  happen overnight, but it can sneak up on you faster than you’d expect. Having a plan to resolve your debt troubles can be as easy as learning to recognize where you are in the stages of debt. There are several debt management options, each providing different benefits and risks  … Read more

The American Airlines bankruptcy court battle begins today and will mark one of the largest Chapter 11 filings in airline history. After announcing its plans to file last week, American has lost five of its top company officials. As the Fort Worth bankruptcy court opens its doors to airline board members, many will be watching  … Read more

Repeated phone calls. Threatening letters. Sleepless nights. Dealing with creditors when you are in debt can be stressful and leave you feeling bullied. They want their money and you want a break from your financial hardships, leaving you on opposite sides of the line. Fortunately, you have several options for dealing with creditors and you  … Read more

Nevada is among the hardest hit by the foreclosure crisis, with nearly 60  percent of homeowners underwater on their mortgage. A huge drop in home values and local economic turbulence sent too many Nevadans into mortgage debt. Homeowners and local government alike began combating the issues in attempt to save their housing market from hitting  … Read more

One of the most common debts that people hold when entering bankruptcy is unsecured debts. These are debts that are not secured against any property or asset as collateral, which make them more easily managed in the bankruptcy process. However, just because credit card debt is generally easily discharged in bankruptcy, doesn’t  mean that everyone  … Read more

When facing foreclosure there are several options to consider. For those who are unable to secure a loan modification or refinancing agreement, and would prefer to stay out of bankruptcy; a deed in lieu of foreclosure can be a viable option. However, it comes with some additional considerations that all homeowners should review before pursuing  … Read more