Latest on the Bankruptcy Blog

After much scrutiny and criticism, Wells Fargo is looking to repair their image. Having been a big player in the recent mortgage and foreclosure fraud issues, Wells Fargo & Co. was one of many big banks ordered to pay millions in restitution payments. Now that the court battle is over, the company is looking to  … Read more

After American Airlines filed for Chapter 11 earlier this month, the residents of North Texas brace for an impending ripple effect. Despite reassurance from American officials that consumers and employees will see little impact from the filing, economists are not so confident. Employing over 20,000 locals, American Airlines is a big player in the local  … Read more

If you are already in debt and having trouble paying your bills, the threat of wage garnishment can only make matters worse. Having your wages garnished by creditors can cause additional financial stress and leave many people with more serious  problems. Luckily, there are ways to manage wage garnishment. Filing for bankruptcy is one way  … Read more

So you owe the IRS money, no big deal right? Wrong. Owing back taxes to the IRS can be serious business that can land you in some steep consequences if the debts go unpaid for too long. However, just because you are dealing with the IRS does  not mean the experience has to be scary.  … Read more

After leaving Dallas bankruptcy court earlier this year with a new owner, the Dallas Stars hockey team have begun their new season with a plan. Having struggled after several years of losing chances at a championship, fan attendance has dropped significantly.  Tom Gaglardi, has launched his first action as the teams new owner, cutting ticket  … Read more

It has been long enough for suffering homeowners to rely on lenders or third parties to help them out of their mortgage debts. The unfortunate truth is that knowing who you can trust is getting difficult and even your lender may not be willing to help you find a foreclosure alternative, at first. The fact  … Read more

As many local government shut down protestor camps for the Occupy movement, many local groups have begun shifting their focus to new battles. Now the foreclosure crisis is at the top of the list of demands for some Occupy groups across the country. Vowing to occupy foreclosures and help homeowners fight eviction, many of these  … Read more

While many people work hard to avoid the need for bankruptcy, there are cases in which unfortunate life circumstances bring few other options. Bankruptcy can be a valuable tool for those facing financial hardships and unmanageable debt. In some cases, the need for bankruptcy may arise more than once and this is not always due  … Read more

When facing mountains of debt, many people begin to search out their debt relief options. One of the most tricky aspects to debt relief has to do with the type of debt. Secured debts, like a mortgage or car loan, are more difficult to resolve since the lender holds the power of foreclosure or repossession.  … Read more

A mortgage is a long term investment, one that soaks up the majority of each household’s budget. While paying extra on your mortgage principal can help you get out of mortgage debt and own your home free and clear much faster, it isn’t for everyone. If your home is currently worth less than you owe  … Read more