Latest on the Bankruptcy Blog

The bankruptcy process is full of very specific requirements and detailed procedures that must be followed. This makes it easy for those who know little about the process to get into trouble unknowingly. There are three common actions that can result in suspicions of bankruptcy fraud, which could end in a case dismissal. Don’t Be  … Read more

Those who are self-employed should consider themselves lucky in many ways. This tough economy has not been nice to corporations, let alone small businesses, so those who are fortunate to still turn a profit are doing very well overall. However, the self-employed do face additional challenges that most employees do not. Tax concerns, medical insurance  … Read more

A financial tool that is gaining popularity is prepaid credit cards. They advertise easy money and a user friendly approach, while promising a no-hassle, no fee guarantee for consumers. However, a closer look into the details of these credit lines highlights some growing concerns. Many Promises One of the more popular prepaid credit cards that  … Read more

Just like your financial situation, no two debt loads are equal. Everyone carries a combination of different types and amounts of debt, some of which can actually be beneficial. The tricky thing about debt is that it can quickly get out of control if you aren’t careful. Therefore, it is more important now than ever  … Read more

Just weeks after the American Airlines bankruptcy filing, more announcements come regarding employee layoffs and cutbacks. Having already laid off several pilots and flight crew from their sister airline, American Eagle, AMR is planning to cut another 150 employees by the end of the week. Questionable Efforts There are many concerns over some of the  … Read more

Getting a mortgage after a bankruptcy is not impossible. Although you may face some additional challenges than the traditional applicant, you are by no means banned from owning a home ever again. In fact, there are a few things you can do to set yourself apart and put your best foot forward towards a new  … Read more

Finding the right debt solution is never easy. Since everyone has a unique financial situation, there is no one-size-fits-all solution for managing debts. This makes it difficult for people to  know which solution would best fit their needs. In general, there are a few things to consider before deciding on a debt settlement or credit  … Read more

Owing the IRS money usually is the result of other financial problems. Even worse is that tax debts can often lead to further financial hardships if they aren’t deal with properly. For many people, unpaid taxes can bring about many unwanted effects. Negative Outcomes Let’s not forget that the IRS is not like any other  … Read more

Dealing with secured debts in bankruptcy is not always as easy as managing an unsecured debt. In order to keep possession of the asset, the debtor will need to continue making payments on the secured debt. Although keeping a secured debt asset in bankruptcy will require payments to continue there may be a way to  … Read more

Despite public opposition and run-ins with local authorities, the Occupy Movement continues to spread around the nation. As much of the Movement’s momentum has been losing steam over the last few weeks, one branch of Occupy protestors haven’t slowed down. Occupy Foreclosure protestors are quickly gaining momentum around major areas devastated by the foreclosure crisis,  … Read more