Latest on the Bankruptcy Blog

In the midst of a major Chapter 11 case, American Airlines must now face continued problems resulting from their bankruptcy filing late last year. AMR has been the center of a litigation case that was filed soon after the 9-11 attacks nearly a decade ago. Concerned that the airline bankruptcy case will disrupt current litigation,  … Read more

The numbers related to personal debt burdens and delinquency rates are rising rapidly with each passing year. With more people digging themselves deeper into debt, the problem has become almost an epidemic. What is even more shocking is that few people actually seek debt relief solutions until it is nearly too late. The Numbers Don’t  … Read more

Most people are aware that the bankruptcy process can be tricky to navigate, which is why hiring a bankruptcy attorney can greatly influence the success of a case. In general, there are a three top mistakes people make before filing for bankruptcy than can significantly impact the outcome of their case. Accumulating More Debt One  … Read more

Despite numerous attempts to debunk Kodak bankruptcy rumors, it seems as though the company is now admitting that they are, in fact, considering Chapter 11. Eastman Kodak was a front runner in photography and related technology for the past decade, but is now on the verge of filing for bankruptcy to avoid financial ruin and  … Read more

Whether you are a first time home buyer, refinancing a mortgage or buying after resolving a previous mortgage debt problem, it is important to really examine all of the costs associated with a new mortgage. Many people end up in financial trouble later on simply because they failed to consider all of the costs of  … Read more

Despite the obvious drawbacks of foreclosures and the huge waves of devastation many families have suffered at their hands, it appears there may be a small silver lining to the crisis. Charities are beginning to report an increase in donated homes coming from foreclosures. Good For Some USA Today reported that Bank of America donated  … Read more

The year 2011 was filled with ominous new reports of national debt problems, continued foreclosure problems, increased bankruptcy filings and a staggering unemployment rate. After much debate about how to alleviate such problems and prevent abuse of government assistance programs, very little conclusion was reached by the year’s end. However, a new report about the  … Read more

Television and radio advertisements often push debt relief or financial products like short term loan options. While these options may be appealing to those experiencing financial hardships, they often cause more problems down the road. In general, it is best to stay away from short term or payday loans for the following reasons: They carry  … Read more

The year 2011 no doubt challenged us personally and in business. Unemployment rate spikes, continued foreclosure crisis and concerns over our national budget became front runners among government concerns. With all the attention drawn to the effects of a turbulent economy we also saw more big names hitting the headlines with their announcement of filing  … Read more

Gone are times in which we can rely on external stability or hope we have the ability to ride out a financial storm. These days you have to have a hefty savings or financial disaster plan just in case the economy or job market forces you into financial hardship. For many families, this is a  … Read more