Latest on the Bankruptcy Blog

Want to lower your debts? Need a debt management plan? We could all use a little help with our debt burdens, but getting started can be the most difficult part. The best way to get yourself moving is to learn a few important terms that can help you begin to review which debt relief option  … Read more

When it comes to filing for bankruptcy, there are many things that consumers should know. Things aren’t always as easy as 1-2-3, but they don’t have to be impossible either. Getting to know a few key components to the bankruptcy process can significantly improve your case outcome. A is for Automatic Stay— is one of  … Read more

A growing concern among economists is the rapidly increasing trend of student loan debt. The debt itself isn’t the only problem, but the subsequent number of defaults that occurs as a result has many worried about what the future holds. Many young adults over-borrowed and with few job market options available at salaries high enough  … Read more

Refinancing a mortgage has been a popular option discussed by lenders for quite some time now. Refinancing isn’t for everyone and many people may have actually suffered worse financial states because of their decision to refinance. However, homeowners who have rejected or resisted refinancing offers may be rewarded for their efforts with new offers that  … Read more

Worried about securing a credit card after bankruptcy? Don’t be. Not only may you experience and improvement in your credit standing after a debt discharge, but you may be able to secure  one or more lines of credit with minimal effort. In fact, there is a market for certain creditors that actually target post-bankruptcy consumers  … Read more

While not everyone facing a foreclosure or mortgage debt crisis will be able to successfully secure a loan modification, there have been plenty who have. In fact, a new report shows that there may be a particular formula for boosting a homeowners chances at successful mortgage modification negotiations. Plan Of Action Perhaps one of the  … Read more

While we all know what a foreclosure means, many of us don’t know what really happens to a property once it enters the process. Who owns the property? Who is responsible for maintaining the property? How does a foreclosure affect the neighborhood? Are there any laws that deter criminals from a foreclosed property? All of  … Read more

Getting behind on your mortgage payments can be a scary time. With more foreclosures popping up around the neighborhood, it seems like we all know someone who has been or will be affected by a foreclosure. In many cases, a foreclosure can be avoided if the right steps are taken. In fact, there are several  … Read more

Debt collection companies have been making a living off of your debts for years. When your creditor doesn’t have the time or resources necessary to pursue you to collect on a debt, they hire a third party company. Many of these companies are well known for their bullying and intimidating collection techniques, which scare consumers  … Read more

Our service members have been no stranger to the  mortgage crisis. In fact, many active duty members have had to face foreclosures and evictions while away serving in our armed forced. While there are some additional protections for service members and veterans, these protections are not always enough to stave off mortgage trouble. However, the  … Read more