Latest on the Bankruptcy Blog

The foreclosure crisis isn’t picky. In fact, the housing market saw a 335% increase in foreclosures among million dollar homes in 2010. Once the homes of the rich and wealthy, many of these big properties are becoming a big risk for lenders when homeowners default. Big Troubles The high end housing market hasn’t been able  … Read more

Overwhelming debts and the decision to file for bankruptcy can take a lot out of a family.  As a married couple, filing together or separate can provide different risks and benefits. Things can get more complicated if a couple is filing for bankruptcy in divorce. Important Aspects To Know First, there is no law that  … Read more

In the midst of tax season we begin to feel the pressure of how last year’s tax liabilities will play out. Some of us will be lucky enough to get a refund, while others will end up  owing the IRS. No one sets out to end up in tax debt, but it can happen to  … Read more

You are in debt, now what? Like so many other Americans you are probably struggling to manage monthly payments to two or more credit companies each month, and you may even owe thousands of dollars. Although you aren’t in a pickle just yet, the constant threat is always looming around the corner. All it takes  … Read more

With multiple options for resolving mortgage debts it can seem overwhelming to know which is right. Each person’s financial situation is unique, which means that not all foreclosure alternatives bring the same benefits or risks to the table. Knowing the pros and cons of each option can help you determine which option may be best  … Read more

The popular sandwich franchise, Quiznos, was in the hot seat this week as reports of a possible bankruptcy loomed in the news. The Denver-based company has struggled for quite some time now as the economy and poor management have battered the business. After the closing of 40 percent of stores nationwide, company officials began looking  … Read more

While much attention has been focused on ending the foreclosure crisis and providing homeowners will more loan modification options, another issue has been slowly taking over the focus of mortgage strategies. Predatory lending practices and mortgage relief scams have become a big problem over the last few years, causing further trouble in an already struggling  … Read more

If you are one of millions of Americans drowning in debt or experiencing financial hardship, that puts you at a greater risk for becoming victim of a scam.  Criminals are often on the lookout for those that may be desperate to find relief from their debts and may be looking for a way to avoid  … Read more

As technology advances so does our ability to perform vital services with ease. More services are being offered online these days from banking, to taxes and now, bankruptcy. An E file bankruptcy system is now available in most states for consumers to use, but is electronically filing a bankruptcy by yourself the right decision? System  … Read more

As an effort to right several wrongs over the last few years these lenders will be paying restitution to those who were driven out of their homes by foreclosure initiated unreasonably by lenders. The end of a recent court battle brings the nation’s five largest mortgage lenders to pay out $25 billion to homeowners unlawfully  … Read more