Latest on the Bankruptcy Blog

People are waiting later in life to get married these days, which generally means they are bringing more baggage into the marriage. As people age they tend to carry more problems with debt and may even be paying hundreds of dollars a month to creditors. The tricky part about marrying someone who is carrying a  … Read more

Securing a good mortgage loan in today’s market is not as easy as it was a few short years ago. The foreclosure crisis and waves of loan modifications have sent lenders into a stubborn corner, where they often deny perfectly qualified people. While everyone in the mortgage industry is shy these days, it is no  … Read more

Owing taxes of any kind is a stressful situation. As citizens we have to worry about tax debt owed to the IRS, our state and city. These payments can get out of control quickly when someone experiences a financial hardship. While most city and state taxes are difficult to find payment assistance for, North Carolina  … Read more

An increasingly popular mortgage loan for our aging population is a reverse mortgage. These loans allow a consumer to convert a portion of their home’s equity into cash that can be used to pay for miscellaneous expenses. Many find these loans enticing because they view it as putting their hard earned equity to work. While  … Read more

In this economy, it is more important than ever to stay ahead of your finances to avoid foreclosure. While most people don’t set out to end up missing a mortgage payment it can happen to anyone as a result of unforeseen circumstances. The good news is that you can take an active role in preventing  … Read more

As the first official announcement of the Los Angeles Dodgers bankruptcy hit last summer as baseball fans began to panic about the fate of America’s favorite pastime. While the Dodgers haven’t been the only sport teams to file Chapter 11 over the last year, there has been quite a lot of debate and confusion over  … Read more

While credit negotiations do not damage your credit, you may have some damage done by your previously delinquent account status or missed payments. Anytime you are working to repay your debts, make up missed payments or maintain a modified payment schedule, it is important to monitor your credit report closely. Getting The Most Out Of  … Read more

Despite the news being packed full of stories about big businesses or cities filing for bankruptcy, there is plenty going on with personal bankruptcy filings as well. Bankruptcy statistics show that there was a steady increase in filings until bankruptcy laws were changed in 2005. After that, filing numbers dropped significantly for both Chapter 7  … Read more

As the foreclosure crisis has surged over the last few years more homeowners have found themselves underwater in debt. With little room for financial resolution many have lost their homes to foreclosure. To make matters worse, some lenders have recently been discovered to be stubborn in their mortgage debt negotiations or even unlawfully foreclosing on  … Read more

After filing for Chapter 9 municipal bankruptcy in October of last year, Harrisburg, PA found itself being denied by the court. Citing the city’s bankruptcy filing was illegal a federal judge dismissed the case, leaving  city officials back in the financial hot seat. Now just a few short weeks later, the city has a new  … Read more