Latest on the Bankruptcy Blog

Debt settlement and credit negotiations are two ways debtors seek debt resolution, but neither of these ways protects them from harassing debt collectors. When a bankruptcy isn’t right for a particular debtor, what options do they  have to be free from nagging phone calls and endless text or email messages? Taking Back Control Until now,  … Read more

Going through a bankruptcy can be a troubling time for most people. The fear of damaged credit and inability to secure loans in the future is often a big source of fear. However, securing a mortgage loan after  a bankruptcy is not impossible. While it may take more planning and effort than in other circumstances,  … Read more

Many homeowners took out second mortgages on their homes a few years back in efforts to help improve their cash flow and fight off the chances of missing a mortgage payment. As more homeowners now sink under their mortgages in a dying market, a new program has been developed to help second lien mortgage holders.  … Read more

There  has been much attention over the fate of American Airlines after their announcement of filing Chapter 11 just a few short months ago. After several rounds of employee layoffs and several flight cuts, news broke about the airline bankruptcy plans for hiring expensive financial advisors. Just as we thought things couldn’t surprise us again,  … Read more

Most people talk about loan debts in terms of whether they are considered  “secured” or “unsecured” debts. However, there are some loans hold either of these titles but are handled very differently from a traditional type of debt. Personal Loans There are two big distinctions in personal loans: (1) bank loans/lines of credit and  (2)  … Read more

Although refinancing hasn’t been the mortgage debt solution of choice for many people, there is still plenty of buzz surrounding the topic.  As more lenders begin to push homeowners towards refinancing before they seek options like a loan modification, many people are being bombarded with confusing offers they don’t understand. A prime example, a jumbo  … Read more

While some people have find it effective to pursue certain aspects of debt management, it never hurts to enter credit negotiations first. However, when it comes to successfully negotiating your debts, there are a few general rules to follow. The Do’s The most important step is to contact your creditor before you default or miss  … Read more

Most people know very little about the bankruptcy process and have much to learn when choosing to file for bankruptcy. Getting to know the basics of the process can help make an informed decision about whether bankruptcy is right for you. Before Filing Preparation is key to the success of a bankruptcy filing. You will  … Read more

One of the most notable features of the bankruptcy process it the ability to manage and resolve mortgage debts, thereby protecting a home from foreclosure. Depending on a person’s financial situation, either type of bankruptcy case may be able to halt or reverse the foreclosure process. The differences really lie in the details of the  … Read more

Another big name in the restaurant business has filed for Chapter 11 bankruptcy. The only difference  between this filing and the several other restaurant chains filing late last year, is that Buffets Inc. exited a previous bankruptcy filing back in 2008. Despite the negative connotation this may bring to light, the fact is that many  … Read more