Latest on the Bankruptcy Blog

When working to resolve mortgage debts there are plenty of people handing out opinions on how to go about the process. Like most things, these opinions come in many forms and varieties making it hard for homeowners to come to a decision about their mortgage loans. While there is no one answer out there for  … Read more

As one of the hardest hit areas by the foreclosure crisis, Nevada has faced its fair share of housing market challenges. Sky high foreclosure rates and plummeting home values have brought tough times for Nevada homeowners. However, a recent law has helped to slow the foreclosure rate in hopes of helping the local housing market  … Read more

Although the bankruptcy process is not inherently difficult, it can be very intimidating for many people. The decision to file for bankruptcy generally does not come easy and most people shy away because of the many misconceptions associated with the process. If you are considering filing for bankruptcy, the best place to start is by  … Read more

While debt relief options may prove to get you out of debt, they aren’t always fool proof when it comes to your credit score. In fact, different debt relief options carry various risks for the future of your credit score. Debt Worries Anytime you are late your debts you can be sure that your credit  … Read more

Dallas bankruptcy courts have been full of business bankruptcy filings over the last several months. The filings of American Airlines and Hostess have shook the city, where many are standing by to ride out the local economic storm that is expected to hit as a result. The good news is that one of the area’s  … Read more

No one knows sacrifice quite like military service members and their families. Living away from home and with a support system, many military families know how hard it can be to make ends meet on a government salary. Unfortunately, bankruptcy, foreclosures and tax debt are all big threats that many of these families have had  … Read more

While more homeowners have begun to seek out mortgage debt solutions like loan modifications, they have been increasingly more difficult to obtain. Many lenders prefer other foreclosure alternatives like refinancing, which is resulting in more applicants being turned away. Although there is no list of qualification guidelines for securing a mortgage modification, there are a  … Read more

After months of closed-door meetings and much debate about the mortgage crisis, the Obama administration has admitted the need for more aggressive efforts. Having implemented a few programs aimed at helping homeowners secure loan modification or refinancing options, the government is now admitting these efforts were disappointing at best. Back To The Drawing Board Besides  … Read more

The Better Business Bureau is used to fielding complaints from consumers regarding business practices. Most of the complaints surround issues of unfair practices and stubborn customer relations. However, in light of the increase in business bankruptcy filings, the BBB is now encouraging consumers to file complaints against businesses who enter bankruptcy. The Right To Complain  … Read more

Mortgage fraud and foreclosure scams have been plaguing the news for months now. As more homeowners struggle to secure mortgage modifications and resolve mortgage debts, many scam artists have been capitalizing on the influx of potential victims. While the Federal Trade Commission has been working hard to combat such scams, homeowners may now find peace  … Read more