Latest on the Bankruptcy Blog

There has been much turmoil surrounding the American Airlines bankruptcy announcement late last year. As the airline works to make more cutbacks and reorganize debts in Chapter 11, many other airlines are keeping a close eye on the moves AMR is making in case a buyout becomes viable. Buying Up The Big Boys As the  … Read more

Television advertisements have recently been flooded with celebrity endorsements for prepaid credit cards. Russell Simmon’s Rush Card and Suze Orman’s  Approved Card are two prime examples of these new prepaid credit cards that offer to help consumers manage their money better than ever before. However, the perks offered by these cards may not always deliver  … Read more

After weeks of peaceful protests in the name of fighting foreclosures, one Occupy Movement is meeting some resistance from an unlikely source. It isn’t authorities that are cracking down, but a homeowner from New York who wants the protestors to leave his home. Making A Statement In the wake of the foreclosure crisis, many Occupy  … Read more

Applying for a mortgage can be a tedious process, especially if you have less than perfect credit. Besides being an extremely important qualification standard, your credit score plays a big part in your future mortgage endeavors as well. Refinancing or loan modification applications are also highly influenced by your credit standing. Luckily, there are a  … Read more

As we embark on a New Year, many Americans have made a resolution to get their finances in order this year. Despite record decreases in bankruptcy filings, many of us are feeling the pressure and have prioritized getting out of debt. Many consumers can be quite successful resolving their debts on their own, but everyone  … Read more

Negotiating your way out of overwhelming debt can be scary. Credit card negotiations tend to carry a stigma that scares off many people from ever taking advantage of such a great tool. The trick to getting out of debt is what option you choose, but how you pursue that option in order to win. Tricks  … Read more

When deciding to file for bankruptcy, knowing which type of bankruptcy protection is best can be difficult. Besides the obvious differences in qualification standards, your debts and assets play a big role in deciding between bankruptcy cases.  The type of debt you are carrying is highly important when choosing which bankruptcy filing to pursue. Types  … Read more

This year will be the last for homeowners to claim an important mortgage tax deduction. The 2011 tax season marks the end of the era for homeowners to write off their mortgage insurance premiums, a loss that is sure to impact many. The Rise In Costs As of January 1st, 2012 the mortgage insurance tax  … Read more

A recent review of bankruptcy statistics have shown some interesting patterns over the last decade. Further, local bankruptcy filings mirror these national trends quite well each year highlighting some of the external factors influencing the numbers. The American Bankruptcy Institute reported that national filings dropped by almost 12 percent  last year alone. A Local Look  … Read more

It has been a while since lenders have been able to be both powerful and profitable. With so many foreclosures and homeowners seeking loan modifications, many lenders have lost their sense of control over their own industry. As an attempt to make a comeback many are offering incentives to homeowners that refinance their mortgage. Expecting  … Read more