Latest on the Bankruptcy Blog

The real-life muse behind the movie Jerry Maguire has reportedly filed for Chapter 7 bankruptcy. NFL sports agent Leigh Steinberg was once the representative for many high profile athletes, but is now attracting attention for more unfortunate reasons. Steinberg is now the center of a fairly high profile bankruptcy filing. Show Me The Money Having  … Read more

The changes made to the bankruptcy code in 2005 set about some new requirements and rules for those filing for bankruptcy. In addition to an increase in the costs of filing fees, debtors also have to pass a rigorous income test to weed out those who could resolve their debts through Chapter 13 instead of  … Read more

As if the foreclosure process wasn’t scary enough, there are big differences between how they are handled between states. These differences have the potential to restrict homeowner options for resolving their debts, as well as impact their chances of successfully avoiding a foreclosure. Key Differences There are two types of foreclosure proceedings, each of which  … Read more

The sad truth is that too many families have lost their homes to foreclosure in this tough economy. Between job market woes, personal debt burden highs and a troubling mortgage lending market, many people have been forced out of their homes. The good news is that if you are experiencing the threat of foreclosure you  … Read more

As one of the larger lenders in the United States, Wells Fargo has been at the center of some negative news reports regarding stubborn lending practices. After Wells Fargo and several other big lenders became the forefront of scrutiny for stingy loan modification options, they have been working to turn over a new leaf. Since  … Read more

Short sales have never been the foreclosure alternative of choice among homeowners or lenders until recent years. As more homeowners were denied loan modification options or other mortgage debt solutions, short sales have gained popularity. However, they weren’t accepted without caution. In the past, short sales have been subject to some significant tax issues.    … Read more

A recent review of bankruptcy statistics revealed some interesting patterns in filing trends.  Not only have trends followed changes in economic conditions, but legislation has played a key role as well. Since the change in bankruptcy  laws in 2005, some significant changes have been observed in filing patterns. Bankruptcy Law Changes In 2005 some major  … Read more

We could all use a little help with saving more and spending less, but as a single adult your priorities are much different than those of a married couple or family. Single income individuals face unique challenges and often find it more difficult to manage high debt loads or financial hardships. Therefore, it becomes more  … Read more

If you are in debt and behind on certain debts you may have experienced the ill effects of a wage garnishment order. While not all debts qualify for garnishment, there are some serious debts that can lead to this legal action quickly. The Ins And Outs Tax debts, back due child support, unpaid court fines,  … Read more

It is easy to get caught up in the hype over different debt relief services when you are drowning and debt and  being hassled by creditors. Debt negotiation companies are on the rise, promising to resolve debts and handle creditors. While this may seem like a great option for resolving debts, there are some things  … Read more