Latest on the Bankruptcy Blog

The once omnipresent ice cream company has struggled with finances for quite some time. Even after their bankruptcy filing last November, the company continues to fight to resolve debts and stay afloat. With more than $11 million in debt hanging over their heads the company is seeking a bankruptcy loan if they are to have  … Read more

A big factor in the foreclosure crisis has been the unemployed and  underemployed.  Individuals in both of these categories face additional challenges with their mortgage debts than the traditional borrower. With limited options and the unlikelihood of securing a loan modification, many borrowers struggling in the job market have few places to turn. Luckily, one  … Read more

In today’s economy more people are seeking credit negotiations in order to gain control over their finances while the work to resolve their debts. While this strategy is effective for many people, there have been cases in which choosing the wrong company to assist in negotiations ended up in a scam. Unfortunately, there are non-reputable  … Read more

Now that student loan debts have become a $1 trillion industry, the need for better resolution options has become greater than ever before. The National Association of Consumer Bankruptcy Attorney is, yet again, calling for revision to the bankruptcy code to make handling student loan debts easier. Having been a big advocate for law changes,  … Read more

Contrary to popular assumption, getting a mortgage after a bankruptcy is not impossible. While you may not obtain the best loan terms you will still be eligible to borrow  for a mortgage. The trick is finding the right lender who can offer the best loan for your situation. Getting It Right Before you run out  … Read more

Did you know that March is national Credit Education Month? For some, this news will make no difference in their financial lives, while others may find that March is a month of many great opportunities. There are several credit counseling and debt relief agencies offering special promotions or free information for consumers looking to get  … Read more

As  more Americans struggle to pay their debts and keep up with mortgage payments another source of financial strain is creeping in. The cost for child care in America is among the highest in most countries. In order to pay for rising day care expenses, more families are turning to second mortgages and home equity  … Read more

One of the biggest mistakes people make when filing for bankruptcy is failing to prepare. The process is governed by many rules and guidelines that are imperative for a successful outcome of the case. Knowing how to prepare minimizes error and makes the most out of the process.  There are a few important steps to  … Read more

As one of the hardest hit states by the deluge of foreclosures, Florida’s  legal system is expected to be tied up for the next several years processing properties and resolving lawsuits over fraud. One legal expert is describing the devastation left behind as “Florida’s Category 5 foreclosure hurricane”. Far Reaching Effects Families are forced out  … Read more

The bankruptcy process is full of benefits when the time is right. While it isn’t for everyone there are many advantages that it can provide the right person. A quick glance at the pros and cons of filing for bankruptcy can help identify why the process isn’t always the solution for every situation. Pros The  … Read more