Latest on the Bankruptcy Blog

Being buried under debt is no place for anyone. We all want resolution from our debt burdens and choosing the right plan is half the battle. Know the difference between debt resolution strategies and their benefits if you want to make an informed decision about your debts. Debt Management Plan Getting out of debt doesn’t  … Read more

Bankruptcy is not a process that should be rushed. The decision to file for bankruptcy is a tough one, one that requires much attention to detail and consideration. Before you file for bankruptcy make sure you  have completed these steps to ensure you are on the right track for managing your debts. Talk To An  … Read more

It seems the disappointing news over the American Airlines bankruptcy keeps coming with each passing day. After last week’s announcement of the possible elimination of several union benefit contracts and close to 13,000 job cuts, company officials continue to insist that the company is headed towards a successful bankruptcy exit. Although many employees and consumers  … Read more

In today’s rough housing market there are numerous companies operating to take advantage of unsuspecting homeowners. While most are looking for ways to lower monthly payments and avoid foreclosure, many are falling victim to the empty promises of non-reputable companies.  The old saying still holds that if it seems too good to be true, it  … Read more

If you have been drowning in debt you may have considered credit negotiations or debt settlement options. These are both options worth considering, but the details behind the debt resolution should be carefully considered. There are cases in which people agree to have their debts “charged off”, only to find out later that the debt  … Read more

Active duty service members face many challenges. Not only must they leave their homes and families, many also experience difficulty managing their finances and debts while away on duty. Since the height of the recession many military members have lost their homes to foreclosure and entered bankruptcy protection. Luckily, there are programs to help active  … Read more

The last week has been flooded with talk about the President’s plan to end the foreclosure crisis and revamp loan modification programs. While these efforts are greatly needed, what about homeowners who have yet to default on their mortgages but may be experiencing the pressure of high mortgage payments? Refinancing Gets Boost Obama announced his  … Read more

While there are many misconceptions that surround the bankruptcy process, most of them stem from legitimate fears about the process. Because the average person knows very little about the bankruptcy process, many people assume they will end up worse in the end. The truth is there is much to be gained from bankruptcy for those  … Read more

Divorce is a difficult time for both spouses and there is much to be done before the final paperwork. Besides dividing up assets and property the debts must also be dealt with, especially if one spouse brought more debt into the marriage than the other. Because divorce can complicate things in the event of bankruptcy,  … Read more

Although the economy grew by nearly 2 percent in 2011, consumer spending is still suppressed. While many people have cut their spending habits many retail operations have felt the effects. Everything from restaurants to retail clothing stores are  now finding themselves in Chapter 11 in hopes of restructuring debts and regaining profitability. Plus Sized Debts  … Read more