Latest on the Bankruptcy Blog

Scams are everywhere these days, many of which are targeting people struggling with personal or mortgage debt issues. Fraudulent foreclosure help and debt settlement scams lurk around every corner from a legitimate company offering real help. A new development in debt scams is aimed at soliciting consumers looking for short term loans when they need  … Read more

The Home Affordable Refinance Program (HARP) has been in operation for a few years now, but previous efforts were disappointing at best. Recently, major changes were made to federal mortgage programs in order to help more homeowners find relief from their mortgage debts and avoid foreclosure. A Change For The Better A few program details  … Read more

Finding a way to successfully lower debts is one way to alleviate financial pressure while you work to repay your debts. Because not everyone needs bankruptcy in order to get out of debt, doing it yourself may seem like a scary thought. Actually, it isn’t as hard as you might think, but it does take  … Read more

After much discussion of a possible bankruptcy, the United States Post Office has decided to  make major cuts to operations instead. Big changes loom in the horizon, including the closing of several locations and jobs, unless Congress steps in to help. Dim Future The U.S. Postal Service has been suffering financial trouble for years now  … Read more

When Solyndra filed for bankruptcy late last year, many people were disturbed by the news that a company who received over $500 million government bailout two year prior would need bankruptcy protection. Much of the solar panel company’s Chapter 11 case has brought criticism and debate among industry officials. As the company works to restructure  … Read more

The foreclosure crisis has hit the nation hard, but each city has suffered quite differently. From plagues of foreclosures in already rundown neighborhoods to million dollar foreclosures on high end streets, the flood of bank owned properties have caused trouble everywhere they lurk. One city is fighting to rebuild their community in the wake of  … Read more

Lowering debt payments by rolling them into one, nicely packaged deal seems like a good idea, right? While consolidating debts can be beneficial in certain situations, it should by no means be the default measure for anyone looking to resolve their debts. Here’s why: You are taking out another loan — most people don’t realize  … Read more

Bankruptcy affords you the opportunity to start over and begin to rebuild your financial future. While ensuring your credit recovers from delinquent accounts and high debt burdens is important, make sure you do it the right way. The Dos Most people assume they should run out and start soaking up credit right away after bankruptcy.  … Read more

Mortgage debts are difficult enough, but facing the numerous options available to help alleviate the financial stress can prove to be overwhelming. While loan modifications and refinancing are two options that are well known, a lesser known option could be the better solution. A Hidden Helper Forbearance agreements are not well known in the mortgage  … Read more

Filing for bankruptcy is a big decision, one that should not be taken lightly. As a debtor one of the best things you can do for yourself and financial future is get to know the bankruptcy process before diving in head first. The biggest considerations can be boiled down into three simple categories: Apply Within  … Read more