Latest on the Bankruptcy Blog

With the recent evolution of debt collector practices, many consumers are afraid of what might come next. Debt collection now goes far beyond calls to your house after dinner and have moved into text messages,Facebook notifications and even calls to your employer. With your personal reputation on the line, knowing exactly what rules debt collectors  … Read more

A new bill in Florida is bringing both supporters and critics as it attempts to speed up local economic recovery by also speeding up the foreclosure process. If the bill is approved homeowners currently at risk of foreclosure could face 30 day notices to vacate, a big change from way things were handled in the  … Read more

Whether renting a home, apartment or business suite, contractual obligations of a lease are often quite stringent. Typically, a lease contract will include penalties for defaulting as well as steep costs for terminating the lease prior to the end of the lease term. When finances become tight the temptation to break one’s lease early may  … Read more

Faulty loan modification and foreclosure efforts, and fraudulent debt settlement services have plagued the nation in recent years.  However, this week marks good news for those who fell victim to several mortgage relief and debt resolution scammers. Having caused consumer losses near $40 million, The Federal Trade Commission has announced steep penalties for several companies.  … Read more

Prior to the recession, consumer spending was running high and there was a major credit boom. Now that economic times have become tough more Americans are dealing with personal debt burdens that threaten their homes and way of life. With more on the line now than ever before, the debt burdens we carry have come  … Read more

HM Drydocks, now Malta Drydocks, is being sued by nearly 400 former workers and heirs for compensation. Even after the company filed for bankruptcy, previous employees and their families are suing for damages over work related illnesses and death. Financially Responsible Suffering illnesses, cancer and death caused by asbestos exposure on work grounds, the plaintiffs  … Read more

Mortgage debts are one of the most tricky types of debt to resolve when finances become tight. Being a secured debt the risk of foreclosure is high if debts are not repaid. Refinancing may not be an option if the homeowner is already in default and loan modifications can be hard to come by. When  … Read more

Each year more young adults graduate from college with a four year degree, and nearly $35,000 in debt. For those who go on to pursue graduate or medical degrees, the average debt is almost 5 or more times that amount. As tuition has risen by 130 percent over the last 20 years, the cost of  … Read more

In this tough economy the tourism and travel industries have taken quite a hit. With more people staying local for their vacations and the surge in online hotel discounts, many major travel entities are suffering. The UK based hotel chain, Travelodge, is reporting financial troubles that could land them in bankruptcy court if the parent  … Read more

Just a few short years ago you would be hard pressed to find a home buyer that was open to a short sale. Carrying a reputation for being difficult and the assumption that there may be something wrong with the home, many people avoided short sales altogether. In today’s market short sales are becoming increasingly  … Read more