Latest on the Bankruptcy Blog

Whether you are jut exiting bankruptcy and looking to rebuild your credit future or are in need of a little credit score boost, there are some easy ways to achieve that goal. It is important to remember that not all lines of credit are the same and rebuilding or boosting credit can be a time  … Read more

Filing for bankruptcy is riddled with guidelines and rules that are important to the outcome of a successful case. Besides being denied for a debt discharge, some people may find their case dismissed or even charged with fraud if they violate certain rules. Anytime filing for bankruptcy is being considered it is important to review  … Read more

If you ask the average person about mortgages and mortgage terms, most people believe that there isn’t much room for borrower choice in the decision. The truth is that every mortgage applicant has numerous choices and decision in picking out the right mortgage  loan. All too often people agree to whatever loan their lender offers  … Read more

Although refinancing a mortgage can be a good way to lower monthly payments, it isn’t for everyone. More specifically, there are good times and bad times to refinance a mortgage and knowing when to take the leap is a very important step. Anyone considering a refinancing option should review the following criteria: Good rate— refinancing  … Read more

There has been a continued drop in the number of bankruptcy filings over the last several months. While a closer examination of bankruptcy statistics reveals interesting filing patterns over the past few years, there has not been enough time for anything more than speculation as to the cause of the recent decline. Potential Factors In  … Read more

People experiencing trouble paying their mortgage fear having their homes taken through foreclosure. While this is a legitimate concern, not all lenders are quick to foreclose. Further, there are differences between states that dictate how the foreclosure process is managed. Depending on a person’s financial situation there may be ways to prevent foreclosure in bankruptcy,  … Read more

If you owe tax debts, or think you might owe the IRS this tax season, there are some things you can do to evaluate your tax liability. While resolving unpaid taxes is a priority, it doesn’t mean that taxpayers should be overwhelmed by the process. In general, there are three things every taxpayer should do  … Read more

When it comes to dealing with creditors, most consumers end up stressed out and feeling alone. While debt collections are not easy, there are a few things every consumer should know about handling the process with grace and ease. In general, there are a few actions that should not be taken when dealing with creditors.  … Read more

The mortgage modification process can be tedious for many homeowners. There are numerous rules that lenders hold for qualification and approval purposes.  Many homeowners may face disappointment when applying for a loan modification. However, there are a few questions that can be asked prior to requesting an application from the bank that could save heartache  … Read more

While many of us know the stresses of dealing with credit collectors, very few people actually know what their rights are in these situations. With an increase in debt collection scams and consumer victimization going around, the Federal Trade Commission works diligently to inform consumers of what to watch out for. Robocallers You may have  … Read more