Latest on the Bankruptcy Blog

While some are out sending flowers and buying gifts for loved ones today, many American Airline employees will be taking to the picket lines outside the Dallas-Fort Worth airport. After the recent news of American Airline bankruptcy plans, many employees are speaking out about the fate of their jobs and benefit funds. Not Taken Lightly  … Read more

Filing for bankruptcy in business is different than on a personal basis. The main differences are in the way assets and debts are handled in a business filing. Owners of small businesses may have trouble sorting out their debts and assets if there was any personal tie between these during operations. Further, many filers become  … Read more

While debt settlement isn’t for everyone, there are circumstances in which credit negotiations aren’t effective and debts are bad enough for bankruptcy. When a debt burden splits this line, settling debts directly with a creditor may  be an option. However, how you handle a debt settlement is extremely important in the outcome. In order to  … Read more

President Obama announced on Saturday that he is seeing positive signs that the economy may be recovering faster than expected. As part of his initiative to urge Congress to extend the payroll-tax cut through 2012 and make a few additional strategic moves, the President expressed his content with the current growth rate of the economy.  … Read more

It has been months since any positive news broke about banks such as Wells Fargo and Bank of America. As two of several key players in the unlawful foreclosure and stubborn lending investigation, these two banks have recently announced plans to extend more options to homeowners in mortgage debt. Packaged Perks Wells Fargo and Bank  … Read more

After all the recent discussion surrounding the foreclosure and mortgage debt crisis, words come into play that some homeowners may not truly understand. While most of us have heard the term “underwater mortgage”, many do not realize all that is associated with this term. Besides drowning under a mortgage debt they cannot afford, being underwater  … Read more

Cell phones can be tricky business. Although there are some companies that offer contract-free services, they are typically very limited in nature. For those of us looking for a national service plan or a technologically advanced phone, our only option is to go with a big name company and sign their lengthy service contract. As  … Read more

It is estimated that the national student loan debt load has reached $1 trillion. As one of the more difficult types of loans to manage a default, student loan debts have become a burden for many young Americans. With the struggles facing the job market more college graduates simply cannot afford to repay their debts,  … Read more

It is never too early to start planning for your kids future of credit. Unfortunately, too  many parents neglect to consider their child’s credit standing until they are an adult. Although minors cannot carry a credit status, there are ways their credit can be impacted before they even turn 18. Teach Money Management Skills Most  … Read more

Although there are many different types of debts, not all are equally negotiable. Some debts are easily negotiated with creditors, while others may be more difficult or denied completely. Before entering debt negotiations, it is important to know which debts are the most commonly negotiated debts. Credit Card Debt The most common source of debt  … Read more