Latest on the Bankruptcy Blog

Despite recent reports of the number of foreclosures slowing around the country, the fact remains that there are hundreds of thousands still in the process waiting to be completed. Several states are still wading through thousands of unfinished foreclosures after being delayed by the investigations of unlawful foreclosure practices. Unfinished Business While the $26 billion  … Read more

After a lengthy court battle an agreement has been reached imposing a settlement deal for several big  banks for their role in performing unlawful foreclosures. Many homeowners were forced out of their homes into foreclosure and, for others, bankruptcy. The settlement deal proposes nearly $26 billion in national payouts for victims and to revamp lending  … Read more

Although most people never think of utility bills being part of a bankruptcy case, they are actually quite common among filers. Of course they are not the main source of debt, but getting behind on utility bills is quite easy when you are experiencing financial hardships. The good news is that these debts are easy  … Read more

Last week an agreement was reached regarding the restitution actions for major lenders that participated in mortgage fraud and unlawful foreclosure practices. Perhaps the biggest multi-state settlement since the 1998 tobacco agreement, the $26 billion mortgage settlement has drawn much attention in terms of whether it will resolve the housing market troubles. Good For Some,  … Read more

Having your wages garnished as a consequence for unpaid taxes or debts can be problematic for many. In most states, there are specific rules that outline how the wage garnishment process can take place. However, a recent change to a bill in Georgia may make it easier for businesses to implement wage garnishment orders. Unregulated  … Read more

Discussing your debts with creditors can be stressful. While some may offer a stubborn façade, the truth is many are more willing to negotiate than they originally let on. The key is knowing how to enter credit negotiations the right way. Before you begin debt negotiations, make sure you are prepared to do the following:  … Read more

Last week, states were given a tight deadline to either accept or reject the terms of the outlined foreclosure deal settled as the result of a lengthy legal battle. Each of the 50 states participated in the investigation of mortgage fraud and unlawful foreclosure practices, and each were given the chance to accept the terms  … Read more

This isn’t the first Hollywood actor to step foot into bankruptcy court over the years. Despite numerous acting gigs and a spot on the show Celebrity Apprentice, Busey has struggled to resolve his debt liabilities. Unbalanced Finances According to the Los Angeles court records, Gary Busey is seeking bankruptcy protection over an estimated $50,000 in  … Read more

While most people have heard of debt negotiation or settlement companies, a lesser known expert in the field of debt negotiations are lawyers. Most people never think about the idea of hiring a lawyer to represent them in credit negotiations. However, having a qualified professional on your side can be highly beneficial. Legal Representation Most  … Read more

The recent bankruptcy announcement by the Kodak company has sparked much debate among other technology companies. Now accusing several other companies of stealing their technology and infringing on patent rights, Kodak has ruffled the feathers of a few well known players in the technology field. Big Accusations In what most view as a desperate attempt  … Read more