Latest on the Bankruptcy Blog

The government has been trying to help homeowners through loan modification and refinancing programs for a few years now. However, these existing programs haven’t produced the full outcome as expected. A new program being offered by the Federal Housing Administration (FHA) aims to reach as many as 3 million homeowners through new refinancing conditions.    … Read more

The Alamo is one of the most notable American landmarks and is a great source of history among Texas residents. With more than 2 and half million visitors per year, the Alamo brings a great source of revenue for nearby businesses. However, a hotel just steps from the Alamo’s front door hasn’t been able to  … Read more

Homeowners are not the only ones affected by a foreclosure. The far reaching effects extend to neighbors, entire communities, cities and even state offices. Fixing the foreclosure crisis isn’t only about lenders and federal programs, but how residents and city officials can make a local impact. All Aboard For many of the hardest hit communities,  … Read more

There is no question that our economy has been struggling for quite some time. As reports continue to show improvements in the job market and unemployment rate, many are beginning to feel hopeful. However, we are far from being out of the woods and still have some big threats lurking around the corner. Personal Debt  … Read more

The American Airlines bankruptcy case has brought much attention and staunch debate among industry officials. After the company announced another round of steep job cuts and a plan to end employee pension programs, many protested outside of the local Dallas-Fort Worth hub. In an effort to continue debt resolution and minimize further impact to employees,  … Read more

It wasn’t that long ago when homeowners scoffed at the idea of a short sale and buyers were too scared of the idea to put in an offer. These days short sales are becoming more commonplace and many are finding they can offer good benefits in a bad situation. A Win-Win For homeowners with an  … Read more

Bankruptcy laws hold strict requirements for filing for personal bankruptcy more than once.  Often times, a debtor must wait anywhere from 4 to 8 years to file again depending on their previous filing. Despite even more strict exit criteria for business bankruptcy filings, there has been an increase in the number of businesses seeking bankruptcy  … Read more

Negotiating debts may seem intimidating, but it doesn’t have to be. In fact, creditors are often far more willing to negotiate debts than you might think. Although they may play hardball in the beginning, getting them to compromise can be done. All it takes is a little knowledge and know how, having a few traits  … Read more

Homeowners struggling with mortgage debt know just how tough it can be to secure a loan modification or foreclosure alternative deal with lenders. So why are so many people ending up victims of modification scams? The Con With a few legitimate federal programs floating around offering help to homeowners in need, more fraudulent modification companies  … Read more

Personal debt burdens are soaring and bankruptcy filings have topped the charts for quite some time, but a new consumer group is seeking to change the face of debt among Americans. The Consumer Financial Protection Bureau is a new federal watchdog agency that is making a big impact in the lives of consumers around the  … Read more