Latest on the Bankruptcy Blog

If you are in the position of needing bankruptcy protection you are most likely experiencing financial strain. While bankruptcy can provide relief from debts and resolve financial pressure, it is often assumed to be expensive. The fact, filing for bankruptcy is affordable and generally only costs you by way of court filing fees. The Fees  … Read more

Getting a car loan after filing for bankruptcy is not as impossible at it may seem. Although there are additional challenges that come with loan applications after bankruptcy, it actually has very little to do with the bankruptcy itself and more to do with how debts were handled prior. There are, however, a few considerations  … Read more

Managing debts is a hassle at anytime, but trying to manage them later in life can pose unique challenges. Many retirees face limited incomes, medical conditions and problems negotiating their debts when needed. It is important to understand how debt relief options are best used depending on one’s financial situation.   Time To Relax Retirement  … Read more

Mortgage fraud and foreclosure scam issues have been top news for quite some time, but recent statistics reveal how deep the problem really goes. The FBI has taken part in the investigation and prosecution of mortgage fraud cases, highlighting the serious nature of such problems. Shocking Statistics Strict lending requirements, sinking home values and a  … Read more

When Jefferson County, Alabama filed for Chapter 9 bankruptcy back in October it was thought to be one of the biggest municipal bankruptcy cases in history. A new record is about to be broken as another city is on the verge of taking the title of becoming the largest city in the United States to  … Read more

While many are scrambling to find a solution to the foreclosure crisis that has plagued the nation over the last few years, new evidence is coming to light about where some of the potential gaps in the system might be. Without forgetting the role stingy lenders have played in the mess, it has been discovered  … Read more

The decision to file bankruptcy is not an easy one, especially when married or separated from a spouse. Money troubles in marriage can be complicated enough, but filing for bankruptcy doesn’t have to be. The key is knowing what your options are and which option may be suit your financial situation. Dissolving Debts Filing for  … Read more

The mortgage debt crisis has sparked much debate among policy makers. While the government is working to slow down and even reverse the effects of the foreclosure epidemic, many are bringing forth ideas intended to produce change. One idea receiving heavy attention is that of mortgage principal write downs. Help For Sinking Mortgages With a  … Read more

As technology advances so does the way we do business. Everything from gift giving to banking and paying bills can now be done online. While many bankruptcy attorneys are now turning to software programs to make filing easier for clients, the talents and skills of an attorney cannot be replaced by technology. Boosting Chances One  … Read more

Applying for a mortgage is no small task. Besides individual differences in an applicant’s qualifications, there are differences in how lenders consider income. Lending giants Freddie Mac and Fannie Mae impose their guidelines on income interpretation and what is considered to qualify on smaller lenders, but even these lenders vary among their application of these  … Read more