Latest on the Bankruptcy Blog

Refinancing isn’t only for mortgages. You can also refinance your car loan to lower your payments and free up some cash for other expenses. Like refinancing a mortgage, refinancing a car loan also comes with some additional considerations. Risks And Benefits Although many people never think to apply for a refinanced car loan, it can  … Read more

The American Airlines bankruptcy has stayed in the headlines ever since their filing last November. After several rounds of job cuts, backing out of several jet purchases and terminal leases, the company has had to defend its debt restructuring efforts to critics. In The Hot Seat After more serious indications that a buyout or merger  … Read more

The laws and guidelines that apply to Native American tribes have been a gray area for many years. As our government has worked to outline ways to protect these tribes and also grant them a level of independence, their efforts have created a gap that leaves several issues unresolved. After one tribe filed for bankruptcy  … Read more

With all eyes on the mortgage industry there are some signs indicating a recovery could be on the way. Although no one expects the recovery to be groundbreaking, any improvement is welcomed over foreclosure these days. Even more interesting is the fact that despite the small inches of recovery in the market, mortgage rates are  … Read more

The bankruptcy process is not the easiest to navigate alone, which is why having a bankruptcy lawyer assist you can be extremely beneficial. Besides knowing the ins and outs of bankruptcy, they also act as your representative and mediate any interactions with creditors on your behalf. While having a lawyer can significantly improve your chances  … Read more

Smart money management skills are not inherited, but are learned. As parents, it is important to teach your kids about ways to manage their money early on. As kids mature and get closer to the real world and college, knowing how to manage money effectively can be the difference between a financially healthy adult or  … Read more

Depending on who you ask these two concepts may be used interchangeably. There are some who consider a short sale to be a strategic default, while others view a short sale as a foreclosure alternative that has nothing to do with defaulting. However, there are some important distinctions that should be made between these two  … Read more

Built over 30 years ago, the Sheraton Hotel once dominated the downtown scene in Fort Worth, Texas. Now struggling with dwindling profitability the hotel has filed for bankruptcy protection to resolve its debts and prevent a foreclosure. A Short Stay? The Sheraton Fort Worth hotel has only been in business for 38 years, a small  … Read more

No one enjoys being in debt. It is a stressful position full of many tough decisions, but finding help can be just as overwhelming. Many people have a limited idea of the debt relief options available and how they can help. Getting to know the options is the best way to help choose the right  … Read more

Most people are aware that an unsolicited foreclosure notification is serious business, but what about an unsolicited letter offering mortgage relief? One of the most notable signs of a mortgage scam is unsolicited contact from a mortgage service company or third party agency. While homeowners have been cautioned against following through with services offer without  … Read more