Latest on the Bankruptcy Blog

Mortgage debt is no position for any homeowner, but it is a very real threat in today’s economy. As more people are struggling to maintain their mortgage payments, the possibility of foreclosure looms around the corner. If you are dealing with a financial hardship and are worried about the chances of foreclosure, there are a  … Read more

When home buyers picture buying a home the last thing on their mind is a foreclosure. With so many foreclosures saturating the market today, the average home buyer is bound to come across a few in their search. Although most people shy away from buying a foreclosure, the potential benefits in purchasing one could be  … Read more

Debt is tricky business, especially when tax time rolls around. Did you know that you might be liable for taxes on debts that were written off? Did you know that if someone owes you a debt it may be eligible to become a deduction? These are two very important aspects during tax season that could  … Read more

If your debts have become overwhelming and you can’t get a hold of financial stability, filing for bankruptcy can be one way to get you back on track. Although the process can be tedious, knowing what to do before filing can help maximize your chances at a successful outcome. The Know How There are a  … Read more

The purpose of seeking bankruptcy is to resolve debts through a legal channel that can provide a release from liability over those debts. Whether those debts are resolved through a Chapter 7 liquidation case or a Chapter 13 repayment plan, the ultimate outcome for any filer is to receive a debt discharge. However, there are  … Read more

As a mortgage debt solution, short sales are becoming increasingly popular. Bringing  more money for the lender and less risk associated with foreclosure, short sales also have the potential to save neighborhoods from plummeting home values. Although not the preferred solution for the seller, a short sale can still help remove them from a bad  … Read more

Most consumers know very little about the debt collection process or their rights for dealing with collectors, but they do know a lot about the stress associated with collections. There are some very important aspects of debt collections that every consumer should know in order to better protect themselves from abuse and resolve their debts  … Read more

Credit cards are the most commonly held source of debt among Americans today. While carrying some debt is beneficial to your overall financial health, too much debt can be damaging. Before ending up in credit negotiations or a debt settlement situation, take precaution to watch your credit card spending and avoid the following debt traps:  … Read more

Mortgage debt, underwater homes and foreclosures are a huge problem in the housing market today. Loan modifications and short sale options haven’t been the most popular with lenders, leaving many people stuck in a home they can’t afford. With options limited for some homeowners, a new program could just be the answer. Owning To Rent  … Read more

The interest in acquiring American Airlines has been high ever since they filed for bankruptcy late last year. As one of the nation’s leading airlines, anyone acquiring American stands to gain a huge chunk of market share in the industry. The frontrunner these days is US Airways, who is reportedly in talks with many of  … Read more