Latest on the Bankruptcy Blog

Tax time brings lots of anxiety for many Americans. Not knowing whether you will get a refund or owe can be nerve-racking . If you expect to owe this year, or are facing old tax debts that haven’t been paid, there is no need to worry. The IRS offers a plan to help you repay  … Read more

Debt collectors go to some great lengths to collect on their debt, including contacting your employer and family. Dealing with debt is difficult enough without the added hassle of having your privacy violated by a debt collector. Luckily, there are rules that debt collectors must follow and any violations of these rules can lead to  … Read more

The issue of student loan debt has been a hot topic for quite some time. As the debt total for student loans inches closer to $1 trillion nationally, government officials and others are pushing for reform. Once dischargeable in bankruptcy, these debts have been restricted from the process and left to be handled with limited  … Read more

As if all the trouble with unlawful foreclosures and mortgage debt relief scams haven’t caused enough trouble, a new scam is brewing taking advantage of those who already suffered at the hands of lenders or third parties. As the $25 billion mortgage settlement scam is just gearing up for distributing funds and  making amends, scam  … Read more

New foreclosures are hovering around prior rates and old foreclosures are still sitting stagnant. Most people assumed that foreclosure sales would increase this year as so many properties are sitting and waiting to give a potential buyer a great deal. So far this year the number of foreclosure sales has been highly disappointing, but a  … Read more

The Chapter 7 bankruptcy process uses your income to determine your eligibility to file, as well as how much of your nonexempt property may be liquidated to satisfy debts. This poses a unique problem when tax time rolls around. Filing for bankruptcy around the time of owing taxes or receiving tax refund checks can influence  … Read more

Getting out of debt doesn’t always take an army. In fact, many people have successfully navigated their way out of debt with a little focus and effort. Depending on your financial situation, you may be able to follow suit and find debt relief without the help of a third party company. The Steps It is  … Read more

When filing for bankruptcy there are many things that need to be considered in order to get the most out of the case. Although some property and funds are exempt from liquidation in bankruptcy, there are some that may not be protected. One example is inheritance money. How these funds are handled depends on the  … Read more

A leading tax debt firm has landed themselves in hot water with former clients over a bankruptcy filing and allegations they engaged in unprofessional practices. After TaxMasters filed for Chapter 11 a few weeks ago, many clients who sought help for their tax problems have been left to deal with their debts and other troubles  … Read more

The federal programs designed to help homeowners struggling with  mortgage debt have received much criticism over their less than fruitful effect. However, a new report shows that the problem may be that consumers simply don’t know about the existence or availability of such programs to begin with. Frightening Facts One-fifth of all mortgages are underwater  … Read more