Latest on the Bankruptcy Blog

Research has shown that consumer confidence plays a significant role in the overall health of the economy, and the same is true for the mortgage lending industry. While most people will quickly report that they have  lost a lot of faith in the mortgage lenders and the ability to successfully maintain home ownership, new studies  … Read more

One of the biggest advantages to filing bankruptcy is the automatic stay order, which prohibits debt collectors from contact you and making collection attempts. This order offers protection during the time you are in bankruptcy, but what happens after bankruptcy? Mixed Signals If your case is dismissed, you are no  longer afforded the protection under  … Read more

This year taxpayers will get a chance to participate in a new IRS program designed to help those who cannot afford to pay their tax debts. Deemed the Fresh Start initiative, the IRS is granting eligible taxpayers two new ways to manage their tax debts this season. Don’t Forget The Form The IRS will be  … Read more

NFL player, Michael Vick, has had is fair share of media attention  in recent years. After working hard to come back from dog fighting charges, Vick has found a new lease on life that also includes resolving his near $20 million in debts. Moving Forward Having filed for Chapter 11 bankruptcy back in July of  … Read more

For most young adults, college is a time of learning and growth. Unfortunately, this new found freedom also comes with some times of poor judgment and mistakes.  College students are quickly moving up the ranks as one of the fastest growing demographics for personal debt burdens. Endless credit card offers, tight finances and spending temptations  … Read more

While the Department of Housing and Urban Development (HUD) is certainly no stranger to the mortgage lending crisis, they have begun taking on new tasks in effort to help bring a sense of closure. HUD has been involved in investigations of wrongdoing and increased regulation practices in recent months. Taking Action HUD investigators are reporting  … Read more

There is no doubt that the American Dream of home ownership has taken a hit in recent years. The once picturesque neighborhood has turned to one plagued by short sale and foreclosure signs. As more people are forced out of their homes, one art exhibit aims to change our view of the future of home  … Read more

Everyone has a unique financial situation and no two people share the same debt burden, unless perhaps they are married. Because everyone’s situation is unique it often begs the question, Will my debts qualify for bankruptcy? Yea or Nay? Debts fall into one of two categories: unsecured debt and secured debts. Secured debts are those  … Read more

Conflict over finances is the number one factor in divorce today. Money troubles and debt can put a strain on even the strongest relationship, which is why effectively managing money in marriage is so important. With so many options available to help couples deal with their debt, all it takes is a little time and  … Read more

Credit counseling is one of the most underutilized sources of debt relief help. As one of the more affordable and least invasive types of debt relief help, it is surprising that more people don’t know of its benefits or ever think to pursue it. Credit counseling can be a great place to start when debts  … Read more