Latest on the Bankruptcy Blog

Filing for bankruptcy can be an intimidating process. Most of the fear associated with it boils down to one thing, misinformation. There are many misconceptions and myths about bankruptcy that tend to deter people in need from benefiting from what the process can offer. A Sigh Of Relief If you are planning to file for  … Read more

Although many people end up in debt over unforeseen circumstances, we could all use a little education and training in how to manage our money better. One of the hidden benefits to debt negotiation or other options is that it can teach you a lot about your finances. However, you don’t have to default on  … Read more

The last few weeks have been a roller coaster of information related to the foreclosure fraud and mortgage settlement deal. Originally thought to be a massive $25 billion payout for victims, we soon learned that only $5 billion of the funds were actually earmarked for restitution payments. Now more information is coming forward regarding whether  … Read more

The United Way has been helping support families in need and promote community involvement for many generations. As one of the nation’s leading organizations to promote education and financial stability in communities everywhere, they have now taken on a greater challenge of joining the fight against debt. Leading The Way The Salina, Kansas United Way  … Read more

Having your bankruptcy case dismissed is not the outcome most people seek when they enter the process. A dismissal can happen for several reasons, but the real trouble lies in what happens afterwards.  Unfortunately, most people are not prepared for a dismissal or what comes next. Case Denied A bankruptcy dismissal can result if you  … Read more

Anyone facing foreclosure knows that time is of the essence. Mortgage lenders rarely wait around before taking action on a borrower who has missed a payment, which means that getting control of the situation must happen quickly. While short sales are known for being a long, drawn out process, there are ways to speed up  … Read more

Unpaid taxes are a serious problem that can often lead to more significant consequences by the IRS. While tax debts are not the biggest source of debt among Americans, they can be the most problematic if not resolved in a timely manner. Unresolved Debts The IRS is a creditor when it comes to collecting unpaid  … Read more

One of the nation’s oldest film and photography companies has struggled to maintain profitability in an increasingly digital age. Having filed for Chapter 11 bankruptcy in January, Eastman Kodak has been considering several offers to help with their debt restructuring efforts, including the sale of an important patent. Up For Grabs? Kodak hired an investment  … Read more

Debt troubles can extend far beyond a dwindling checking account and bills piling up. Often your credit report is the first place to take a hit when payments are missed and accounts become delinquent. After a debt negotiation, settlement or bankruptcy has been completed many people are left with the task of rebuilding their credit  … Read more

Medical debt troubles have long plagued our society as the costs of healthcare in the United States is much higher than that of other nations. Even those who have insurance coverage have found themselves in debt over medical bills when serious and unforeseen medical conditions arise. Although medical debt is one of the easier types  … Read more