Latest on the Bankruptcy Blog

Finding an adequate solution for mortgage debt can be difficult. Since everyone’s financial situation is unique to them, no two options are equally viable for anyone. The best way to pursue mortgage relief is to know which steps to take first. Avoid Foreclosure – while this seems like the obvious reason for finding mortgage relief,  … Read more

Filing for bankruptcy is not a process that was intended to be difficult, but it does have very specific guidelines that must be followed. There are times that people unknowingly come into contact with some of the “don’ts” associated with the process, leaving the fate of their case in jeopardy. Watch Your Step The bankruptcy  … Read more

While debt negotiation can be a great way to lower payments and get out of debt faster, there are some things to be considered. Before attempting to negotiate debts with creditors be sure you have done the following: Prepare Entering credit negotiations is just like any other form of negotiation, which takes careful planning and  … Read more

Protecting one’s home from foreclosure is a very important aspect to being in debt and experiencing financial hardships. No one wants to lose their home and many people begin to feel like their options are dwindling with each passing day. While most people understand that filing for bankruptcy could protect their home, few people have  … Read more

Unfortunately, homeowners are the only ones suffering from the threat of foreclosure. Many businesses and non-profit organizations have been hit by the mortgage crisis as well. As the economy continues to challenge all property owners, even houses for worship and practice aren’t safe from the grips of foreclosure. Guided Into Debt A recent study reports  … Read more

When it comes to dealing with debt collectors many people quickly become overwhelmed or bullied into unnecessary decisions. Their harassing tone and persistent techniques can be unbearable for most people. The biggest problem consumers face in handling debt collections is not knowing their rights or their options when creditors violate the rules of fair debt  … Read more

As one of the most sought after, and also most denied, types of mortgage debt options accepting a mortgage modification offer is not always the best solution. While securing one can be difficult for many homeowners, there are some reasons why accepting a lender’s modification offer should be carefully considered. Choosing Wisely Loan modifications have  … Read more

Filing for bankruptcy can be a great resource for those who are financially insolvent. While many people worry about the fate of their assets, there are some laws that offer protection over much of one’s property. These bankruptcy exemption laws can be surprisingly thorough depending on which exemption is claimed. Federal vs. State Federal exemption  … Read more

Dealing with debt collectors is not an easy job. In fact, our government has invested more time and money into regulating and investigation allegations of fraud in the past few years than ever before. Unfortunately, their efforts are proving to be much needed as several new scams are popping up and costs innocent consumers millions  … Read more

Although any consumer maintains the right to enter credit negotiations directly with a creditor, many people are afraid of the process. Rather than seek help through a randomly chosen third party debt relief company, consider hiring a debt negotiation lawyer for the following reasons: They know the law: Many people never expect for the law  … Read more