Latest on the Bankruptcy Blog

Owners of BP gas stations and their customers have been put on the back burner for the last few months. All gas deliveries have stopped to most stations, leaving locals with fewer gas options and station owners with empty lots. Tough Times With more than 700 BP stations struggling to stay in business, many gas  … Read more

Dealing with creditors takes patience and determination, especially if you are attempting to find a debt resolution agreement. Although there are many third part debt relief companies offering to negotiate debts on your behalf, the truth is you can be just as effective on your own following a few simple techniques. Be Prepared The biggest  … Read more

The packaged ice manufacturer and distributor, Reddy Ice Inc., filed for Chapter 11 earlier this month in efforts to pursue debt restructuring with its creditors. Now that steps have been made towards resolving some of their near $530 million in debts, Reddy Ice faces additional challenges as they are now tied up in a court  … Read more

Owning an investment property has some additional considerations that traditional property owners don’t face. For one, obtaining foreclosure help on an investment property can be near impossible in some situations. Even options like refinancing come with some stipulations and challenges that must be met before an refinancing offer is approved. Investing In Lower Rates High  … Read more

Business debts can be just as stressful as personal debts, if not more so. When a business owner finds that the business is not doing well and the finances have become poor enough to make keeping up with debt payments challenging, it can be difficult to resolve outside of bankruptcy. Whether a company enters into  … Read more

Selling a home is tough, especially in today’s market. With so many foreclosures and short sales on the market, the average home value is being drug down by their low prices. However, selling a home in this market doesn’t mean you have to take less than what the home is worth. Just keep these few  … Read more

The time has come for those of us who are getting a tax refund to begin checking the mailbox daily in anticipation of the check. While most people blow their tax refund check on a luxury purchase, you could actually do something different this year and put that money to work. Although not as fun  … Read more

The online photography and custom photo store Shutterfly has been lurking around Kodak for the last few weeks. Having filed for bankruptcy in January, Kodak’s intellectual property and other assets have been up for grabs to the highest bidder. With very little interest thus far, Shutterfly may just be the winning bidder. Picture Perfect Deal  … Read more

The state of Nevada isn’t taking mortgage lending lightly these days. As one of the hardest hit states of the foreclosure crisis, Nevada residents have suffered a lot at the fate of the economy and poor lending practices. In efforts to stamp out  further troubles with mortgage and foreclosure scams, the Nevada Division of Mortgage  … Read more

When considering bankruptcy there are some questions as to the condition and fate of your assets. The good  news is that bankruptcy exemption laws allow you to keep most of your property in bankruptcy. However, there are important differences between the federal exemption laws and Texas bankruptcy exemption laws that could determine how much of  … Read more