Latest on the Bankruptcy Blog

Finding credit again after bankruptcy is not as hard as you might think. Numerous creditors offer cards to consumers after a bankruptcy and may even prefer them as a target base. Why? Because these cards and lines of credit are often packed full of unfavorable terms and carry higher than average interest rates, meaning more  … Read more

The Home Affordable Refinance Program (HARP) is part of the government’s Making Home Affordable Program. After its original release last year, the program failed to deliver the magnitude of help promised for at-risk homeowners. It has since been revamped to expand its reach and help more homeowners avoid foreclosure and resolve mortgage debts. What’s New?  … Read more

A research based consulting firm started by Newt Gingrich has found itself in financial trouble in recent months. After racking up nearly $10 million in debts to creditors the firm filed for business Chapter 7 protection earlier this week. The Gingrich Group Pioneered by the former House Speaker Newt Gingrich in 2008, the firm was  … Read more

For homeowners who were unlawfully foreclosed upon, the recent program to review these proceedings came as good news. The foreclosure review process was designed to evaluate individual foreclosure cases to determine if affected homeowners are due reimbursement. However, a new study shows that very few potentially eligible homeowners have taken advantage of the review program.  … Read more

The manufacturers of the controversial beef product being dubbed as “pink slime” have a lot going on these days. AFA Foods Inc. filed for Chapter 11 bankruptcy earlier this week as the media bashing has created an even bigger beating to the company’s profits. Now dealing with debt resolution and reputation repair, AFA Foods  is  … Read more

Debt troubles can extend far beyond harassing calls from creditors. In some cases, people have found themselves in court over an unpaid credit card balance, and even some that may not have been legitimate debts. The problem with credit card debt lawsuits is that each state carries its own laws about the statute of limitations  … Read more

Not everyone is looking to buy a home in today’s market, but the interest in refinancing a mortgage has peaked. One of the most important aspects to staying out of mortgage debt and keeping a  manageable payment is the interest rate. Although rates are historically low, not everyone qualifies or will find obtaining a good  … Read more

Although not everyone needs bankruptcy protection, there are still plenty of benefits of the process. However, most bankruptcy lawyers advise at least attempting other debt relief solutions first, unless you have an asset at risk of foreclosure or repossession. If you can afford to repay creditors and have the time to do so, there are  … Read more

The once lucrative video rental chain, Hollywood Video, is back in the hot seat again. This time the bankrupt company is in trouble for attempting to collect on old debts, many of which may not even be legitimate. Cease Operations After their 2010 bankruptcy filing, Hollywood Video’s efforts to collect on suspicious debts is leaving  … Read more

Deciding the fate of your home when you can’t afford to maintain the payments is a tough position to be in. Many people are faced with this decision each day and many are finding their choices to be plentiful, but difficult. If you have tried to apply for a refinanced loan or mortgage modification without  … Read more