Latest on the Bankruptcy Blog

Wage garnishment is a collection tool used by many creditors when a debtor has defaulted on their account. Although garnishing wages is usually not the first line of collection attempts, many people may be affected by the process without knowing it. Once a creditor obtains a court order to garnish a debtor’s wages, there is  … Read more

One option for resolving mortgage debt and lowering payments to stave off the threat of foreclosure is a mortgage modification. However, not everyone is successful in securing a modification with their lender. However, part of the problem preventing people from successfully obtaining a modification agreement can be alleviated with a little preparation. Not Applying Early  … Read more

After all of the trouble with mortgage debt and foreclosure, many potential home buyers are skeptical about the process these days. Although the market isn’t what it once was, there are still some good aspects of the mortgage industry today. Understanding the truth behind a few of the current mortgage myths can help a potential  … Read more

The American Dream of owning a home has turned into a nightmare for many people in recent years. The economy and lending industry have both suffered terribly and many people have been left facing foreclosure. Luckily, there are some ways that can help fight off mortgage debt and stop an impending foreclosure. The Old and  … Read more

The Memphis-based Pinnacle Airlines has been struggling to keep up flights around the Eastern part of the United States for a while. The regional airline carrier filed for bankruptcy on Monday, hoping to resolve its increasing debt problems and remain in operation. Small Airline, Big Debts Pinnacle Airlines Corp., currently offers regional service on smaller  … Read more

After much discussion about the effectiveness of the government’s previous refinancing initiative, the Home Affordable Refinance Program has been revamped to reach more homeowners at risk of foreclosure. Now that the HARP 2.0 has been released, more states are reporting an increase in interest of the program.   Supporting Underwater Mortgages HARP is a government  … Read more

Debt relief options come in many forms, each bringing their own risks and benefits. Options for finding debt relief cover everything from a simple debt management plan all the way to filing for bankruptcy. Some of the more popular options, such as a debt settlement offer or debt consolidation loan may seem like a good  … Read more

Refinancing is becoming increasingly popular among lenders these days. Not only is it less risky for a lender, but it may even has the potential to bring in more money. Compared to loan modifications or other option, refinancing carries less stigma and is often the first option of choice. However, there are a few important  … Read more

After Solyndra’s high profile bankruptcy filing late last year, many have been left to wonder what the future holds for the solar energy industry. Despite high demand and profitable manufacturing operations, two more solar companies are seeking Chapter 11 this week to resolve financial problems. A Dim Future? Solar Trust of America filed for bankruptcy  … Read more

It is no secret that the bankruptcy process is packed full of very specific rules and guidelines. The detailed nature of the process can lead to mistakes that could jeopardize the outcome of the case. One example is engaging in certain actions that could be considered suspicious or even fraudulent in the eyes of the  … Read more