Latest on the Bankruptcy Blog

The foreclosure crisis hasn’t just pummeled middle class America, even the upper class as felt the wrath of a sputtering mortgage lending industry. More million dollar homes are in foreclosure than ever before, bringing new challenges to the banks who own those multimillion dollar mortgages. Big Mortgages, Big Problems Defaulting on an average sized, moderately  … Read more

Credit concerns are one of the most common worries that people have when they enter the bankruptcy process. Not realizing that the bulk of credit damage is already done when they miss a payment or default on their account, many people assume bankruptcy itself is what complicates their future of credit. While filing for bankruptcy  … Read more

Personal debt is reaching epic highs for the majority of Americans today. After several years spent in recession, many people simply don’t have the money to maintain the lifestyle they set up a few years ago. What is surprising is that few people are voluntarily giving up that old lifestyle and many are engaging in  … Read more

Dealing with debt is not an easy task, especially when finances become tight. Financial hardships can arise at anytime and without warning, which makes debt resolution a tricky situation. If you are suffering from overwhelming debts and the lack of income to pay them, there are a few key points you should know about your  … Read more

One of the more notable changes to the 2005 bankruptcy laws requires that anyone filing for bankruptcy complete a credit counseling course. This course is designed to provide valuable information about debt management, budgeting and using credit wisely. If you are entering credit counseling for the first time, be sure to review a few important  … Read more