Latest on the Bankruptcy Blog

Many homeowners have fallen victim to foreclosures at the hands of unlawful practices by lenders. Caught up in the massive paperwork scandal, some homeowners have turned to drastic measures to help get their homes back. The Occupy Movement took on a new mission a earlier this year, aiming to help foreclosure victims by moving into  … Read more

The filing process is not something people jump to quickly when attempting to resolve their debts. With so much to consider, bankruptcy is generally the last thought from anyone’s mind. However, bankruptcy offers two ways to resolve debts and get back on track, each with their own set of advantages and risks. Ask yourself the  … Read more

Just as quickly as things fall into place life happens and the unexpected becomes a reality. As a homeowner, protecting yourself against financial hardship is crucial to the success of maintaining a mortgage and avoiding foreclosure. While there is no guarantee that any unforeseen circumstance can be controlled by preparation, you do have a far  … Read more

“Quick and easy money” is a phrase that appeals to all of us, but these types of offers are often too good to be true. Most people who end up in these types of traps often fail to consider what has lead them to the point of needing such fast cash to begin with. Whether  … Read more

One of the biggest advantages to filing for Chapter 13 bankruptcy is to protect your home from foreclosure. The Chapter 13 plan allows you to resolve your missed or late mortgage payments without worrying about the threat of foreclosure. Although Chapter 13 allows you to get caught up in a payment you can afford, there  … Read more

The biggest complaint both a buyer and the seller have about a short sale is the time it takes to complete the process. Although a better alternative to foreclosure, the short sale process has been known to drive away potential sales for lenders. However, Fannie and Freddie are taking steps to streamline the process that  … Read more

Last summer news broke about the fate of the retail movie rental chain Blockbuster after their bankruptcy filing in 2010. After much negotiation and consideration, Blockbuster was bought out by the cable television provider Dish Network. While Dish vowed to allow many Blockbuster stores to remain open, a main office headquarters will soon be relocated.  … Read more

Many people assume that their assets are at great risk for liquidation when filing for bankruptcy. This is simply not true. Not only is bankruptcy one of the best ways to protect your assets when dealing with debt resolution, but there are numerous bankruptcy exemption laws that are designed specifically for protecting these assets. Safe  … Read more

Credit negotiations are a great tool for anyone looking to resolve their debts directly with creditors and regain control over their finances. However, most people enter the process unprepared and not knowing what to ask for. When seeking to negotiate your debts, plan ahead and know what plan you want to follow to resolve your  … Read more

When it comes to taking out a mortgage loan there are some significant differences between a conventional loan and an FHA insured loan. Generally speaking, FHA loans are easier to obtain than conventional loans. However, the foreclosure troubles have spurred some interesting changes in the mortgage industry, one of which includes making some changes to  … Read more