Latest on the Bankruptcy Blog

Many people dealing with large debt burdens are attracted to the offer to settle their debts for “pennies on the dollar”. While debt settlement companies may be able to provide debt relief in this form, it often comes with some additional consequences that have yet to be considered. Chapter 13 Bankruptcy Many people are fearful  … Read more

Many people have lost their homes to foreclosure due to unexpected financial hardships, but there are ways to minimize this risk. Regardless of the reason why you may be at risk of foreclosure, or even if you aren’t, there are always options. Get To Know Your Options If you own a home and are not  … Read more

Today is a big day for determining the fate of American Airlines, as representatives from both the company and employee unions are scheduled to meet in bankruptcy court today. With so much on the line, the fate of the company is ultimately up to the bankruptcy judge who must determine the best procedures for restructuring  … Read more

Over the last month, credit counseling agencies and debt relief companies have been putting on workshops to offer consumers free information about money management. As National Financial Literacy month draws to a close, there is still much to be gained from companies looking to educate consumers about debt and finances. Taking Advantage The workshops being  … Read more

An increasing area of concern over personal debt burdens is arising as the result of pregnancy and maternity leave. Health care options have dwindled and many people don’t qualify for adequate medical coverage at all due to being self employed or employed with a small business. In many cases, women are refused pregnancy or maternity  … Read more

Now that the 2011 tax season has passed most of us won’t think about taxes again for another 9 months. However, a very important tax bill is set to expire this year that could bring some unwanted changes to the already struggling mortgage industry. Mortgage Debt Forgiveness Act In 2007, the federal government implemented a  … Read more

A longtime real estate developer in Northwest Washington state has fallen on hard times in this tough housing market. However, the real estate developing business is only one of four businesses operating under the umbrella Homestead Companies, all of which are now in Chapter 7 bankruptcy protection. Domino Effect Homestead Companies is a family-owned group  … Read more

Managing debts is difficult enough, but add in the numerous choices available for relief and many people begin to feel overwhelmed. Debt consolidation has become popular in recent years, while debt negotiation has taken a back seat. Why? Mostly because people assume paying less than they actually owe is impossible to obtain and prefer to  … Read more

The American Airlines bankruptcy case has been a point of controversy since their filing late  last year. Company executives have faced some tough criticism over their risky moves in the last few months. Despite constant negotiations the company has yet to find a solution to their financial troubles that doesn’t include huge cuts to jobs  … Read more

Now that the government has revamped their Home Affordable Refinance Program to expand its reach to more homeowners, lenders are being encouraged to offer more flexibility in lending. Until now, many lenders have been stubborn about their refinancing offers and many haven’t been willing to participate in programs like HARP. However, one of the lending  … Read more