Latest on the Bankruptcy Blog

The foreclosure process is a scary one and one that shouldn’t be braved alone. After all, the bank has many people on their side helping to facilitate the foreclosure process. Why should you face the process alone? Representation Helps The purpose of a foreclosure lawyer is to ensure that the law is on your side.  … Read more

Now that tax season is over you may or may not find yourself owing the IRS money. While tax debts are not typically financially troublesome for most people, they can be overwhelming if you aren’t expecting them. Avoiding Back Taxes Many people begin to panic when they think of the possibility of back taxes. While  … Read more

With all the talk about the federal refinancing program for struggling homeowners, many people not in immediate mortgage debt danger have had a renewed interest in refinancing. In the past, refinancing a mortgage was fairly difficult and some even found it impossible. These days, lenders have been encouraged to open up more refinancing offers for  … Read more

The former business manager for the popular music group the Black Eyed Peas has found himself in financial trouble, with the group and personally. Admitting he failed to file income-tax returns for the group’s members and other clients, he is now filing for Chapter 7 protection of his own finances. The Music Stopped The Black  … Read more

Although no one wants to end up in bankruptcy protection there are instances in which filing becomes inevitable, even for the second or more time. Bankruptcy laws do allow debtors to file for bankruptcy multiple times, but there are some strict guidelines that dictate when and how the second or more filing can happen. The  … Read more

The spring and summer are the hot seasons for buying or selling a home. Although many people are still hesitant to jump into a mortgage in such a battered market, there are still plenty of people who need to sell and some that are looking to buy. The key is knowing what to look for  … Read more

After filing for Chapter 11 for the second time in 10 years, Hostess Brands Inc. is having continued problems in their current bankruptcy filing. The snack cake maker is reporting trouble reorganizing their $945 million general and $11.8 pension fund debts. After the blame was placed on union and pension obligations, Hostess is now encouraging  … Read more

The real estate market has had some signs of recovery in the last few months, but plenty of concerns remain. The biggest issue currently looming over the future of the market is what will happen to all of the foreclosures. The market is saturated with foreclosed homes, many of which are considered undesirable for many  … Read more

Many Americans are facing the harsh reality of medical debt due to unforeseen circumstances, loss of a job and even the inability to afford health insurance. With so much going on in the health care industry today, it can be difficult for some people to find, obtain or even keep medical coverage. Medical debt is  … Read more

Tax season is over, which means one of two things. You either received a tax refund check or you owe the IRS. Owing the IRS is more common than you might think, and not being prepared for that additional cost is also becoming more commonplace. The trouble with tax debt is that people are often  … Read more