Latest on the Bankruptcy Blog

Baseball fans have had their fair share of watching favorite teams take the plunge into Chapter 11. Texas Rangers and the LA Dodgers are two big names that have taken headlines over the last few years. Now, after 10 long months in bankruptcy court, the Los Angeles Dodgers may have finally come to an agreement  … Read more

Contrary to popular misconception, getting credit or loans after bankruptcy isn’t impossible. Although the process may be a bit more challenging than someone with perfect credit and financial history, there are plenty of creditor willing to lend post-bankruptcy. The trick is knowing how to present yourself and what type of loan to look for. Getting  … Read more

If you have, or will be receiving, a tax return this year, congratulations! If you are like most people, you probably spend that refund check. However, try doing something new with your tax refund check this year to put yourself ahead and ease the risk of financial crisis down the road. Save Or Spend Smart  … Read more

The American Airlines bankruptcy isn’t the only headline describing the trouble in the airline industry these days. Direct Air has also been in the midst of a Chapter 11 case for the last few months. However, after continued troubles with debt restructuring the company has asked the judge to approve a conversion to a business  … Read more

Dealing with overwhelming debt is stressful enough, but these days finding legitimate help can be difficult. With so many debt negotiation scams operating around every corner, how are consumers to know that the company they chose to negotiate their debts isn’t reputable? Although the Federal Trade Commission is working to better educate consumers, a new  … Read more

The first quarter of 2012 reports are in and showing foreclosure filings have fallen to their lowest levels since 2007. While the number of new foreclosures are slowing to levels prior to the housing market collapse a few years ago, this new data has brought both hope and skepticism to the struggling industry. Good And  … Read more

Reddy Ice Holdings Inc. is a big player in the packaged ice manufacturing and distribution business. However, the Dallas-based ice manufacturer and distributor filed for Chapter 11 bankruptcy this week, citing over $500 million in debts. Cold Profits Reddy Ice makes about 1.8 million tons of ice a year, distributing the packaged product around the  … Read more

It is estimated that nearly one in four homes is considered underwater or worth less than what is owed on the mortgage loan. As the number of sinking mortgages and foreclosures continue to hover around all time highs, many homeowners are left feeling trapped and hopeless. Although there are several options available, many people simply  … Read more

The volatility of the mortgage industry has brought a sour taste to the mouths of many Americans. After big lenders took over headlines, not much is left to be desired in terms of home ownership. However, there have been a few positive points worth mentioning in recent months. Rays Of Hope First, the Federal Trade  … Read more

Debt collectors use some pretty harsh or tricky techniques sometimes in order to get in touch with a consumer or persuade them to pay. One aspect of debt collections that is becoming an increasing problem is the use of social media sites like Facebook to facilitate debt collections. These days, it isn’t just your friends  … Read more