Latest on the Bankruptcy Blog

Second mortgages became quite common right before the recession and foreclosure crisis hit. Until then, such loans were not considered overly risky by either borrowers or lenders. As mortgage trouble has continued to plague the economy for the last few years many people are not only in debt with their first mortgage, but also their  … Read more

Short sales are known for their headaches and challenges, but they can still be beneficial for both the seller and buyer. The biggest point of concern in a short sale is understanding that you may end up stuck in the process at one point or another. While patience is required, there are also a few  … Read more

Many people seek bankruptcy when their assets become at risk of repossession. While filing for bankruptcy can offer protection of assets such as your home or car, there are some differences to the way a Chapter 7 case manages these debts. The Options In general, there are three options for managing auto loan debts in  … Read more

You may have seen advertisements on television for legal finance loans and wondered what they are all about. Offering to provide you with the money needed for securing a  lawyer to pursue a lawsuit in exchange for some of your settlement funds, many people may find this to be an enticing deal when they can’t  … Read more

Once one of the higher paid defensive players for Tampa Bay and Oakland, Warren Sapp has landed in hot financial waters. Reportedly owing more than $6.7 million, Sapp filed for Chapter 7 bankruptcy last week. Contractual Obligations Right now the only thing keeping Warren Sapp afloat are several small contract deals that make up his  … Read more

There has been much attention over the changes to several of the government’s Making Home Affordable Programs. The Home Affordable Refinance Program (HARP) has been expanded in the new 2.0 version to reach more homeowners in need of lower mortgage payments. Now, the Home Affordable Foreclosure Alternatives (HAFA) program has also had some significant changes  … Read more

According to the 2012 Financial Literacy Survey, less than one third of Americans admit following a budget each month and over half of all Americans are considered financially illiterate. Even worse, is that our next generation is growing up without the knowledge and skills needed to establish a strong financial life. As part of April’s  … Read more

Not much has been off-limits in the American Airlines bankruptcy filing over the last few weeks. After several rounds of job cuts and talks of eliminating employee pensions, American has faced its fair share of criticism. Now that talks of a possible merger with US Airways strengthen, American is left fighting to stay independent in  … Read more

With the warmer weather upon us, we begin to think about that summer vacation we want to take or maybe making some renovations around the house. One thing most people don’t think about around this time of year is their finances. Already into the second financial quarter time is beginning to get away from us  … Read more

LaGrave Field is a piece of Fort Worth history. Opened in 1926, the field  has been home to the Fort Worth Cats baseball team since it was rebuilt in 2001. Now, the team may lose their stadium to foreclosure after several failed attempts to resolve financial troubles. A Strike Out LaGrave Field’s current owner, Carl  … Read more