The American Airlines bankruptcy case has been quite turbulent in the last few months. With talks of massive layoffs, huge cuts to employee pensions and benefits, many employees are feeling pessimistic about the future of their jobs at American. Although Dallas-Fort Worth stands to lose quite a bit if American does not successfully resolve their … Read more
Once a common practice for punishing debt evaders, debtor’s prisons have been abolished since the 1830s. Jailing people over unpaid debts is no longer common practice, but that isn’t to say it hasn’t happened to some unsuspecting consumers. Breaking The Law? Lisa Lindsay is a breast cancer survivor and, now, a statistic of having been … Read more
There are numerous reasons that people end up in mortgage debt. Job loss, medical illness, divorce or simply failing to plan a mortgage correctly can all lead to problems with maintaining a mortgage payment. Avoiding foreclosure isn’t as difficult as you may think and could be prevented by a little planning. Preparation and Planning When … Read more
Credit card debt is consuming our lives. Whether economic pressures have lead you to need credit to cover your monthly expenses, or you simply overspent, credit card debt is becoming a problem for many Americans. Luckily, there are ways to find the right credit for your position in life that can make or break your … Read more
Homeowners aren’t the only ones threatened by mortgage debt these days. Commercial property owners have found themselves upside down on properties with sinking values and vacant from renters. However, the U.S. Small Business Administration has refinancing program to help commercial property loan holders lower their payments and avoid foreclosure. Help For Businesses The government has … Read more
Wage garnishment is a nasty word that often haunts anyone having trouble repaying their debts. Creditors may threaten to have your wages garnished or you may simply go unaware that it is happening until you see a part of your paycheck missing. There are a couple of important aspects to wage garnishment that you should … Read more
Debtors rarely pay attention to what duties the creditor has as part of their bankruptcy case. The truth is that creditors can, and do, take a fairly active role in a case. However, what they are required to do is generally nothing to worry about, especially when a debtor is represented by a bankruptcy attorney. … Read more
Debt negotiation is one tool for getting out of debt that many people have considered at one time or another. The biggest problem with pursuing a debt negotiation is not knowing the benefits and risks of the situation. Before entering into a negotiation over your debt, understand that there are some good and bad aspects … Read more
All the discussion over the trouble in the mortgage industry and possible solutions to help fix it and save distressed homeowners can get confusing. Not all industry experts agree on which mortgage debt solution is best and, in many cases, the answer really depends on the situation of the homeowner. Refinancing Mortgage refinancing is gaining … Read more
The myths associated with filing for bankruptcy cover everything from asset liquidation to a damaged reputation. The problem with misconceptions about the process is that it hinders people from taking advantage of the benefits bankruptcy has to offer. When it comes to filing for Chapter 13, there are some common myths that often confuse or … Read more