Latest on the Bankruptcy Blog

Homeowners can be devastated by a foreclosure, but renters often have it worse when a property enters foreclosure. The effects go far beyond simply being evicted and many renters have had a tough go of finding adequate housing when the property they rent ends up in the hands of the bank. Eviction Notice Depending on  … Read more

Stockton California has been facing tough financial decisions for some time. As city officials inch closer to a Chapter 9 municipal bankruptcy filing, their efforts are being put on hold as the result of a new law. Now forced into a mandated mediation period, the city is working towards a plan that will consider alternatives  … Read more

Now that tax season is over, you may find yourself owing the IRS money. Tax debts can be tricky, especially if you lack the funds necessary to repay them. Although many people assume tax debts are not eligible for bankruptcy, the truth is that some tax debts are and can be discharged quite easily. Tax  … Read more

Anyone who has entered debt negotiation with a creditor knows how tedious the process can be. Between stubborn creditors and bills piling up, many people give up on the debt negotiation process and never get the relief they need. Having representation on your side is one way to beat this obstacle and maximize your chances  … Read more

Freddie and Fannie have taken their fair share of media attention and criticism over the last few years. After their involvement in many branches behind the mortgage crisis, these lending giants have been working to restore their name. Although their efforts may win back the respect of borrowers, many company executives are ditching the train  … Read more

Debt collection calls can be abusive and irritating. Surprisingly, you don’t have to be in debt or even owe anyone money to be the target of some of these harassing calls. In fact, many people are wrongly contacted about an alleged debt they don’t even owe only to be victimized by the debt collector. It  … Read more

California has taken a huge hit as a result of the foreclosure and mortgage crisis. However, California also has an attorney general who has been fighting diligently to step up mortgage debt relief efforts and increase lending regulations. Attorney General Kamala Harris has put a few new bills on the table to help spur change  … Read more

The airlines industry has had a rough go over the last few years. As the economy pushes more airlines into bankruptcy protection, even aircraft manufacturers are succumbing to the financial pitfalls of a sinking market. Yesterday, a well known aircraft maker, Hawker Beechcraft, announced their Chapter 11 filing. Flying Low A drop in demand for  … Read more

Many consumers get in over their head with debt due to poor money management or unforeseen circumstances. While credit negotiations are a good way to lower debt payments and work toward financial freedom, finding legitimate help isn’t always easy. Tips For Success The Better Business Bureau fields numerous complaints from consumers who have gotten into  … Read more

When filing for Chapter 7 bankruptcy there are some asset and property possession issues to be considered. In general, any secured debt asset may be at risk of seizure or repossession by the creditor in a Chapter 7 bankruptcy unless the debtor agrees to reaffirm the lease after the debts are discharged. Lease Agreements Reaffirming  … Read more