Latest on the Bankruptcy Blog

After a long battle earlier this year, a settlement was reached that issued a $26 billion payout for all the trouble surrounding the unlawful foreclosure and mortgage debt crisis. Each state that agreed to the settlement allocated a specific portion of these funds to be used to help struggling homeowners with their mortgages. However, some  … Read more

High gas prices and a drop in consumer spending leaves Direct Air company executive with few choices to fight their financial battle. After much consideration and financial trouble, Direct Air made the decision to file for bankruptcy in March. However, Direct Air wasn’t able to restructure their debts, but instead ended up filing for Chapter  … Read more

It comes as no surprise to learn that experiencing a foreclosure is one of the top ten stressors in life. In a marriage, foreclosure can rank among the top three stressors that cause strain on the relationship. Unfortunately, a new link has been discovered suggesting that the foreclosure rate and divorce rate do have some  … Read more

Once taking over headlines for giving birth to octuplets, Nadya Suleman has enjoyed her time in the spotlight. Despite receiving much criticism, Suleman has continued to stand by her decision to receive fertility treatments and became a mother to 8 babie back in 2009. Suleman has laid low for quite some time, but is back  … Read more

In the wake of the recession and housing market disaster the government has implemented a few ways to help Americans stave off bankruptcy and foreclosure. However, as 2012 continues there is a battle in the White House about which programs will be renewed, if any. Mortgage Debt In 2007, the federal government passed a bill  … Read more

In today’s economy keeping a job can be difficult enough, let alone finding one if you were previously laid off. Although there are many jobs available, not all will provide the income needed to keep up with mortgage and other debt payments. As a result, some people have turned to filing for bankruptcy when their  … Read more

Today’s economy has left many people unemployed or without adequate income to sustain their debt payments. Although financial hardships may warrant filing for bankruptcy, there are some other ways to resolve your debts without the need for court intervention. Dealing With Debts One avenue of debt relief that often goes unnoticed is debt negotiation. In  … Read more

When learning about the Chapter 13 bankruptcy process, the debtor’s plan takes center stage. As the main plan for resolving debts, the debtor’s plan is developed to outline the specifics about which creditors will be repaid and how much the bankruptcy filer will be required to pay each month. In order to develop this plan,  … Read more

After months of negotiations in bankruptcy court, the LA Dodgers Chapter 11 case was supposed to come to a close last week. A decision was originally expected by April 6th, but was pushed to 27th after additional bids on the team were being considered.  As team fans and players wait patiently for the sale, further  … Read more

One of the biggest criticisms over the foreclosure crisis has been the inability for many homeowners to receive help when they applied for it long before their home ended up in foreclosure. Stubborn lending practices and under qualified borrowers clashed to create one of the biggest real estate disasters in history. Now, there are many  … Read more