Latest on the Bankruptcy Blog

Dealing with financial hardship is stressful enough, but when your house gets put on the line it can make things worse. Foreclosure is a serious matter that must be taken care of right away if you want to keep your house. Depending on your state of residence the foreclosure process can be completed within 30  … Read more

One thing the real estate industry has been lacking in recent years is buyers. Although technically considered a “buyers market”, the interest in mortgages has been quite low since the foreclosure crisis struck a few years ago. Now that efforts have been made towards reducing foreclosures and improving the loan modification process, more homeowners aren’t  … Read more

While no one is bold enough to say that our economy today is headed for a complete reform or that we are performing well by any standards, there are some signs that things have improved and continue to look up in the near future. Although things could be much worse, there is still one major  … Read more

Many people are suffering with overwhelming debts and looking for a way out. While there is something to be said for filing bankruptcy, it doesn’t have to be the first option to consider. Debt negotiations and debt settlement are two options that anyone can review, weighing the pros and cons of each. Negotiations If you  … Read more

Did you know that not all debt is bad debt? In fact, there is a level of debt that is actually financially healthy and beneficial to you. The trouble is that people cross the line and end up with more debt than they can afford to repay, leading to an unhealthy level of debt. Too  … Read more

The last few years have been quite rough on homeowners, lenders and the overall housing market. Now that the foreclosure crisis has begun to slow down, many have begun to experience some hope for industry recovery. Further reports this week bring good news as the rate of mortgage delinquencies are now the lowest they have  … Read more

The American Airlines bankruptcy case has been anything but quiet. As controversial moves continue to spark outcries from both consumers and employees, many are anxiously awaiting the decision of the judge presiding over the case. Last week, American Airlines had their chance to plead their case in court and this week the employees and unions  … Read more

Debt isn’t always a bad thing, but it can become problematic if not monitored or repaid in a timely manner. The trouble with debt is that many people don’t recognize the problem until it begins to put pressure on their financial situation. Knowing when debt is out of control and when help is needed is  … Read more

Although most debtors assume they want complete debt elimination from a Chapter 7 case, there is much to be gained by filing for Chapter 13 instead. The problem most people see with Chapter 13 is the repayment requirement, often an issue that can of value rather than hardship. Getting to understand the Chapter 13 process  … Read more

Foreclosure, the “F” word is every homeowners nightmare. Falling behind on payments can happen quickly when economic pressure arises and financial hardship strikes, leaving your home vulnerable to the hands of the bank. Even worse is that, depending on your state of residence, you could have less than 30 days notification of your impending foreclosure.  … Read more