Latest on the Bankruptcy Blog

Famous for her IVF treatment and subsequent birth of eight babies, Nadya Suleman filed for bankruptcy earlier this month claiming financial insolvency. The mother to a total of 14 children has kept her in the spotlight for years, but has failed to effectively manager her money despite being paid millions for appearance deals in the  … Read more

Debt relief is something that many Americans are searching for in today’s economy. With personal debt burdens on the rise and the overall increase in bankruptcy filings over the last few years, scam artists have begun using technology to target unsuspecting consumers looking for help. The risks for consumers seeking legitimate debt relief help have  … Read more

It is estimated that 60 percent of homes in America are “underwater”, or hold mortgage loans that are more than what the home is worth. While having an underwater home is not a desired position to be in, it generally isn’t a problem unless payments are missed or the home becomes at risk of foreclosure.  … Read more

Now that mortgage interest rates have hit historic lows, the consumer interest in refinancing offers has peaked. Despite all the trouble with the foreclosure crisis, many homeowners are surviving and have yet to experience any threat by way of mortgage debt. As a result, more borrowers are becoming interested in refinancing as a solution to  … Read more

Bankruptcy fraud is serious business and the courts do not tread on the issue lightly. While it is possible to unknowingly commit bankruptcy fraud by hiding assets or concealing information about finances, there are plenty of cases that involve purposeful acts of crime. A South Texas man and his wife have been convicted and sentenced  … Read more

The Hostess brand snack cake maker filed for Chapter 11 bankruptcy earlier this year and has since been working towards debt reorganization. Earlier plans for managing their near $945 million debts were driven away from employees in efforts to disrupt operations. However, issues surrounding pension and union obligations have surfaced and are now jeopardizing the  … Read more

College students these days are facing more challenges in managing their debt burdens after graduation than ever before. Although student loan debt has become a 1 trillion industry, personal credit card debt among college graduates isn’t far behind. The trouble caused when students cannot afford to go to college are becoming devastating and leading to  … Read more

When filing for bankruptcy you may have heard about a Trustee who will be involved in your case. This refers to a person who is appointed to represent the collective interest of your creditors during your bankruptcy case. However, their job is a bit more complex and has some important aspects that are reflected in  … Read more

Obtaining a mortgage may seem like a scary thought in today’s market, but there are plenty of great deals to be found for the right buyer. With a stock of foreclosures and short sales on the market, getting a great house for cheap is more possible than ever before. However, there is much to be  … Read more

Distressed homeowners face tough challenges when foreclosure looms over their heads and lenders appear unwilling to negotiate. Unfortunately, many homeowners have ended up in mortgage debt trouble simply because they fear dealing with lenders and the risk of rejection. However, an online consumer education firm has released a new software program that can help homeowners  … Read more