Latest on the Bankruptcy Blog

If you or someone close to you has been ill, the medical bills can pile up fast, particularly if you are uninsured.  With the astronomical costs of healthcare, many people find themselves wondering how they’re going to pay the bills and even consider bankruptcy. Medical debt can accumulate very quickly.  Even one day in the  … Read more

There’s a lot of talk in today’s financial circles about homeowners refinancing their homes and undergoing other kinds of mortgage modification processes.  The terms can be complicated and confusing for many.  Many homeowners find themselves asking if refinancing or mortgage modification is right for them.  Let’s cover some ground about what these phrases mean, and  … Read more

If you or someone you know has been struggling with debt, a credit counselor could be the answer you are looking for.  Finding the right credit counselor now could mean avoiding having to find a bankruptcy attorney later on down the road. 3 Steps to Finding Credit Counseling Check with the listings on the National  … Read more

When it comes to tax debt, you have several avenues of recourse the IRS makes available to you as a debtor.  Debt negotiation is never pleasant, and bankruptcy is almost exclusively the only option that will result in complete absolution.  However you go about clearing your tax debt, prepare for some difficulties.  One option that  … Read more

Foreclosure is a very real and very scary word bouncing around news outlets today.  As a mortgage holder, you want to practice good money management practices to avoid foreclosure on your home at all costs.  Protecting your family by giving them a home to call your own is probably at the top of your priority  … Read more

As the modern Greek financial drama unfolds before the world’s eyes, many Americans are viewing the economic situation with rather passive alarm.  What should be extraordinary and shocking receives little conversational attention in most circles.  Though the credit crisis in Greece has largely to do with government and major financial institutions, there are several lessons  … Read more

You may be surprised to know that some of the loans you currently hold could be good candidates to consider for loan modification.  Loan modification occurs when both the lender and the individual receiving the loan agree to modify the terms of the loan.  If you are currently paying back a loan to a bank  … Read more

Students or prospective students often want to know if they can still secure student loans after filing for bankruptcy. Student loans are guaranteed loans. This means that the U.S. government has promised lenders that the money they lend to students will be paid back.  Because of this, an applicant’s credit rating has no bearing on  … Read more

When it comes to foreclosures, the market is full of them.  Knowing how to buy a house that has been foreclosed on can mean getting a great deal on a home you wouldn’t otherwise be able to afford.  Because foreclosures are sitting on the bank’s hands, the bank wants to get read of these properties  … Read more

Distraught homeowners often do not know or understand their rights during the foreclosure process.  Many assume that once a lender initiates the foreclosure process, they must either bring the payments current or lose their home.  Many do not consider their rights as home owners as leverage for slowing or even stopping the foreclosure process altogether.  … Read more