Latest on the Bankruptcy Blog

If you find yourself struggling to deal with current debts, you might be interested to learn about debt negotiation, and how it can help you get out of debt and turn your financial situation around!  Debt negotiation is a key part to understanding good money management.  While ideal money management practices would keep you out  … Read more

If you are facing medical bankruptcy, you are probably looking for other alternatives.  It goes without saying that bankruptcy is the absolute worst financial condition a person can be in, so instead of searching for a bankruptcy lawyer, you should consider medical debt settlement.  In some cases, medical debt settlement can be one alternative to  … Read more

When it comes to working your way through the mass of financial information and terms that’s thrown at you as a homeowner, you’ll probably find that good, clear definitions can be hard to come by.  With recent developments in government policies relating to short sales and foreclosure, many homeowners (especially those facing financial difficulties) find  … Read more

Several years ago, bankruptcy reform intended to deter those who abused the system to get out of paying off debt made the laws a bit murky for many people.  Since then, it has been somewhat difficult to separate bankruptcy fact from myth.  We’ve pulled together a few facts for clarification. Myths of Bankruptcy The first  … Read more

A lot of people wonder how soon after a foreclosure they can purchase a new home.  The answer can be very different for each homebuyer depending on circumstances.  For the most part, foreclosure is very similar to bankruptcy when it comes to being able to purchase another home.  The time to successfully find another lender  … Read more

When it comes to avoiding financial troubles at a time when the economy is on a down turn and bankruptcy rates are higher than ever, living frugally is an essential part of practicing proper money management skills.  There are a lot of steps you can take to practice proper money management through frugal living while  … Read more

There is a lot of information available about how to manage credit debt.  However, there is not quite as much about those things that we might not realize that affect our credit report.  If you consistently make on-time payments but still have a low credit rating, one of these could be the problem: Excessive inquiries.   … Read more

A lot of people frequently want to know the difference between credit counseling and bankruptcy.  Chapter 7 and Chapter 11 bankruptcies are both essentially court-moderated repayment plans.  Credit counseling, likewise, is a way of reducing one’s debts and payments in order to make it possible for consumers to pay them off. The most obvious difference,  … Read more

One of the main culprits behind bankruptcy is mortgage debt.  Don’t let yourself become the holder behind one of these mortgages.  With the right precautions, you can get a mortgage that is reasonable and affordable and won’t add you to the growing list of bankruptcy filers.  Follow these steps to prepare yourself for securing a  … Read more

In American society, the concept of avoiding debt seems nearly impossible.  However, it’s possible.  Being a bit frugal and money-savvy can go a long way. Live within One’s Means Use a debit card when making purchases.  Debit cards are great because once the money is gone, one can no longer use the card.  It’s built-in  … Read more