Latest on the Bankruptcy Blog

We hear it all the time.  People are afraid they won’t be able to get credit after they have filed for bankruptcy.  While the issue of whether you should seek credit at that stage of your life remains open for debate, the fact is, you will be able to get it.  Just wait.  You’ll see  … Read more

For many homeowners today, the thought of foreclosure is one of the scariest possibilities.  Unfortunately, for many other homeowners that thought is already becoming a reality.  A recent report from RealtyTrac reveals that foreclosures accounted for 26% of all U.S. home sales during the first quarter of 2012.  This report – just released last week  … Read more

We hear it all the time: “I don’t want to get into credit debt, so I haven’t signed up for a credit card.”  We can’t stress enough how inaccurate this statement is.  If you are truly so irresponsible that you’re worried about racking up large amounts of credit debt with a credit card, then sure,  … Read more

The short answer to this popular question is, no, it cannot.  At least, it is very, very difficult to do so.  Student loan debt is a serious burden, as is becoming increasingly clear in today’s job economy and current U.S. laws do not allow for it to be discharged through bankruptcy.  Whether or not that  … Read more

One of the biggest bankruptcy myths that deserve attention is this one.  Many people seem to think that by filing for bankruptcy, they’ll lose everything they own and have to start from scratch.  This terrifying assumption can prevent many people from seeking the safe haven they need in the bankruptcy courts. The Truth While bankruptcy  … Read more

If you are an individual facing the harsh realities of bankruptcy, you want to prepare yourself for the oncoming tide.  Knowing the difference between the types of bankruptcy and being able to discriminate between their various attributes will make you better prepared for the process.  You might be wondering if Chapter 13 bankruptcy is right.  … Read more

Debt and foreclosure are not two words most people want to think about.  However, unforeseen circumstances can bring the power of these words home.  We want to help you in avoiding debt and foreclosure in your future.  That’s why we provide a wealth of resources both online on the blog and in our offices in  … Read more

In the first part of this blog, we went over some of the big mistakes many people make when applying for credit cards.  While the first series of mistakes focused on credit cards and credit scores, there are a few more issues we think you should be aware of.  Many people fail to take other  … Read more

If you are facing medical debt, you are in a situation that is quite unique when compared to other forms of debt.  With nearly every other form of debt, the debtor at least initiates the situation.  Examples include: mortgages, car loans, student loans, property taxes that are too high.  Nearly every form of debt at  … Read more

We hear it time and time again.  “I’m too embarrassed to file for bankruptcy.  I don’t know what my friends and family will say.”  As our services aim to educate clients about all aspects of bankruptcy, we try to help people understand that bankruptcy is not a cause for embarrassment.  Sadly, bankruptcy is familiar for  … Read more