Latest on the Bankruptcy Blog

When it comes to debt negotiation, many people think they only have the option of working with credit card companies.  However, even the IRS is willing to go through debt negotiation with you!  Just like any other creditor, the IRS would prefer to get something rather than nothing.  And, if you show good faith in  … Read more

If you are facing the threat of bankruptcy, you want to know everything you can about the process.  You probably have a lot of questions in this frightening stage.  Which type of bankruptcy should I file?  How do I know what is most beneficial for me?  Asking these questions now, in preparation, demonstrates maturity.  When  … Read more

If you are concerned about having to file bankruptcy in the near future, you probably want to know what options are available to you, and which one is best for you.  While bankruptcy is always an unpleasant experience, having the right knowledge can relieve some of the stress and worry associated with this process. Chapter  … Read more

Applying for credit can be a great experience for many people.  You get to build a credit score, establish your name as a responsible borrower and spender, and eventually you start to get rewards: cash back, frequent flyer miles, discounts on gas!  Great, right?  If you are thinking about applying for credit, there are two  … Read more

If you are facing what seems like an overwhelming amount of tax debt, a partial payment installment agreement may be just what you need to help you in debt negotiation with the IRS.  A partial payment installment agreement can help you get out of tax debt quicker than you might expect.  And, you might not  … Read more

Many people want to know how long they have to wait before re-applying for credit after bankruptcy.  While one can apply for credit as soon as their bankruptcy has been discharged, most creditors will not approve applicants with a recent bankruptcy on their credit report for a line of credit.  Some even include clauses in  … Read more

If you find yourself struggling with mortgage debt, you might find that employing some new money management skills can help pull you up out of your debt situation and help you avoid this debt in the future. Avoiding Mortgage Debt The first word of advice for avoiding mortgage debt is an obvious one: make your  … Read more

For an increasing number of people, bankruptcy is becoming more real than ever before.  With unemployment up, the housing market suffering, and the stock market faltering for the last decade, bankruptcy has popped up on the radar of upper-middle class families, many of whom thought they would never have to even consider such dire financial  … Read more

If you believe you can benefit from refinancing your mortgage, you probably have questions about how to get the process started.  First off, make sure you will benefit from refinancing and not just a mortgage modification.  The two options offer pros and cons to mortgage holders and lenders alike.  If refinancing is indeed the way  … Read more

People contemplate bankruptcy for different reasons.  For some, their financial circumstances are dire all around.  However, for others, bankruptcy is a solution to specific debt that is insurmountable.  When this is the case, a major question for a lot of people is whether or not they must include all of their debt in bankruptcy or  … Read more