Latest on the Bankruptcy Blog

Shopping, whether for grocery essentials or for pleasure, can be one of the hardest areas of money management for most Americans to keep under control.  Bad shopping practices and mismanagement of money is one cause of bankruptcy in America.  However, shopping doesn’t have to be an activity that is automatically hazardous to your financial health.   … Read more

If you are drowning in tax debt, and payback is not a realistic option, you might qualify for the Internal Revenue Service’s Offer-in-Compromise (OIC) Program.  This debt negotiation program is the only way to settle tax debt for less than what you actually owe.  By no means is this the only way to get out  … Read more

Facing foreclosure is one of the most difficult challenges many Americans will face.  There’s no easy way to go through foreclosure or bankruptcy of any kind.  However, there are some options available to you that may help you avoid foreclosure on your home.  The longer you can avoid having to hire a bankruptcy as your  … Read more

For many people in 2012, carrying anywhere from a little to a lot of credit debt is accepted as a completely normal way of life.  While there are worse habits out there, carrying credit debt is one you absolutely should take care to avoid as part of good money management skills.  Credit debt can be  … Read more

Paying off student loan debt as quickly as possible is more important than most new graduates realize.  Having student loan debt on your shoulders not only adds stress to life, but interest begins to accumulate, meaning you will end up paying more money in the long haul.  As students around you are filing for bankruptcy,  … Read more

While no one wants to be on the losing end of all the short sales going on in the real estate markets throughout the country, many people are jumping at the opportunity to be on the purchasing end.  Short sales can be great opportunities for you to be a buyer.  Banks are anxious to get  … Read more

Those filing for bankruptcy soon that do not plan to keep their house should anticipate renting for a few years.  Especially since the housing market has taken a dive, lenders have cracked down on mortgages.  While there is still a niche market for high risk borrowers that make it possible to secure a home loan  … Read more

If you are finding yourself bogged down in tax debt, and are beginning to consider what debt negotiation options are available to you as you deal with the IRS, you need to know about the IRS new expansions in the “Fresh Start” initiative.  According to a recent press release, the initiative will “help struggling taxpayers  … Read more

Perhaps you have the credit card company harassing you on every front.  If you’re in this unpleasant situation, and have at least some funds to start cutting back on your credit card debt, you could benefit from adding the skill of credit negotiations to your money management resume.  Credit negotiation is a key part to  … Read more

When it comes to tax debt, getting the proper relief can be challenging, but doable.  Keep your focus on doing whatever it takes to avoid filing for bankruptcy when at possible.  This post will offer some suggestions on how you can deal with tax debt while staying afloat. 3 Ways to Face Tax Debt: Before  … Read more