Latest on the Bankruptcy Blog

Don’t give in.  We repeat: don’t give in.  No matter how much you love that aunt, daughter, best friend, or your parents, you should never cosign on any of their loans.  We have yet to hear a story about a positive cosigning experience. What’s the Big Deal? When you cosign loans, you assume responsibility for  … Read more

We’ve spent a lot of time on our blog discussing various strategies and techniques for handing IRS tax debt.  However, state tax debt can be a big struggle for many Americans all over the 50 states.  If you’re struggling with tax debt owed to your state, there are a few things you should know about  … Read more

If you’re about to embark upon the road to bankruptcy, congratulations!  Really, we mean it.  Of course, no one wants to file, but if serious debt relief is what you need, then there truly is nothing better than the bankruptcy process.  As you prepare to file, there’s one major piece of advice we can’t stress  … Read more

If you or someone close to you has ever filed for bankruptcy, you know that credit counseling is always a part of that process.  No matter what state you file in, regardless of whether your case proceeds by state or federal regulations, you will undergo credit counseling when you file for bankruptcy.  But, even if  … Read more

For aspiring law school students, hopes and dreams can be quickly deflated by the massive student loan debt figures associated with tuition costs.  Tack on books, living expenses, and extra fees for being a student and graduating (because that’s not included!), and the student loan debt concerns start to turn into bankruptcy concerns.  However, you  … Read more

One of the most important debt cautions we can offer our readers is the importance of not settling for debt negotiation plans that don’t offer you the relief you really need.  For people who are struggling with debt, but consider repayment to be a feasible option, debt negotiation can be a great way to get  … Read more

Oftentimes, we hear from prospective clients who are struggling with their finances, but feel like they don’t qualify to file for bankruptcy.  Knowing when it’s time for a person to file is a critical part of a bankruptcy lawyer’s job.  After all, we want everyone to experience debt relief, but there’s no sense in taking  … Read more

If you’ve been receiving some letters about foreclosure from your mortgagee, you might be feeling overwhelmed as if you have no other options.  You should know that you have foreclosure alternatives.  While mortgage debt can feel quite oppressive, you should know that foreclosure isn’t the only way to get rid of your mortgage debt.  In  … Read more

While the bankruptcy process is immensely rewarding and offers an incredible sense of debt relief, it does cost some money.  Nothing in life is ever free – not even bankruptcy.  However, the legal and court fees associated with the process will be some of the best money you ever spend.  After all, by the time  … Read more

Did you know that disagreement about money management techniques is one of the leading causes of divorce?  Bankruptcy may be just what you need to save your marriage if you’re facing serious financial issues.  After all, bankruptcy exists for those who are struggling to pay their debts.  If you and your spouse can’t pay your  … Read more