Latest on the Bankruptcy Blog

It seems like foreclosure has been in the news headlines for five years running now.  And, while things are starting to get better, the truth is that many families still continue to struggle with foreclosure.  Of course, there are many factors related as to why people’s homes are foreclosed on, but ultimately it comes down  … Read more

When you file for bankruptcy, you shouldn’t have to worry about losing everything you own.  In fact, you might be surprised to learn how many items you can keep!  All kinds of things are covered under laws regarding bankruptcy exemptions.  It’s up to you and your lawyer to figure out what you can claim as  … Read more

Different strokes for different folks.  The phrase applies to many situations, but it’s especially apt for debt management strategies.  Money is a sensitive issue for nearly everyone.  Whether you feel on top of the world with a good income and no debt, or whether you’re swamped with bills you can’t pay and are barely making  … Read more

You might think that the connection between money management skills and bankruptcy is fairly obvious.  However, it actually goes deeper than you think.  Sometimes, money management skills aren’t just about preparation, but also about recovery.  Good money management skills can oftentimes prevent bankruptcy, of course.  Take budgeting, saving, and responsible credit usage as examples of  … Read more

Here’s a classic scenario for you: you’re living from paycheck to paycheck with no savings and very little in your checking account when suddenly you become too sick to work for a week, and your next paycheck is only half of what you need to live on.  In order to make up the difference, you  … Read more

When it comes to the world of bankruptcy, the terms, rules, and regulations can be overwhelming for someone without a financial background.  Part of the aim of our blog is to break down the walls of the bankruptcy world and provide you with tips, advice, and explanations that demystify bankruptcy.  Today, we’d like to direct  … Read more

If you find yourself facing foreclosure, and it seems impossible to find any way out, the best thing you can do for yourself during this time is to be financially prepared.  If you are financially prepared, you might actually find foreclosure to be a relieving experience.  No longer will you have to deal with an  … Read more

Of all the different types of debt, medical debt is one that we really hate.  It can impose serious financial hardships on individuals, and there’s a lot of emotion attached to medical debt.  Doctors and hospitals have to charge so much these days to protect themselves against malpractice charges.  Plus, the insurance companies are driving  … Read more

Whether you’ve got your financial life all put together or whether you’re on the brink of filing for bankruptcy, you can benefit from credit counseling.  Yes, you.  Credit counseling is great for people who are struggling with credit, of course.  And, if you’re filing for bankruptcy, you’ll be required to go through credit counseling.  However,  … Read more

One of the biggest forces behind most Americans’ financial woes is debt.  However, it doesn’t have to be like that.  Avoiding debt isn’t as difficult as you might think it is.  Even with all of the expenses associated with life in 2012, you can probably reduce or eliminate your debt over the next couple of  … Read more