Latest on the Bankruptcy Blog

Obviously, we’re big believers in sharing our knowledge via this blog with people who are in need of help.  And, while Internet research is great, there are some questions that only your bankruptcy attorney will be able to answer.  The bankruptcy process is not a cut and dry process.  Factors about you and your individual  … Read more

On Monday, July 9, the Associated Press reported that fixed mortgage rates have fallen to an all-time low.  This is great news for homebuyers in the U.S.; suggesting increased confidence and better deals than ever before available.  Whether you’re looking to take on a mortgage or whether you’re suffering under mortgage debt, this news should  … Read more

That’s right.  You can file for bankruptcy, and still hold onto your possessions.  Even with Chapter 7, a form of liquidation bankruptcy, it’s possible to keep many essential assets, and quite a few non-essential ones.  However, Chapter 13 – a form of restructuring – is one of the best ways to file for bankruptcy, and  … Read more

The American Bankruptcy Institute and Epiq Systems have just released a report detailing the number of bankruptcy cases for the first half of 2012.  And the results are good, suggesting an economy that is stabilizing.  The combined filings of individuals and businesses have dropped by 14%, settling at the lowest level since 2007. Filing for  … Read more

The first two parts of this blog series in Dealing With Foreclosure focused on preventative action, as well as advice on entering the mid-stage of foreclosure.  If you are unable to find any solutions for avoiding foreclosure, and you have even sought out Foreclosure Counseling services, then it might be time to start thinking about  … Read more

Next to medical debt, tax debt is a debt we really despise.  The reason that tax debt is so despicable is that most people who have tax debt didn’t even know about it!  After all, you do your best to file your taxes correctly and then you find out that you (or your CPA) missed  … Read more

We’ve found that there are an amazing number of people out there who are suffering under debt they know they’ll never be able to repay, yet they never truly consider filing for bankruptcy as a way out of their situation.  If you’re one of those people, it’s time to start thinking about bankruptcy, particularly Chapter  … Read more

In the first part of this blog series, we stressed the importance of maintaining strong, open lines of communication between you and your mortgage holder.  Clear communication greatly increases your chance of delaying foreclosure until you can gain control of your financial situation.  However, even if you don’t think you’ll ever be able to come  … Read more

Hopefully, you’ll only go through bankruptcy once.  And, when you do something once, it makes sense that you do it well, right?  One of the fundamentals of “bankruptcy basics” is this simple lesson: hire the right bankruptcy lawyer.  Because we know the industry inside and out, we know that there are more than just a  … Read more

The financial world often seems to be quite polarized over the subject of credit cards.  While some financial professionals will tell you to avoid all cards at all costs, others will encourage you to take advantage of all the credit cards you can.  Like most people, we tend to think that somewhere between those two  … Read more