Latest on the Bankruptcy Blog

Although not the most common reason, some people do end up in bankruptcy due to improper money management.  Of course, no one intends to file for bankruptcy when they start out their financial lives.  And, very few people are taking advantage of the bankruptcy system by filing.  The courts do a good job of filtering  … Read more

Ever since the popularity of credit arose in the 1920s, our culture has had a hard time staying out of debt.  And, the fact that entire industries are built around your debt makes it even harder to stay debt-free.  However, you can do it!  If you’re serious about avoiding debt, check out these 3 tips  … Read more

Though the state of California has seen many financial hardships over the last few years, its cities and municipalities seemed to be doing fine.  Now, however, doubts are arising about the financial security of California’s cities, too.  The city of Stockton, CA, with a population of around 300,000 recently filed for bankruptcy, making it the  … Read more

On Tuesday, June 26, the Case-Schiller indexes showed that home prices had a monthly increase for the first time in seven months.  However, despite this good news, there are more than 10 million homes and properties with underwater mortgages.  Foreclosure is still a very real option for many Americans. What to do? If you’re struggling  … Read more

Are you a resident in Texas?  Bankruptcy looking like it has a place in your future?  Is Chapter 13 – a form of reorganization – out of the question for you?  If so, you’re in the right place at the right time.  While no one wants to be in a financial situation that ends in  … Read more

If you’re suffering under credit debt, your primary focus should be paying it off as quickly as possible.  If, however, you’re in good credit shape, taking advantage of these credit tips can help you put money back in your pocket.  Responsible use of credit has many benefits.  If you aren’t taking advantage of these tips,  … Read more

Many bankruptcy cases also have a considerable amount of tax debt attached to them.  But, the bankruptcy courts can’t discharge federal tax debt.  In fact, no bankruptcy courts can.  If you owe money to the IRS… then you owe money to the IRS.  There’s no way around that one.  However, that doesn’t mean that you’re  … Read more

When it comes to hot-button topics like credit and bankruptcy, everyone has advice.  We offer plenty of our own advice here on our blog.  However, truth be told, after you read all of the articles, and weigh all of your options, at the end of the day, no one can tell you exactly what you  … Read more

If you have unpaid taxes, it might be tempting to procrastinate, and avoid addressing the situation until April.  However, it’s important to remember that debt negotiation with the IRS is different from all other kinds of debt negotiation.  It’s highly advised that you at least make an effort to address any unpaid taxes now rather  … Read more

For many residents of Texas, bankruptcy is looking like a good option for getting your head above water again.  If you’re suffering undue financial hardships, then bankruptcy is an option you can’t afford to miss out on.  When you go through the Texas bankruptcy process, you’ll get the relief you need to start living again.   … Read more