Latest on the Bankruptcy Blog

This is a statement we’ve heard time and time again.  If you have serious debts that you’re struggling with, but think that they can be paid off if you just had enough time and restructuring, then Chapter 13 might be right for you.  It’s worth mentioning a few details about Chapter 13, and why this  … Read more

Two words you never want to hear together: credit and scam.  But, in a down economy, scam artists are taking advantage of consumers with bad credit scores more often than ever before.  If you receive an offer about credit repair, be very careful.  No one – no one – can alter your credit history legally.   … Read more

For many homeowners, bankruptcy can be an alarming prospect.  But, for homeowners who are facing foreclosure, bankruptcy can be a great opportunity.  What’s the connection?  It’s simple.  If you’re struggling to make ends meet with your mortgage, you can’t afford not to know about the relationship between Chapter 13 and foreclosure. Clue Me In! Here’s  … Read more

Many people are under the impression that just because they have credit debt or a bad credit score they can’t get a new card.  However, nothing could be more untrue.  Applying for credit isn’t only an option available to people with good credit scores.  You, too, can be applying for credit, no matter what your  … Read more

If you’re an individual considering bankruptcy, you’re probably thinking about filing for Chapter 13 or Chapter 7.  Chapter 13 is a great option for those who have a stable income, would like to retain their assets, and consider their debt to be manageable with the right restructuring.  However, for those who have no income and/or  … Read more

This is one of those questions that gets the answer, “If you have to ask, then yes.”  A secured credit card is a terrific option for people who are concerned about facing bankruptcy in their future, as well as for people who have recently gone through the bankruptcy process. What Is a Secured Credit Card?  … Read more

If you are facing foreclosure, it can be easy to feel disheartened.  However, your chances of overcoming foreclosure greatly increase when you approach the issue with a can-do attitude.  Part of this attitude means taking on money management habits like you never have before.  You might be impressed by how effective you and your family  … Read more

If you are recovering from bankruptcy, you might be surprised to hear any suggestions relating to loans.  However, the financial world can be an odd place.  If you’ve gone through the bankruptcy process, you know this as well as anyone.  So, don’t be surprised by this little piece of advice… taking on small loans after  … Read more

If you’re filing for bankruptcy, chances are it’s because of medical debt.  For the last few years, various studies have attributed medical debt to more than 60% of bankruptcy filings!  That number is flooring!  However, change is slow – especially in the medical industry, and that figure is showing no signs of decreasing.  For those  … Read more

For homeowners struggling to stay on top of their mortgage, foreclosure is an alarming prospect.  However, the Home Affordable Foreclosures Alternative (HAFA) Program has alleviated a lot of the alarm many homeowners have felt.  The program helps homeowners avoid foreclosure in the event that they are unable to secure any kind of successful loan modification  … Read more