Latest on the Bankruptcy Blog

The majority of Dallas bankruptcy cases are brought on through unavoidable financial hardships. Many hardworking people have suffered at the hands of the recession and failing housing market. While bankruptcy can provide the relief people need, it shouldn’t be the first option considered in the fight against debt. The Green Light Although debts are stressful  … Read more

Debt can be a stressful occurrence for anyone, but debt in marriage can be an entirely different matter. Money trouble is the number one reason for divorce in America and many people simply fail to address their financial problems until it is too late. However, money and debt can be better managed by following a  … Read more

There has bee some attention to the role marriage places when filing for bankruptcy, but that only covers how a married couple should proceed with the process. More specially, filing together or separately in marriage carries different risks and benefits. But, what about getting married during an active bankruptcy? Two Become One As a single  … Read more

No one ever sets out to end up in bankruptcy, but there are unforeseen circumstances that can lead to financial hardship. While bankruptcy can be a valuable tool for resolving debts, there are some rules in place to avoid abuse of the system; one of which is how often you can file. Needing More Help  … Read more

Five years ago buying a short sale was practically unheard of, but in today’s housing market they can be a hot deal. While most sellers and buyers are aware that short sales can be difficult, most people have no idea how to prepare for the process. Expecting The Unexpected There is no doubt that the  … Read more

Tough economic conditions have sent personal and business bankruptcy filings in an upward trend for the last few years. However, over the last few months reports show that both types of bankruptcies are decreasing to pre-recession levels. Good News Brings Hope Although bankruptcy is not to be looked at as a negative thing, the truth  … Read more

After the height of the foreclosure crisis left so many Americans devastated by the loss of their homes, the government stepped in to try and help prevent future foreclosure troubles. However, many people are now criticizing these moves stating their efforts are not reaching those in need. Mortgage Debt Mounting It is estimated that over  … Read more

In the last few months numerous California cities have filed for bankruptcy. As one of the states suffering the most with foreclosure and debt troubles, many municipalities have not been able to meet their financial obligations. This week, one of the nation’s top credit rating agencies, Moody’s, reported that more California municipal bankruptcies are expected  … Read more

If you have experienced a financial hardship and are working to resolve your debts in bankruptcy there are few things you should know about future credit. While bankruptcy doesn’t prevent you from getting new credit, you may find that doing so can be  more challenging. Know Your Place If you are currently in the Dallas  … Read more

When debts become overwhelming it can often feel as though your options have run out. While you might not think credit negotiation is feasible, it is often easier than you might think. In fact, you probably already have the tools needed to successfully lower your debts. Burden Of Proof The biggest obstacle most people face  … Read more