Latest on the Bankruptcy Blog

Since the Hostess bankruptcy filing earlier this year, there has been much debate as to the source of their repeated financial problems. Blaming union obligations for their overburdened debt load, company officials have been developing a proposal in hopes of resolving some of its multimillion dollars in debt. History Repeating? This week Hostess will present  … Read more

Filing for bankruptcy is a purposeful process, one that takes both time and effort. With so many details and requirements, debtors often find that they feel unprepared. Knowing a little bit about the process can help eliminate the unnecessary and make the process as smooth as possible. The Petition The first step in filing for  … Read more

Foreclosures are saturating the real estate market. While many people avoid them, there are some great deals to be gained for buyers. However, buying a foreclosure should be considered with caution and efforts taken to avoid some of the more common pitfalls. Proceed With Caution The most important aspect for buyers of a foreclosed property  … Read more

These days there isn’t much you can’t find on the internet, including one’s personal and some basic financial information. The lack of privacy around the internet is astounding and many companies are now using social media sites as tools for debt collection. Shame Tactics A video store in Harnett County, North Carolina has taken a  … Read more

Filing for bankruptcy is not an easy decision for most people. Besides having misconceptions about the process and their futures, many people simply don’t want to admit they need help. However, a smart money manager knows the signs of financial trouble and recognizes when action is needed. Helping Yourself There is nothing wrong with needing  … Read more

Now that some of the dust has settled after the mortgage settlement, lenders are required to make some important changes to the way they do business. Having been developed in light of the recent unlawful foreclosure episode, lenders will be held more accountable for their actions and be under much more scrutiny than ever before.  … Read more

The employees of American Airlines have been waiting in limbo for months to see what their future holds. After talks of severe pension and benefit cuts circulated the rumor mill, employee unions have gone on the initiative in attempt to save their hard earned payouts. Speaking Up American Airlines employees certainly have suffered the brunt  … Read more

Buying a home is one of the biggest decisions you will make in your financial life. Mortgage loans aren’t always favorable, especially if you have had trouble with debt in the past. You may have heard that getting a mortgage after bankruptcy  is impossible, but the truth is that anyone can qualify for a home  … Read more

Credit counseling isn’t just for those filing for bankruptcy, it is open to anyone looking for information on how to resolve debt, manage their finances or learn tricks for improving credit scores. While many credit counseling agencies operate around the country, not all are created equal. In order to ensure you have the best credit  … Read more

It might seem like budgeting and your credit have nothing in common, but they do. In fact budgeting and smart money management is a key factor in having good credit.  Here is why: A Give And Take Relationship Credit is tricky business and even the smallest mistake can take a devastating toll on your credit  … Read more