Latest on the Bankruptcy Blog

Today’s home prices are a far cry from what they were just a few short years ago. A foreclosure saturated market and increase in short sales has brought the average home price down in many markets. However, some previously distressed markets are beginning to report an increase in home values. Hope Street A recent report  … Read more

Many people are afraid of the bankruptcy process for lots of unjustified reasons. While much of what people assume about bankruptcy is false, the truth is that the small price of filing for bankruptcy is worth more in the freedom from debt you will receive. You Get What You Pay For You may be wondering  … Read more

In some states, school starts as early as next week. Many stores are gearing up for a big sales weekend as parents take their kids back-to-school shopping for clothes and school supplies. Luckily, many states offer a “tax-free weekend” to help ease the financial burden of this popular time for retail stores. However, not everyone  … Read more

Three California cities have filed for municipal bankruptcy in the last several weeks. With economic concerns strengthening in areas like California, it seems that even city governments aren’t immune from financial hardship. While debt restructuring efforts through bankruptcy are a good thing, not everyone is protected from ill effects of the debt negotiation process. Stalled  … Read more

Once again we are revisiting the issues of mortgage debt, but not just in terms of the risk of foreclosure. Mortgage debt can sneak up on anyone, especially those buying a home. Not only are some states more costly in terms of closing, but they risk of foreclosure is higher in markets where getting little  … Read more

Wage garnishment is an unpleasant process, often because you don’t see it coming. While having your wages garnished is not usually the first line of debt collection, creditors may implement the order without your knowledge. However, there are ways to stop your wages from being garnished. It’s My Money Wage garnishment is a court order  … Read more

If you have recently completed your bankruptcy case, congratulations. You have taken an important step to resolving your financial troubles. While not everyone will need bankruptcy to get back on track, it certainly can be a valuable tool. However, your work is not finished yet. Starting Fresh The first thing you should do is look  … Read more

It seems like every week something new is revealed about the current housing market. Some experts suggest that we are headed towards a recovery, while others aren’t as optimistic. So what can we expect for the remaining half of this year? The Ups and Downs Unfortunately, we don’t have a crystal ball so no one  … Read more

As if American Airlines hasn’t faced enough turmoil over the last 9 months in their Texas bankruptcy case, the Federal Aviation Administration is seeking to add fines to the list of owed debts. The parent company, AMR Corp., could be facing an additional $162 million in fines if the FAA has its way. Costly Violations  … Read more

In just a few short weeks, students will be filling the classrooms. The start of the school year comes with the need for school supplies, new clothes, items for extracurricular activities and the costs of eating lunch at school. For many families, this time of year can be costly and some even end up further  … Read more