Latest on the Bankruptcy Blog

The start of the school year is just weeks away! Unfortunately, the costs associated with getting your kids ready to start a new year can be debt inducing. However, back-to-school shopping doesn’t have to break the bank or leave you in credit debt. Following a few a simple tips can ease you and your kids  … Read more

Gabby Douglas has won two gold medals on behalf of the United States in the 2012 Olympic games. While she has been working to win her athletic competition, her mom has been working hard to win the fight against financial hardship and the threat of foreclosure. Fighting To Win Debt is an all consuming problem,  … Read more

Debt is a common occurrence among most Americans. In today’s economy, our personal debt burden is growing at a much faster rate than in years past. As we grow closer to unmanageable debt burdens, many fiscally responsible families are finding themselves in need of bankruptcy protection more than ever before. Slippery Slope One of the  … Read more

Many of us are carrying a hefty debt burden. Even if your debts haven’t become problematic, most of us would quickly suffer if financial hardship strikes. Unfortunately, many people wait until trouble strikes before taking action against their debts. If you haven’t already made a plan to get out of debt, you may want to  … Read more

Former Texas Ranger Jose Canseco filed for bankruptcy protection in Nevada this week. Once one of the most sought after Major League Baseball players, Canseco has found himself in financial trouble; reportedly owing the IRS half a million dollars. Strike Out Jose Canseco held the 1986 Rookie of the Year and 1988 MVP titles in  … Read more

It might seem odd that someone would file for bankruptcy and then request to have their case dismissed before receiving help with their debts, but it does happen. In fact, a voluntary dismissal can be a good thing for those who may find themselves able to pay their debts on their own or no longer  … Read more

Lon Morris College is the oldest junior college in Texas. Offering core curriculum classes in many subject areas, the college now faces the threat of closing its doors to some 350 local students. However, efforts are being made to save its educational operations by resolving its debts in Texas bankruptcy court. Learning A Lesson In  … Read more

While many of us are off playing in the sun, some families are facing tough times fighting off foreclosure through short sales. A recent review of real estate statistics predicts that short sales may peak to all time highs this summer, particularly in harder hit areas like Nevada, California and Florida. Seasonal Spike One reason  … Read more

For quite some time there have been talks of the United State Postal Service filing for bankruptcy. As the longest running agency in U.S. history, the postal service was once one of most desired employers with their generous benefit and pension programs. However, as technology advances and the economy waivers, the USPS has struggled to  … Read more

The Home Affordable Refinance Program was designed to help homeowners avoid foreclosure and find a solution to their mortgage debt problems. While the program has gained quite a bit of popularity in recent months, it is important to point out that not all mortgages are eligible to receive help. Qualifications HARP was not designed for  … Read more