Latest on the Bankruptcy Blog

Medical debt is becoming a problem for more and more Americans in today’s economy. With health care insurance coverage at its minimum, many people are uninsured or under-insured. When illness or injury strikes, even a minor trip to the emergency room can land you in thousands of dollars of debt. Luckily, medical debt is also  … Read more

A leading local news and information company, Journal Register Co., has found itself in the red once again. As a multi-platform news syndication  company, they provide content and advertising for local news outlets. After previous efforts failed to resolve their financial troubles, Journal Register is filing for bankruptcy to resolve its debts and regain profitability.  … Read more

Lenders are now offering short sales as a foreclosure alternative in today’s real estate market. While short sales can benefit both the distressed seller and the lender, they do come with some ill effects for others. Apples To Apples? One of the biggest issues short sales bring with them is their effect on neighborhoods. While  … Read more

For most people, the potential for loss of assets is a deterrent from entering the bankruptcy process. Luckily, there is very little actual threat in the way of asset liquidation in most bankruptcy cases. Why? The bankruptcy exemption laws allow for most of one’s personal property to be protected during debt resolution. Federal Or State  … Read more

Many Dallas bankruptcy cases arise due to overwhelming medical debts. As the cost of medical care rises, so does the rate of default. Although suffering an illness or injury requiring medical attention can’t be avoided, some of the charges on your bill may. Costly Errors Medical bills can be both confusing and stressful. In many  … Read more

Although tax season is well behind us, tax debt collection season is just gearing up. By now, the IRS has reviewed taxes thoroughly and is beginning to send out tax debt notices to taxpayers with liabilities. If you have received a notification of your tax debt liability, do not ignore it. Instead, follow a few  … Read more

San Bernardino is just one of California’s cities struggling with debt in a turbulent economy. Having filed for Chapter 11 bankruptcy early last month, the city recently made some important decisions in their debt restructuring efforts. All In Favor? Last week, city officials met late into the night discussing possible solutions for their debts troubles.  … Read more

Earlier this year five of the biggest mortgage lenders in the nation were ordered to pay out $25 billion for mortgage relief efforts. Now that we are four months into the three year program, people want to know how they are doing. Making Progress? So far the five biggest lenders have provided $10.6 billion in  … Read more

College semesters are starting around the country this week and students are flooding into classrooms. While most students have a list of worries ahead of them, one thing isn’t on their minds: student loan debt payments. Since debts do not need to be repaid until after graduation, most students put it out of their minds  … Read more

You  might not suspect that investment properties have troubles with mortgage debt or foreclosure, but there are plenty of cases where this is true. A sinking housing market and challenging economic times can lead even the most savvy investor into financial troubles. When an investment property becomes part of a Dallas bankruptcy case, both the  … Read more