Latest on the Bankruptcy Blog

After a rough few years with the foreclosure crisis and overwhelming debt troubles experienced by so many Americans, a new report suggests that consumer confidence is rising. In fact, the outlook for the U.S. economy is improving, especially in the areas of retail and real estate. Thoughts Lead To Action Although not too much has  … Read more

If you are considering filing for bankruptcy, it is important that you know a little bit about the process before you begin. When it comes to knowing who is involved in your case, it can get a little tricky. Here is a quick explanation of the key people involved in your Fort Worth bankruptcy case:  … Read more

Debt relief is something many of us have needed, or will need in the future. While we can’t always avoid problems with financial hardship, we can control how we bounce back after debt problems. Whether you end up “settling” your debts or repaying them through a negotiated agreement, chances are you are going to need  … Read more

Having a car repossessed is a stressful experience, especially if you have no other means of transportation. Dealing with financial hardship can put pressure on your ability to maintain a car payment, but missing a payment could lead to repossession. So what do you do? Keys To A Solution First, understand that your debts are  … Read more

After filing for Chapter 11 back in May, private business-jet maker Hawker Beechcraft has been continuing to suffer sales. Now, the company is looking at reorganizing into a stand-alone company as they make their way out of bankruptcy. Low Flying Profits Hawker Beechcraft was once a well known name in luxury jets for businessmen and  … Read more

The original Home Affordable Refinancing Program (HARP) was intended to help homeowners struggling with mortgage debt refinance their home, before the risk of foreclosure sets in. While it was able to reach some, the early numbers were disappointing at best. However, the revised HARP 2.0 program is, so far, looking to be doing a much  … Read more

If you’ve ever dealt with mortgage debt you know just how stressful being at risk of foreclosure can be. Luckily, there are ways to avoid foreclosure, but not everyone is so lucky. While getting a new mortgage after a foreclosure isn’t impossible, it certainly is challenging. In fact, your better solution may be in bankruptcy,  … Read more

Many people dealing with mortgage debt are desperately trying to avoid foreclosure. Knowing that losing a home in foreclosure can result in credit problems down the road, the consequences can be worse than some expect. Credit Truths The reason that a foreclosure can damage your credit is simple; you borrowed a large sum of money  … Read more

Many people find the need to borrow after completing a bankruptcy case. In fact, borrowing is exactly what needs to be done to repair the damage from your prior negative payment histories. However, not all credit is good credit after a Dallas bankruptcy case, and it should be pursued with caution. Secured Credit Tips It  … Read more

The job market is quite stingy in today’s economy and many people have been laid off as a result. Unexpected unemployment is one of the worst financial situations a person or family can deal with. As bills begin to pile up, most people don’t have an adequate savings to sustain them for long. However, there  … Read more