Latest on the Bankruptcy Blog

It has been a full year since American Airlines filed for Chapter 11 bankruptcy. Since the beginning we knew it wasn’t going to be easy and many sacrifices would be made. So how far have they come over the last year? And is a happy ending in sight? A Review American Airlines has made some  … Read more

Many stories have circulated this week about the finalization of the Hostess bankruptcy case and many others, in order to keep you up to date here is this week’s headlines in bankruptcy news: College’s Bankruptcy Lawyers Target Endowment Money The Daily Docket: Union Wants Hostess to Relinquish Control of Bankruptcy The Daily Docket: AMR Looks  … Read more

The housing market is in a unique position these days. For sellers, times can be tough as many foreclosures and short sales are available, bringing down home prices. For buyers and investors, now is a great time to potentially get a good deal. But, is buying a short sale really worth it? A Great Deal?  … Read more

The bankruptcy process is highly controlled for many reasons, one of which is to help protect your privacy and information. Although your bankruptcy filing is legally accessible through public record, there really is only one threat to your privacy: identify theft. But before you get concerned, it is important to know that identity theft is  … Read more

These days just about everyone has some level of credit debt. While credit debt can be a good thing, there is a fine line between credit boosting debt and credit destroying debt. The one thing about all credit debt is that it is negotiable, and you don’t even have to be suffering a financial hardship  … Read more

Defaulting on a debt payment is not a position anyone wants to be in, especially if you have property on the line. Missing a car payment can lead to repossession much faster than you might expect. Luckily, you do have some steps that can help you keep your property. Hitting The Brakes Having a car  … Read more

As part of the National Mortgage Debt Relief settlement, 5 banks have been busy fulfilling their obligations to affected homeowners. In California alone, nearly $9 billion has already been shelled out to make an impact on a struggling housing market. Interestingly, one particular type of mortgage debt relief is dominating in California. Saving  Sales California  … Read more

The bankruptcy process is quite helpful for many people dealing with financial hardship. Designed to provide relief for many types of debt, there are some specifics you should know about your debts and how they could be managed in bankruptcy. Types Of Debt The most common source of debt in bankruptcy is unsecured debt. These  … Read more

Anyone filing for bankruptcy knows that the process can be tricky. Depending on which type of bankruptcy case you file, your case can take anywhere between 6 months and 5 years. While there isn’t much you can do about the overall length of your case, you can speed up your filing time to get on  … Read more

This year is a tough financial year for many of us, but with the holidays approaching we may be tempted into bad spending habits. Just because the time to gather and exchange gifts is coming, doesn’t mean you have to blow your budget. Avoid credit debt this holiday season by following a few simple strategies:  … Read more