Latest on the Bankruptcy Blog

Retail store credit cards are becoming increasingly popular these days, as they offer bonus coupons and reward points for use. Consumers find such offers enticing, especially for stores they frequent often. But, are these reward points and bonus coupons really worth it? Designer Debt For the average consumer, having at least one retail credit card  … Read more

Filing for bankruptcy requires some time and patience. There are several “hoops” to jump through from qualifying to completion, all of which is guided by some very specific rules.  One of the first of these hoops is the means test in Chapter 7 bankruptcies. Determining Eligibility When filing for Chapter 7 bankruptcy, you will be  … Read more

Mortgage loans come in many forms from conventional to FHA and VA loans. Each has their own set of eligibility standards and benefits, and each has their own drawbacks. When it comes to mortgage debt problems, the type of loan you carry could be the difference in finding help to avoid foreclosure. Detailed Differences A  … Read more

Although Texas is one of the lesser affected areas by the foreclosure crisis, there are still many families who have faced this undesirable process. Thankfully the bankruptcy process can help, but there is still much to know about proper foreclosure defense. Time Is Of The Essence If you have yet to be notified about the  … Read more

The bankruptcy process is one that can help resolve debts and protect homes from foreclosure from the average citizen to the rich. While you may think that many Hollywood stars are living the life of luxury, the truth is that even the famous have their share of debt troubles. Debt Detectives Gary Dourdan, starred for  … Read more

The $25 billion mortgage settlement between the nation’s five largest banks the 49 of the states is in full swing now. Already some $15.8 billion has been provided to those affected by unlawful foreclosures or mortgage debt troubles. Hundreds of thousands of homeowners around the country have already been helped, many more are waiting to  … Read more

As 2012 draws to a close in a few short weeks, bankruptcy statistics are showing some interesting signs of economic promise. According to recent data, filing numbers have continued to decrease over the last 10 months; good news for consumers, and bad news for some businesses. Both Sides Of The Coin For consumers, a drop  … Read more

Credit cards are one of the most common sources of debt among Americans today. Although not the main factor behind bankruptcy cases, they certainly can contribute to an already fragile financial state. When it comes to using credit cards and filing for bankruptcy, there are a few things you should know. The Rules The timing  … Read more

Hostess Brands — the maker of such iconic baked goods as Twinkies and Wonder Bread — filed a motion with federal bankruptcy courts Friday to close its operations after striking workers across the country crippled its ability to maintain production. No More Twinkies? The closing will result in nearly 18,500 workers losing their jobs as  … Read more

For  many Americans, the mortgage interest tax deduction is important for maintaining fiscal health each year. Accounting for nearly 35% of most people’s total itemized deductions, the threat of losing this deduction could seriously impact the future of many families. With the current plan expiring at the end of the year, time is running out  … Read more