Latest on the Bankruptcy Blog

Many people seeking bankruptcy undergo changes to their income or debt levels during their case. While this isn’t typically a problem it could result in a bankruptcy conversion, meaning switching to a different type of bankruptcy proceeding. In personal bankruptcy, there are two types of conversions: voluntary and involuntary. Voluntary A voluntary conversion occurs when  … Read more

The bankruptcy process is designed to be a tool of help for those struggling with debt. One of the many benefits bankruptcy can offer is the chance to resolve debts with minimal cost to you. Although some of your assets could be used to satisfy payments to creditors, most of your valuables are protected under bankruptcy  … Read more

These days most people live more off credit than cash. While financing purchases through credit or loans can be a good way to improve your credit score, many people go about this the wrong way. To avoid credit debt problems, there are a few simple rules to follow when it comes to financing purchases: Consider  … Read more

Debt burdens and income troubles are two experiences that often go hand-in-hand. While these problems can happen to the best of us, finding a way out can be overwhelming. Luckily, there are options like bankruptcy that can provide the relief you need. The key is, making sure it is the best choice for your situation.  … Read more

When looking to buy a home it is important that you take precaution to prepare. Besides knowing your budget and buying within reason to avoid the risk of foreclosure down the road, there are some basic steps to prepare for the application process. Organization Is Key Many real estate experts recommend having your mortgage loan  … Read more

Bankruptcy is a tool for debt relief. However, that doesn’t mean you get to sit back and watch your debts be erased. In order to have a successful bankruptcy case, you need to get involved. Here is how: Consult an attorney — A Fort Worth bankruptcy attorney’s office should be your first stop in your  … Read more

On October 29th, 2012 Hurricane Sandy paralyzed travel and caused thousands of airline flights to and from the east coast of the United States to be delayed or grounded. This could create an economic hit to airlines serving major airports from Washington, D.C., to Massachusetts. Feeling The Impact American Airlines and its commuter line American  … Read more

After the devastating storm this week, the last thing that displaced families need is to worry about mortgage debt or foreclosure. President Obama issued a disaster relief declaration for several of the counties in the northeast, part of which includes an effort for HUD to offer foreclosure relief for victims. Relief For Rebuilding Victims in  … Read more

When you think of bankruptcy, you think of financial insolvency. In other words, anyone who chooses bankruptcy probably cannot afford to repay their debts. So the question of whether you can afford bankruptcy really boils down to can you afford not to? Clearing The Air Bankruptcy itself doesn’t cost much. While there are filing fees  … Read more

When looking into filing Chapter 7 bankruptcy, there is one big hurdle you must overcome: an income restriction. The bankruptcy laws now require for anyone filing Chapter 7 to meet strict income requirements in order to be eligible. Here is what you need to know: First, the way you qualify is based on a “means  … Read more