Latest on the Bankruptcy Blog

Mortgage loan interest rates have continued to hover around all time lows for the last year or more. With so many people looking to lower their payments to stay out of mortgage debt, refinancing can be a great solution. In general, there are a few tips for making refinancing successful. The Right Step If you  … Read more

Credit counseling is not often sought outside of bankruptcy, which is unfortunate. A lot of the services offered by credit counselors can benefit anyone whether they are facing financial hardships or not. Take a moment to learn about the ways in which a credit counselor can benefit any financial situation. Budgeting and saving — credit  … Read more

With so many companies in bankruptcy in recent years, it leads many to question what the future of many similar companies hold. The truth is that no two business bankruptcy cases are alike, and no two cases of similar companies will end up with the same fate. So what are some of the differences in  … Read more

If you are one of the lucky few that have extra cash on hand or are in a particularly secure financial position, congratulations. In these tough times, managing money effectively can be challenging, even if you aren’t at risk of foreclosure or credit debt trouble. One thing people consider when they have extra money lying  … Read more

The decision to file for Chapter 13 is one that can change your life. Securing your financial future in a time of hardship is one of the best ways to protect your home and family. The Chapter 13 process can help you resolve debts, fight foreclosure and obtain financial stability. At A Glance Chapter 13  … Read more

Popular news this week surrounds the ongoing saga in the American Airlines bankruptcy case, patent bids for Kodak and the downsizing of Hawker Beechcraft. Here are the full stories for your review: The Daily Docket: AMR Seeks Exclusivity Extension The Daily Docket: Kodak Gets $500M Bid for Patents Bankruptcy Court Approves Beechcraft Plan

The bankruptcy process is made up of two main financial aspects, your debts and assets. While you may be worried about the risk of losing assets in bankruptcy, you may be surprised to learn that a lot of their significance has to do with determining the level of help you need. When it comes to  … Read more

One of the foreclosure options available to anyone facing financial hardship is a deed in lieu of foreclosure. This allows the borrower to relinquish the property to the lender in exchange from being released from the loan debt. Although the borrower does not get to keep the home, they do get spared from a stressful  … Read more

Student loans are one of the only options for many college hopefuls in today’s economy. While they can be the golden ticket to a higher education, they are often also a ticket to higher debt burdens. The average college student will owe $25,000 upon graduating, placing an immediate strain on any budget. To make matters  … Read more

The free annual credit report. You might be surprised to learn that a large percentage of people never even take advantage of this opportunity. Besides being silently unaware of fraud or inaccuracies, not checking your credit report could be holding you back from financial freedom. Keep An Eye Out Many people think their credit report  … Read more