Latest on the Bankruptcy Blog

One of the biggest perks to the bankruptcy process is the protection from creditors. While most people filing for bankruptcy get to enjoy this peace and quiet from collection efforts, there are some instances in which bankruptcy cannot keep creditors away during your case. Exceptions To The Rule The automatic stay is a powerful bankruptcy  … Read more

There have been many instances in which families lost their homes through unlawful or wrongful foreclosures. Aside from an already turbulent mortgage lending market due to robo-signing, many lenders are also making costly mistakes. One Oregon woman is nearing the end of a three-year battle with her lender over one such mistake. The Long Road  … Read more

The state’s oldest junior college has been attempting debt resolution in Texas bankruptcy court since August. Lon Morris Junior College filed for bankruptcy a few months ago, in efforts to preserve the 158 year old educational institution. However, a recent move towards restructuring could cause some trouble with charitable donators. Making Waves With an outstanding  … Read more

It is common knowledge that the bankruptcy process is a matter of public record. That is, your case becomes public record after filing. However, that doesn’t mean that people will be notified of your bankruptcy case. In most cases, friends, family or your employer don’t have to find out unless you tell them. Protecting Your  … Read more

The HARP 2.0 refinance program continues to roll out mortgage debt help for homeowners across the country. Just as some states have been affected by the foreclosure crisis harder than others, some of these same states are now being more successful in terms of the number of HARP mortgages they are closing. Standing Apart Since  … Read more

Negotiating debts can seem overwhelming, especially if you are being hounded by creditors. Although you may not feel confident going into a negotiation there are some things you should know about how to deal with debt collectors. Take A Stand First, you are not a bad person and we all experience hard times. Financial troubles  … Read more

Retail stores and restaurant chains have been hit hard by the recession. Although just now gaining some financial ground in recent months, not all have been spared the scar of financial burden. The owner of the popular restaurant chain, Hooters, has filed for Chapter 11 bankruptcy protection. Restructure To Regroup Cornett Hospitality LCC owns and  … Read more

American Airlines isn’t the only airline still in bankruptcy court negotiating over labor contracts. Memphis based airlines, Pinnacle Airlines, has been under Chapter 11 protection since early April. After months of negotiations, good news came late last week that the current pilot labor contracts could be safe from cuts for a little while longer. Resisting  … Read more

There has been much attention over the “fiscal cliff” facing the government as the year comes to a close. With so much on the line in the next few weeks many important decisions have to be made regarding a variety of issues, including tax deductions, mortgage debt help, and the nation’s deficit. Finding Stability On  … Read more