Latest on the Bankruptcy Blog

It is no secret that debt collections have their niche in today’s economy. With more people behind on payments and accounts sitting delinquent for months on end, many lenders are turning to third party collection agencies more than ever before. As a debtor, it is important you know your rights and how to handle these  … Read more

After filing for bankruptcy, you will no doubt have many questions about how it will affect your credit rating. There are many who fear that bankruptcy could only ever mean bad credit. However, these portents of bad futures are not necessarily always the case. It is possible to maintain relatively good credit, in some cases  … Read more

While the bankruptcy process in any state is governed by the U.S. Bankruptcy code, there are important differences that could influence a case filing in Texas. Eligibility Anyone filing for bankruptcy must pass a means test in order to qualify for a Chapter 7 filing. The difference in Texas bankruptcy cases is simply the median  … Read more

Negotiating the world of mortgage debt can seem like an incredibly complex prospect for anyone dealing with it. But there is hope for those suffering from the problems associated with mortgage debt. Dealing with Mortgage Debt If you haven’t been able to keep up with your mortgage payments, you’ll already be building up debt. Without  … Read more

There are a lot of ideas out there about bankruptcy that are less than correct. These myths can misinform, misdirect, and even lead you down a path to a bad financial choice. Knowing what is real and what is a bankruptcy myth can keep you on a solid financial footing. Myths About Bankruptcy The first  … Read more

With homeowner debt becoming a leading cause of bankruptcy, it is important to understand the relationship between mortgages and bankruptcy. How will filing for bankruptcy affect your mortgage? Can you protect yourself against foreclosure in the case of a bankruptcy filing? Will reaffirmation help or hurt you during a filing? These are all important questions  … Read more

The bankruptcy process is commonly thought of as a way to resolve debts for the poor. On the contrary, even middle or upper class citizen can end up needing bankruptcy support for reasons outside of their control. Between a turbulent economy, meager job market and strokes of bad luck, the bankruptcy process has been able  … Read more

The US arm of the video game company that created massive gaming hits like “Pong” filed for Chapter 11 bankruptcy today, hoping that the move will help to split them from their French owners. Things like the company logo and other associated brands have been put up as viable assets so that the company can,  … Read more

The IRS recently announced a new effort called the “Fresh Start Program,” designed to alleviate much of the debt suffered by taxpayers behind on tax payments. The program allows debtors more leeway for debt negotiation when it comes to installment agreement requirements for many taxpayers, an extension of the period of time a taxpayer has  … Read more

This week in bankruptcy news: once a trendsetting video game producer, Atari, seeks Chapter 11 protection to shake its French owner and move forward with profitability in the U.S.  Kodak wins judge approval to finance the remaining portion of debt restructuring efforts, which should bring the opportunity to continue revised operations for the future. Read  … Read more