Latest on the Bankruptcy Blog

This week in bankruptcy news: The once luxury business jet manufacturer, Hawker Beechcraft, emerges from their Chapter 11 filings as a streamlined company with focused efforts for future profit, a potential crucial contract in the Kodak restructuring case gets thrown out by the presiding judge, and Detroit is working hard to stave off the need  … Read more

The foreclosure crisis has slowed significantly after a major initiative was taken up by Congress in recent years. Seeking to change the way lenders assist borrowers in debt, expand solutions for all and help spur recovery in the housing market, those dealing with mortgage troubles may be better served in the coming years. However, that  … Read more

You may have heard that filing for bankruptcy damages your credit. This statement is misleading and could be preventing you from achieving the credit score you really want. Managing The Myths The truth is that missed payments, high debt balances and negative payment histories are the culprit to your bad credit score. When you carry  … Read more

If you follow Fort Worth and Dallas bankruptcy cases, then you’ve probably been keeping up with the Sheraton Hotel and Spa in downtown Fort Worth. The property’s owners, after filing for Chapter 11 bankruptcy, were forced to put the Sheraton Hotel and Spa up for sale. Unfortunately, Dallas-based Prism Hotels & Resorts recently had to  … Read more

According to a recent report from the Federal Trade Commission (FTC), a shocking one in five people have errors on at least one of the three major credit reports (Experian, TransUnion, and Equifax). Because many consumers never pull up their credit reports on their own, these scores could present serious problems when trying to buy  … Read more

From the outsider’s perspective, bankruptcy can be a pretty scary process. However, once you start learning more about Texas bankruptcy, you’ll find that it’s a process full of misunderstandings. Bankruptcy might actually be one of the most therapeutic and beneficial things you ever do for yourself and your family. Allow us to dispel a few  … Read more

Some people associate the bankruptcy process with a loss of control, lack of options or severe financial despair. The truth is that the benefits offered by bankruptcy are far from the negative connotation implied by these misconceptions. In fact, the bankruptcy process can help thousands of people who may not even be at their rock  … Read more

Getting a job after filing for bankruptcy might sound like a daunting task. However, you can rest assured that you’re certainly not the first professional to file for bankruptcy and reenter the workforce.  Here are a few ways you can get take on the challenge with confidence… Getting Hired! Let’s face the facts. After your  … Read more

If you’re facing foreclosure or some other financial crisis in 2013, then you should know that you’re not alone. Unfortunately, the great foreclosure wave that has taken control of the real estate market over the last few years has not yet come to an end. Sure, hope may be just around the corner, but that  … Read more

It has been a long time coming to see the possible end to the American Airlines bankruptcy case. After a grueling fourteen months of restructuring, layoffs, and service cuts, the notable Chapter 11 case could finally be headed towards closure. Coming Together For months, American executives have been fighting an impending merger with US Airways.  … Read more