Latest on the Bankruptcy Blog

This week in bankruptcy news: Stockton, California is granted permission to stay under Chapter 9 bankruptcy protection and Actor Kevin Costner is sued in bankruptcy court when he attempts to collect payment from a film distributor currently undergoing restructuring efforts. Read the full stories below: Judge rules Stockton can enter bankruptcy protection Kevin Costner Sued  … Read more

The bankruptcy process is not one that people enter lightly, yet so many people fail to seek the counsel of an experienced attorney first. With so much on the line, it is important to see just how valuable your Dallas bankruptcy attorney really is for the success of your case. The Right Representation The initial  … Read more

With student loans from federal and private lenders topping a whopping $1 trillion nationwide, many are asking why there isn’t any form of relief for student loan debt. Unlike credit cards, mortgages, and owed taxes, there is no immediate respite for those struggling to pay back their student loan debt. Even declaring bankruptcy, which would  … Read more

Bankruptcy will always continue to be a tough decision for many Americans. Regardless of how difficult financial situations become, many households can spend up to several weeks debating whether or not it’s time or appropriate to file for bankruptcy. If you’re in a similar situation and are struggling over whether or not you should file  … Read more

Good news continues to pour in for homeowners everywhere as nationwide foreclosure rates fall to an 11-month low. In some portions of the country, the low foreclosure rates are nearing a 2-year record as the economy and housing market recover. The national rate fell to 2.9 percent and is 1.2 percent lower than the similar  … Read more

While many industry experts agree that there are some positive indications found in the slowing foreclosure trend, many others point out that the road to recovery is still far in the distance. While the bankruptcy process has been able to help many people avoid foreclosure and regain control over their mortgage payments, there is still  … Read more

Many entrepreneurs and sole proprietors are faced with a difficult decision each day: Should I file for bankruptcy? With nearly half of all new startups closing their doors within the first 5 years, there are many entrepreneurs whose financial situations are dire. As national competitors increase and the economy struggles in its recovery, entrepreneurs are  … Read more

Though the Occupy Wall Street movement is largely dissolved, it has given birth to a new movement called Strike Debt. The organizers of Strike Debt are fighting back against what they view are unfair health care costs. They note the increasing medical debt that’s burdening many Americans, forcing them to file for bankruptcy. Because many  … Read more

With over half of the United States population having debt under their name, it’s important to remember basic money management techniques to keep this debt in check. Debt can range from a variety of sources including home and car loans, medical bills, credit cards, education loans, and more! Regardless of where the debt came from,  … Read more