Latest on the Bankruptcy Blog

Unpaid student loans, home loans, car loans, and any other type of loan are some of the top reasons people seek bankruptcy. By staying up to date with your loan payments, not only are you improving your financial health and credit score, but you’re saving money as well. Remember, the faster you pay off your  … Read more

If you’re like the 40 million American homeowners struggling to avoid foreclosure, you understand the need to find a reliable solution to avoid foreclosure. For many homeowners, the most appealing option is a short sale. Instead of dealing with modifications, those who owe more than their home is worth find a short sale to be  … Read more

For homeowners struggling with finances or worried about a foreclosure, refinancing is one of the most appealing options to ease their mortgage payments. Refinancing provides a new loan that’s complete with new interest rates, payments, and terms. It’s the perfect option for people financially stable enough to avoid bankruptcy, but still worried about their monthly  … Read more

So you want to repair your credit score after your Texas bankruptcy but don’t know where to begin? With over 1.5 million bankruptcy filings across the nation every year, you’re not alone. Fortunately, the process of repairing your credit isn’t as difficult as it might seem, and can begin the same year as your Texas bankruptcy. People  … Read more

A recent study by the Federal Trade Commission reveals that approximately 25 percent of consumers have identified errors on their credit reports, which in turn negatively impacts their credit scores. Damaged credit scores result in higher interest rates, fees, and paying more in general. This eye-opening study reveals why it’s more important than ever for  … Read more

It’s official: the city of Detroit is broke. A recent report by the appointed emergency manager for the city details the financial struggles of the city. The report by bankruptcy attorney Kevyn Orr is the first he’s released since taking the position in March. According to Michigan state law, a report is due within 45  … Read more

Wells Fargo and Bank of America have both been accused of breaking their refinancing terms as prescribed by last year’s mortgage settlement. Under the terms of last year’s national settlement, banks have 30 days to respond to all mortgage modification requests. By delaying their responses, Attorney General Eric Schneiderman says the banks are pushing homeowners  … Read more

This week in bankruptcy news: A recent study suggests that cancer patients are twice as  likely to seek bankruptcy protection due to insolvency from overwhelming medical debt than those without cancer. Meanwhile, more California cities are facing financial troubles that could lead them into Chapter 9. Read the full stories below: Cancer Patients More Prone  … Read more

Despite the strengthened U.S. economy, many homeowners are still behind on their mortgages. Fortunately, there are many options for homeowners with underwater mortgages, but the choices can be overwhelming. From filing for bankruptcy to a loan modification, homeowners will do what it takes to avoid foreclosure. Even the federal government has gotten involved, enacting the  … Read more

For most people who file for bankruptcy, their biggest concern involves the protection of their assets. When filing for a Chapter 7, debtors want to ensure that they can keep their possessions as they seek a fresh financial start. Working with a Fort Worth bankruptcy attorney can help you maximize your exemption planning to ensure  … Read more