Latest on the Bankruptcy Blog

In 2013, credit cards are a necessary part of life, especially if you want to rebuild your credit and regain the trust of lenders after a bankruptcy. Avoiding debt with a credit card might sound counter intuitive, but it’s possible and it’s the key to reestablishing or improving your credit. Healthy credit card practices are a  … Read more

Summer vacation season is right around the corner, meaning that families everywhere have to be more careful with how they manage their finances. More likely than not, families on vacation use a credit card to finance their travels, which can lead to financial troubles in the future. Families need to be cautious about how they  … Read more

Even with the recovery of the housing market, many homeowners are still financially struggling with their mortgage payments. Of course, homeowners who are underwater with their mortgages are fighting to avoid a foreclosure, but with so many options available, it can be difficult to make a proper decision. Furthermore, foreclosure law and predatory lending make  … Read more

Ledgemont Capital Group LLC in New York has filed for a Chapter 7 bankruptcy to liquidate its assets. The case will be heard in a U.S. Bankruptcy Court in the District of Delaware. Ledgemont is best known for its joint efforts with Renaissance Capital as an underwriter for FriendFinder Networks Inc., which had a $460  … Read more

This week in bankruptcy news: The country’s largest municipal bankruptcy case could be completed by as early as the end of this year. The high-profile Casey Anthony bankruptcy case is delayed yet again, this time tied up in defamation lawsuits against Anthony. Read the full stories below: Jefferson County bankruptcy attorney presents timeline for getting  … Read more

If you are one out of the 10.8 million American homeowners with an underwater mortgage, you know how financially challenging it can be to avoid foreclosure and recoup your home’s value. While refinancing is a popular option to get back on track with mortgage payments, it also has many pitfalls as well. By knowing common  … Read more

For many homeowners the threat of foreclosure is an all too real reality. While the national mortgage abuse settlement has brought some return of relief for citizens, recent reports suggest that the problems in lending and the foreclosure process are far from over. Regulations Reveal Part of the $25 billion settlement aimed at ending the  … Read more

If you are considering filing for bankruptcy, chances are you are anxious to get the show on the road. While there are ways to file your case in as little as a few hours, there are some things you need to know about these “barebones” filings. Take The Time A “barebones” bankruptcy filing refers to  … Read more

Many homeowners purchase their homes when they’re in their mid 20’s or 30’s and spend anywhere between 15 to 30 years repaying their home loans. Since most new homeowners are so young, they’re generally healthy and professionally growing, so mortgage payments are manageable. However, unexpected life events can take the life of even a healthy  … Read more

While bankruptcy laws have made it possible for individuals and businesses to restructure their financial portfolios, filing for a business Chapter 7 petition is definitely something you don’t want to do alone. Working with a Dallas bankruptcy attorney can help you determine nuanced legal and financial matters such as whether your business can continue to  … Read more