Latest on the Bankruptcy Blog

This week in bankruptcy news: a recent study reveals that medical bills are the top cause of bankruptcy filings in the United States. Meanwhile, a subsidiary of the worlds largest drug manufacturer Pfizer may wrap up a historic nine year bankruptcy case that is set to resolve a record number of asbestos related claims. Read  … Read more

Falling behind on taxes and having to deal with the repercussions of tax debt with the IRS can be a stressful problem, affecting every aspect of your life. Fortunately, there are numerous options to eliminate or reduce your tax liability with the IRS. Whether you handle the situation yourself or hire a tax attorney to  … Read more

Today’s tough and competitive economic times can be a financial challenge for any business, regardless of industry. Higher costs of operation and more options for consumers can make it a challenge for a business to remain in the black. If your company accumulates debt that begins hindering the way you conduct business, it’s time to  … Read more

When you file for bankruptcy, chances are that you will continue incurring debt even after the petition is filed. After all, filing for a Chapter 7 bankruptcy doesn’t stop your expenses. So what happens to the debt that collects after you’ve filed and the debt that continues accruing during the bankruptcy process? Are these included  … Read more

Aside from keeping you on top of your credit score, one of the main reasons to check your credit report on an annual basis is to ensure its accuracy – but what do you do when there’s a mistake? An error on your credit report can be as damaging as larger amounts of credit debt,  … Read more

Filing for a Chapter 13 bankruptcy gives you the opportunity to reorganize your debts and get back on track with your financial life. As long as you practice proper money management after working with a bankruptcy attorney, you can pay back your debt as quickly as possible. However, whether it’s job loss, a personal emergency,  … Read more

In the aftermath of the 2008 recession and the burst of the housing bubble, foreclosure rates skyrocketed throughout the nation. In an effort to aid its citizens, the city of Philadelphia created a foreclosure program that would become the most lauded in the nation. Thanks to the Homeowners’ Emergency Mortgage Assistance Program, 5,755 Philadelphians were  … Read more

College graduates across the nation know how difficult it is to discharge student loan debt through bankruptcy. Qualifying to have your student loan debt discharged is so difficult that it’s actually become a bankruptcy myth that student loan debt is exempt from bankruptcies altogether. However, the case of Michael Hedlund may have set a new  … Read more

If you’re struggling with mortgage debt, refinancing may be a useful tool in getting your finances back on track. Whether you’re able to lower your interest rates or improve the terms your home loan, refinancing can be a major help with mortgage debt! However, applying for a refinancing can be a tricky process. With the  … Read more

This week in bankruptcy news: The year long bankruptcy case for Kodak is finally coming to an end as the newly restructured company offers up equity shares to creditors. Meanwhile, the highly publicized Casey Anthony bankruptcy case is driving threats of her disappearance if the media circus continues to surround her financial problems. Read the  … Read more