Latest on the Bankruptcy Blog

They say, “If you repeat a lie often enough, it becomes the truth.” Well, one of the most common bankruptcy myths is that you can’t discharge any of your student loan debt through bankruptcy. While this is definitely true for most people, it isn’t technically true for everyone. You can discharge your student loan debt  … Read more

In the aftermath of the 2008 recession, mortgage debt affected millions of Americans, many of whom faced foreclosure. As the foreclosure crisis impacted the real estate industry, the overall economy struggled as well. To help homeowners struggling with mortgage debt, especially those who faced foreclosure, the federal government decided to appropriate funds to help alleviate  … Read more

If you have an underwater mortgage and are struggling to overcome your mountain of debt, the threat of losing your home to foreclosure is a terrifying reality. Both you and your family could have to deal with the consequences. Fortunately, meeting with a Fort Worth bankruptcy attorney can provide you with the expertise to delay  … Read more

Filing for a Dallas bankruptcy is an incredible opportunity for the fresh financial start you’ve always wanted. However, getting lenders to trust you with credit again can potentially be a challenge. Once you understand how to appeal to lenders after bankruptcy, you’ll be able to prove that you’re now a low credit risk. With proper  … Read more

Exide Technologies Inc., one of the premier manufacturers of car and truck batteries, has filed for bankruptcy protection through Chapter 11. Filing bankruptcy for the second time in a single decade, Exide cited Wal-Mart’s decision to stop buying their batteries as a major contributor to their financial struggles. Exide claimed assets totaling $1.9 billion and  … Read more

If you’re struggling with your mortgage payments and have exhausted your resources, a foreclosure attorney might be your best solution. Even after you’ve pursued a mortgage modification or refinancing, it’s still a good idea to meet with a foreclosure attorney, especially if a foreclosure becomes unavoidable. By working with a foreclosure attorney to solve your  … Read more

This week in bankruptcy  news: Patriot Coal workers are planning a labor strike as retaliation for the consideration of cutting union contracts in the company’s restructuring efforts. A 10-year  long battle in court ended with a landmark decision of student loan debt discharge, which could pave the way for bankruptcy reform. Read the full stories  … Read more

When was the last time you actually read all of that small print when you opened your last credit card account? Chances are that you haven’t. Despite all the financial and legal freedoms we sign over to our creditors, few people truly understand their rights. Whether you’re dealing with bad credit or debt negotiation with  … Read more

It’s estimated that up to 1 million Americans could be too cash-strapped to pay the legal fees of hiring a bankruptcy attorney as they file for bankruptcy. With average costs hovering around $1,500, more and more consumers are considering tackling a Texas bankruptcy on their own. However, this could be one of the most expensive  … Read more

More and more Hollywood celebrities are proving that everyday Americans aren’t the only ones struggling with debt. From credit card debt to back taxes with the IRS, high profile celebrities continue to display poor money management habits. The latest example is Chris Tucker, who has begun the process of repaying his tax debt. The actor  … Read more