Latest on the Bankruptcy Blog

Whether you file for a Chapter 7 or Chapter 13 bankruptcy, your case will be administered by a trustee in the meeting of creditors – otherwise known as a 341 hearing. Occurring 3 to 7 weeks after the date of your filing, the meeting of creditors is an in-depth look at your bankruptcy case that  … Read more

The internet has ushered in the age of information – and misinformation. In 2013, more bankruptcy myths have popped up than ever before. Despite the ability to fact check online or with a Dallas bankruptcy attorney, many people still fall for these bankruptcy myths, making their financial lives more difficult in the process. By understanding  … Read more

With so many Americans worrying about their underwater mortgage, it’s no wonder that there’s been an increased interest in short sales. However, with all of the mortgage debt relief options available, is a short sale truly the best idea? From mortgage modifications to loan modifications and credit negotiations, there are endless opportunities for homeowners to  … Read more

The tech world responds in shock today at the news that dotcom pioneer, Halsey Minor, has filed for bankruptcy. Once worth nearly $1 billion, Minor has filed for a Chapter 7 bankruptcy to discharge approximately $100 million in debt. Best known as the founder of CNET, Minor is now worth less than half of what  … Read more

This week in bankruptcy news: Jefferson County, Alabama wraps up their historical Chapter 9 filing after striking a deal with creditors. GM made a rare return to the S&P500 this week just four years after their successful exit from Chapter 11 bankruptcy. Read the full stories below: A County in Alabama Strikes a Bankruptcy Deal  … Read more

With recent data showing that almost 11 million Americans have an underwater mortgage, many homeowners are weighing their options to fix the situation. Should they leave? Seek a mortgage modification? Walk away? Of course there are no easy solutions to an underwater mortgage, but there are various options for those who owe more on their  … Read more

When people fall behind on mortgage payments, they usually panic and begin to take drastic actions to avoid a foreclosure. Unfortunately, such desperate actions can result in falling victim to foreclosure scams that make the situation even worse. Homeowners around the country are being duped by “loss mitigation,” “mortgage negotiators,” and similar companies or individuals  … Read more

Despite strengthened economic activity, mortgage rates are continuing to edge higher and higher. With an average interest rate of 3.63 percent on homes with a 30-year fixed-rate mortgage, homeowners shopping for refinancing opportunities are frustrated. While the market is becoming favorable for sellers, current homeowners struggling with mortgage debt are having a harder time. For  … Read more

Congratulations! If you’re one of the millions of college or university graduates this year, you’ve reached an incredible milestone in your life. The feeling is incredible, though unfortunately short-lived. Within 6 months, creditors will begin harassing you for student loan debt payments. While college provided incredible opportunities for growth and learning, the immediate aftermath of  … Read more

Whether you’ve started dating someone for the first time or are trying to find a creative date night idea, it’s always a stark reminder that a single night out can take an expensive toll on your credit card. While a date night is unlikely to be the reason for filing for bankruptcy, it reveals larger  … Read more