Latest on the Bankruptcy Blog

This week in bankruptcy news: San Bernardino, California gets the green light for their Chapter 9 filing; while the presiding judge hints at giving American Airlines bankruptcy merger the same in the coming weeks. Read the full stories below: San Bernardino Wins Eligibility for Bankruptcy Judge Hints At Helping American Airlines Out Of Bankruptcy

Since the housing bubble crash, the number of homeowners who owe more on their mortgages than their home is worth has been steady and alarmingly high. Several programs have been developed to assist those who are suffering from underwater mortgages and other mortgage debt. These days a foreclosure attorney will be able to offer any  … Read more

Faced with overwhelming debt, your small business may not be able to fight its way out on its own. Luckily there are some powerful tools at your disposal which can help you get out from under the burden of terrible debt and back into the swing of things. Filing Texas bankruptcy for your small business  … Read more

Faced with mounting tax debt, you may have considered filing for bankruptcy. Many kinds of tax debt are fully dischargeable through bankruptcy, but not all are. In addition, an individual must meet certain requirements in order to qualify for discharging tax debt through bankruptcy. Five Rules to Discharge Tax Debt Essentially, there are five requirements  … Read more

Many people know that now is a great time to refinance your home loan, with mortgage rates still at their lowest in many decades. And those with good credit and with loans in good standing can certainly take advantage of these rates. Still, there are some guidelines to getting the most out of the process;  … Read more

Medical debt is a unique type of debt in that it can strike almost without warning. One day you are a healthy, active human being with a great credit score and no outstanding debts, and the next you are faced with a skyrocketing hospital bill and no way to pay, since you cannot work to  … Read more

A telecommunications company based out of Fort Worth, TX, Teletouch Corp., has announced it will be filing for Chapter 11 bankruptcy, according to sources. The corporation – which operates under the trade name Hawk Electronics – defaulted on a loan to its largest lender, which had blocked access to $800,000 in funds in the corporation’s  … Read more

Traditionally, the words ‘short sale’ are music to a buyer’s ears; they mean the buyer will be getting a home at a great deal, and usually in a manner that benefits all parties involved, as the lender recoups losses on their defaulted loan and the process moves quickly through closing. However, surprising new research shows  … Read more

This week in bankruptcy news: Kodak exits bankruptcy protection as a smaller, more financially efficient digital imaging company. Meanwhile, Detroit’s bankruptcy case may soon be  more accessible to the public as the city  is being called to publicly disclose some of its records. Read the full stories below: Court Gives Kodak Approval to Leave Bankruptcy  … Read more

If you are behind on your mortgage payments or suffering from high mortgage debt, you may have been advised to offer your home for a short sale. Although a short sale has many benefits, it is not always the most advantageous solution for every homeowner. Here are some basics to help you decide; a foreclosure  … Read more