Latest on the Bankruptcy Blog

Too many people seem to see their credit score as an arbitrary number, unconnected to financial reality, too complicated to understand. Nothing could be further from the truth; and the fact is that this number, your credit score, influences many major financial events in your life, not least among them your mortgage and the interest  … Read more

This week in bankruptcy news: Detroit residents speak out about the city’s Chapter 9 filing and another electric vehicle manufacturer files for Chapter 11. Read the full stories below: Detroit residents to speak out in court against bankruptcy Ecotality, an electric car charger maker, files for bankruptcy

A federal bankruptcy judge gave the go-ahead for the reorganization plan that Fort Worth airline giant American Airlines has proposed, paving the way for the company to exit its bankruptcy and complete its proposed merger with Tempe, AZ air carrier US Airways. There is a rather large barrier remaining to the merger, however, in the  … Read more

Mortgage modification is one of those terms that is being thrown around all over these days. Maybe you have heard of mortgage modification but are not sure just what it is or how it may be able to help you. If you are troubled by high mortgage payments and need to find a way to  … Read more

Medical debt is a topic that causes some confusion among those looking at potentially filing bankruptcy. Many wonder: will Texas bankruptcy eliminate or reduce my medical debt? By how much? How much will I still have to pay? These questions, like many pertaining to bankruptcy, have both simple answers and complications; for starters, the type  … Read more

If you are faced with looming debts and unsure where to turn, you may be looking at Dallas bankruptcy as an option. Bankruptcy is a great tool for cleaning out your debt closet, so to speak; however, it is important to learn good money management in order to keep your finances in good standing after  … Read more

Introducing the Lee Bankruptcy Fall Giveaway! We are giving away a FREE ipad mini to the lucky winner of our Facebook credit collections horror story contest! https://www.facebook.com/LeeLawFirm Prize: 16GB Ipad mini Contest:Creditor horror stories Describe your personal experience dealing with a creditor. We want to hear about any difficulties you have experienced negotiating with creditors.  … Read more

The latest numbers are in, and the news is good: foreclosure rates are at a low not seen since before the housing market bubble burst six years ago. The numbers are still not back to where experts would like them to be, but signs point to the slow regrowth of the housing market since home  … Read more

According to sources, the largest power provider in Texas is facing massive debt and may be forced to file for Chapter 11 Texas bankruptcy in the near future. Luminant Mining Co. is operating its coal mining and power facilities with more than $30 million in combined debts, and many are concerned about what it will  … Read more

This week in Texas bankruptcy news: The American Airlines bankruptcy case makes strides as the judge approves the merger with US Airways, while Texas energy mogul TXU begins its imminent path into bankruptcy court. Read the full stories below: Judge Approves American Airlines’ Bankruptcy Plan TXU’s Imminent Bankruptcy Reveals Deregulation’s Failure