Latest on the Bankruptcy Blog

Debt negotiation can be a very useful strategy for dealing with outstanding debt. Negotiating a settlement usually means you will end up paying much less than the total amount owed to your creditors, a difference that can often be the shortcut on the road to financial freedom and solvency. But it is not all positive,  … Read more

Although many people know what bankruptcy is, it seems that the topic can be difficult to fully understand. Texas bankruptcy is a powerful tool that borrowers faced with unpayable debt can use to get a fresh start on their financial lives; like anything, it has its benefits and its limitations. There are some particularly pervasive  … Read more

A farmer originally from North Dakota has filed a Chapter 7 Texas bankruptcy to halt the sale of his several properties in that state. The farmer, according to a bankruptcy lawyer close to the case, had previously had a Chapter 11 petition dismissed, and was facing forced sale of five properties by a creditor who  … Read more

If you are falling behind on your mortgage payments and dreading the prospect of foreclosure, you may think you have nowhere left to turn. The good news is that nothing could be further from the truth. There are a wealth of resources and options on the table for people like you who are struggling to  … Read more

Chapter 13 Dallas bankruptcy is a very different animal than Chapter 7. Many filers do not consider that a Chapter 13 filing is actually a repayment commitment of three to five years; only after this commitment is satisfied are the remainder of your debts discharged. Yet Chapter 13 is a great option for many faced  … Read more

A New York-based wireless phone company has recently filed for Chapter 11 bankruptcy restructuring, according to a bankruptcy lawyer close to the case. Personal Communications Devices LLC filed for Chapter 11 protection and announced layoffs totaling just under 150 people. The company reported over $100 million in debts at the filing, with assets somewhere between  … Read more

A new ruling in a San Francisco circuit court has changed the law surrounding loan modification programs in that district, according to a foreclosure attorney close to the case. The ruling ends the practice some mortgage companies had been employing of using “trial refinancing” options to squeeze a few months’ extra payment out of homeowners  … Read more

Faced with job loss, unforeseen debts such as medical bills, or another of the financial curveballs that life can throw at you, you may suddenly find your mortgage payments an unbearable burden. Particularly in today’s housing market, where many homes are worth less than the mortgages their owners have taken on, making payments after a  … Read more

This week in bankruptcy news: San Bernardino wins its eligibility suit in bankruptcy court, making a step forward in their insolvency case. Meanwhile, Kodak wraps up its Chapter 11 case as moves into the future with a more streamlined business model. Read the full stories below: San Bernardino bankruptcy ruling is a blow to CalPERS  … Read more

If you are a business owner saddled with large debts, and have creditors knocking at the door, it can be tough to maintain a level head and decide what to do for your company’s financial future. When it comes to the decision to file for bankruptcy this is even more the case. Hiring a Fort  … Read more