Latest on the Bankruptcy Blog

Those considering buying a short sale doubtless know about the appealing benefits. And it certainly is true that your dollar will go further in the purchase of a short sale home than it would otherwise. Still, there are practical considerations regarding these sales that every potential buyer would do well to inform themselves about, says  … Read more

The New York City Opera has recently filed for Chapter 11 bankruptcy protection, according to a bankruptcy attorney affiliated with the case. The opera company had made a last-ditch effort to keep the doors open with a fundraiser, but the donations fell well short of the amount needed to keep the opera running. The New  … Read more

This week in bankruptcy news: Clothing retailer JC Penny takes a hit to stock values after rumors of an impending bankruptcy spread through news outlets while Texas energy giant, Energy Future Holdings Corp, battles creditors in debt negotiations. Read the full stories below: JCPenney stock falls over false bankruptcy rumor Creditors firm stance in bankruptcy  … Read more

Sometimes it can be helpful to take a big step back and look at a situation from the big picture view. If you are looking into foreclosure, whether you are in mortgage debt and afraid you may be faced with foreclosure in the future or are researching the options you may have, it helps to  … Read more

Rebuilding credit after Dallas bankruptcy is a daunting task, to be sure. However, there are a few tried and true methods for getting your credit score back to normal after Dallas bankruptcy, many of which you may already have heard about: secured credit cards, co-signers, and the like. Other than these methods, you may find  … Read more

Although most types of debt are dischargeable in bankruptcy, there is one notable and growingly troublesome exception: student loan debt. Student loan debt has become one of the top forms of personal debt in the U.S. and is causing a great deal of financial hardship to millions of Americans, yet there is no way to  … Read more

If you are one of the many Americans currently suffering from crushing mortgage payments, you are probably aware that there are loan modification options you can take advantage of. You may or may not also be aware of the various refinancing options available to you. Here are a couple loan modification and refinancing tips to  … Read more

Texas bankruptcy can be a complicated concept to wrap your head around. No matter your financial situation, there is undoubtedly a tangle of circumstances totally unique to your situation that make things complicated. However, there are a few common bankruptcy myths that seem to be more or less universal in discussing Chapter 13 bankruptcy. Here  … Read more

The coining of a new real estate term has real estate experts running scared: recently, a leading realty tracking firm released a report on what it has termed “vampire” foreclosures, where the homeowners are still living in the foreclosed property. According to this report, these “vampire” foreclosures are artificially inflating the housing market, and could  … Read more

A U.S. brand affiliate of the U.K. grocery giant Tesco has filed for Chapter 11 protection recently. The chain has listed debts of somewhere in the neighborhood of $1 billion, according to sources. In a statement released by the company’s CEO he stated that the Chapter 11 filing was part of a restructuring plan and  … Read more