Latest on the Bankruptcy Blog

This week in bankruptcy news: a battle over Texas sports broadcasting rights emerges as Comcast forces Astros affiliate,Houston Regional Sports Network, into Chapter 11 bankruptcy. The city of Detroit continue racking up more bills in their search for debt relief. Read the full stories below: Comcast opts not to get in war of words with  … Read more

For too many people, credit score is some arbitrary number that exists somewhere out in the cosmos and comes down from time to time to affect their ability to get a loan. In fact, your credit score is a derived formula from a number of different credit factors, and knowing where the number comes from  … Read more

Some people see filing for  bankruptcy as a negative thing, but in fact there are a distinct set of financial advantages afforded to a person coming out of a Chapter 7 filing. Here are a few advantages you may not have thought of when considering Dallas bankruptcy before. Decreased Debt Ratio Coming out of a  … Read more

Student loan debt seems to be on everyone’s mind these days, from students to parents to the government. Congress is currently fighting to decide whether to keep interest rates the same or lower them, which could make a big difference in how much people are able to pay. With new reports indicating that up to  … Read more

Debt settlement is an option that many people suffering from high debt have considered at one time or another. The idea of settling one’s debts for a fraction of the total amount is undeniably attractive, after all. However, there are some serious pitfalls to going the debt settlement route, as well, so it is important  … Read more

If you are faced with a significant amount of IRS tax debt, you may be at your wit’s end searching for an answer. Sadly, most tax debt cannot be discharged in Chapter 7 bankruptcy; and even those debts that can be discharged have strings attached. Here are some guidelines for determining whether your tax debt  … Read more

A Chicago-based scrap metal recycling company has recently filed for Chapter 11 protection. As a result of the filing, the company will be selling a large portion of its assets to a rival scrap recycling firm, clearing out its $28 million in unsecured debts and reorganizing as a much smaller outfit. The firm had hoped  … Read more

The state of Nevada has had a hard time of it in the housing crash and its aftermath. Even now, Nevada ranked dead last in terms of nationwide foreclosure rates for 2013. Three months ago, the state passed a new law easing foreclosure requirements, but just this week another new law adds more complications to  … Read more

This week in bankruptcy news: The company behind IBM’s storage cloud system ceased operations and filed for Chapter 7 liquidation. However,the company insists that arrangements have been made to ensure customers will not lose files stored on the system. Mixed in the middle of food fraud, Groeb Farms has filed for Chapter 11 to resolve  … Read more

Applying for new credit can be an intimidating prospect. Many people know that each time your credit history get checked, it affects your overall credit rating in the negative, so it’s understandable to have a little trepidation about what credit you apply for. Here are some credit tips that will have you applying for new  … Read more