Latest on the Bankruptcy Blog

This week in bankruptcy news: after nearly two years in Chapter 11 a judge is expected to reach a final decision regarding the American Airlines merger. In the technology field, hard drive maker OCZ gets an offer from Toshiba to relieve its financial trouble. Read the full stories below: Judge to rule Wednesday on American-US  … Read more

If you are one of the many American homeowners currently faced with an underwater mortgage, you may be wondering what your options are. Talking to a foreclosure attorney is a good first step, as they will be able to guide you to the best solution for your personal needs. Here are a couple of possible  … Read more

If you are considering filing Chapter 13 Dallas bankruptcy protection, you have likely wondered about what the process will look like. Chapter 13 bankruptcies are tailored to an individual’s personal financial picture, and so the specifics will vary a great deal from case to case. Chapter 13: The Process First, you file your Chapter 13  … Read more

Many people are all too familiar with the words “short sale” in today’s housing market. These properties have been a significant portion of all home sales since the bubble burst years ago, and that trend has continued even while the market is showing signs of beginning to recover. Still, it is always good to be  … Read more

Under Chapter 7 Texas bankruptcy rules, the bankruptcy trustee is able to seize your automobile and sell it to cover your debts if it is worth more than the value of the exemptions you are able to place on it. Depending on the value of your car and the exemption amount, this could be bad  … Read more

Considering Dallas bankruptcy? Wondering about what it will entail? You may have heard that you will be appointed a bankruptcy trustee to oversee your case. Maybe you wondered what that trustee’s duties are. Wonder no more. Here is a simple rundown of the bankruptcy trustee’s role in your Chapter 13 Dallas bankruptcy Bankruptcy Trustee A  … Read more

This week in bankruptcy news: Singer Aaron Carter sheds debt while trying to keep his place in the entertainment industry from falling and the historic Jefferson County, Alabama  Chapter 9 case wraps up its final days. Read the full stories below: Bankruptcy filing ‘very positive’ for Aaron Carter, publicist says Judge says Jefferson County can  … Read more

Detroit’s Chapter 9 bankruptcy eligibility hearing is scheduled to hear its last arguments this Friday. After the bankruptcy judge in charge of the case hears the closing arguments, he will deliberate as to whether Detroit is in fact acting within its rights and in good faith in declaring Chapter 9 bankruptcy. If he decides the  … Read more

When considering filing for Chapter 7 Dallas bankruptcy, you may have come across the term “no-asset” bankruptcy. If you are wondering what “no-asset” bankruptcy means, look no further. A Chapter 7 no-asset case simply means that the debtor has no non-exempt assets that the bankruptcy trustee can sell to help cover the debts owed creditors  … Read more

Dealing with an underwater mortgage – a mortgage in which you owe more on your loan than your home is currently worth – is an issue that has faced all too many homeowners in recent years. Since the housing market nosedived in 2007, as many as 12 million or more homeowners found themselves at one  … Read more