Latest on the Bankruptcy Blog

For those beginning to research the intricacies of Texas bankruptcy law, you will quickly learn that all bankruptcy codes are not equal. Each “chapter” offers the individual unique advantages and rules, but it is important to understand the differences. The three most popular forms of bankruptcy are known as Chapter 7, Chapter 11, and Chapter  … Read more

While home prices across the country have seen a steady increase for the first time in nearly six years, there is a looming storm on the horizon. For the many Americans hoping to take advantage of the Mortgage Debt Relief Act of 2007, time is winding down. Unless congress comes in and extends the act,  … Read more

The December 3 ruling that the city of Detroit is eligible to file for chapter 9 bankruptcy is now being allowed an appeal by the same judge. That judge, Steven Rhodes, has decided it best for the bankruptcy process to continue with a hearing at the U.S. 6th Circuit Court of Appeals. Hurry Along Now  … Read more

This week in bankruptcy news: Textron acquires aircraft manufacturer Beechcraft after the company emerges from bankruptcy, while wireless communications company LightSquared tries to also make a successful exit from Chapter 11. Read the full stories below: After Emerging From Bankruptcy, Beechcraft to Be Acquired by Textron LightSquared Proposes New Financing as Way to Emerge From  … Read more

Who better to ask for money management tips than a bankruptcy lawyer? A bankruptcy lawyer deals with the results of money management on a daily basis and is familiar with ways to improve personal finances. By adhering to some simple rules and making lifestyle adjustments, you can begin to see positive results in your bank  … Read more

Following suit with the IRS, who just announced it will no longer tax people for the short sale of homes at full market price, is the state of California. This announcement comes as a major break for those looking to short sale their home and avoid foreclosure. Potential Effects of the Short Sale Rule While  … Read more

The single biggest piece of advice a Dallas bankruptcy lawyer will give his or her clients when filing for bankruptcy is this: be honest. Just as it is in any arena of life, honesty is an integral part of the bankruptcy process. In order to avoid additional problems, be clear, precise, and open with all  … Read more

With the news stories, internet statistics, and neighborhood visuals, it can seem like a mortgage modification is merely a dream. But getting a mortgage modification is in fact possible, and here are a few tips on how to set yourself up for success: The Plan for Success First off, you need an expert. When pursuing  … Read more

Founders of Mint.com and the highly popular mobile phone app Mint recently announced their debut with the Windows Phone. Previously only available on iPhones and Androids, this pocket-friendly money management service is expanding its reach. What is Mint? Despite its huge popularity in both the App Store and Google Play Store, many people still aren’t  … Read more

This week in bankruptcy news: A New York ski center slides towards a successful exit from bankruptcy while a local department store, Loehmann’s, starts its path into bankruptcy. Read the full stories below: Ski center slaloms toward bankruptcy finish line Local Loehmann’s to stay open despite bankruptcy