Latest on the Bankruptcy Blog

According to recent third quarter numbers, the national negative equity rate fell at a rapid pace. Despite this quick freefall, the number of people with underwater mortgages is still high. Twenty-one percent of all American homeowners are still underwater with their mortgage. These statistics come from the Zillow Negative Equity Report for the third quarter  … Read more

When it comes to consumer bankruptcy, there is a considerable amount of confusion among Americans as to what is true and what is false. Bankruptcy myths and rumors spread around the internet like wildfire, and many of these misconceptions need to be debunked and addressed. Here is a look at some of the most common  … Read more

If you are not familiar with the topic, business bankruptcy can be a very confusing process. That’s why it can be helpful to bring it back to the basics. Here we will discuss the business bankruptcy basics concerning liquidation and reorganization when filing for bankruptcy. Reorganization and Chapter 11 Filing for business bankruptcy under Chapter  … Read more

If you are like most people, your home is the most valuable financial asset you own. That’s why it is critical to understand the ins and outs of your mortgage and what refinancing could do for your finances and equity. There are a variety of reasons people consider refinancing, including low interest rates, an attempt  … Read more

After getting into trouble with loans, OCZ Technology Group has announced that they have reached an agreement to transfer their assets to the Toshiba Corporation. This news came only five days after OCZ announced its plans to file for bankruptcy. The recent decision means Toshiba will acquire essentially all of OCZ’s assets under a chapter  … Read more

While the holiday season is filled with fun and relaxing time spent with family and friends, it can also become a time for stress and anxiety if you aren’t careful. Don’t let holiday spending and poor money management ruin your holiday season. Proper money management and smart fiscal decisions can keep you on track and  … Read more

Those familiar with bankruptcy law know that discharging student loan debt under Chapter 7 and Chapter 13 bankruptcy is quite difficult – but there are exceptions. If a person with student loan debt can prove ‘undue hardship,’ it is possible to wipeout or discharge the debt. What Constitutes Undue Hardship? The term undue hardship does  … Read more

This week in bankruptcy news: Mortgage lender, Residential Capital, wins its fight against bondholder objections during the continuation of its Chapter 11 filing. Meanwhile, Detroit faces further criticism through its debt relief efforts in Chapter 9. Read the full stories below: U.S. judge approves ResCap’s plan to end its bankruptcy 3 essential (and ignored) questions  … Read more

When negotiating with creditors on a debt settlement plan, it is important to keep certain things in mind. Your debt negotiation tactics will help determine whether your creditors will decide if it is prudent to settle your debt for less than you currently owe, and it can be tempting to paint your finances in the  … Read more

Chapter 7 Dallas bankruptcy is a powerful tool in the fight against debt. Many debtors have been able to use Chapter 7 to get a new start on their financial lives, relieving themselves of the burden of huge debt and starting anew. Here we have a quick rundown of some of the main benefits and  … Read more