Latest on the Bankruptcy Blog

This week in bankruptcy news: Detroit files its Chapter 9 plan with creditors, and Flint, Michigan gives word it could soon follow suit. Read the full stories below: Detroit sends its plan out of bankruptcy to creditors Flint, Michigan emergency manager threatens to file for bankruptcy

Many people fear the status of their credit report after bankruptcy. In reality, there is nothing to fear and you may be pleasantly surprised to learn that your credit will actually improve after your Dallas bankruptcy case. Why? 1. Collections halted — when you file for bankruptcy your creditors will be notified and given notice  … Read more

It is no secret that the student loan industry has grown to epic proportions in recent years. With so many college hopefuls turning to private and subsidized loans just to cover the basic financing needs for a college education, the student loan lending industry has become extremely greedy. A recent study revealed that the federal  … Read more

Before you can file for Chapter 7 or Chapter 13 bankruptcy, you will be required to complete a credit counseling requirement. This requirement came about during the bankruptcy law changes in 2005, as part of the Bankruptcy Abuse Prevention and Consumer Protection Act. The reason for the credit counseling requirement is to provide consumers with  … Read more

If you are a college-educated American between the ages of 23-30, it is quite likely you have some amount of student loan debt still remaining on the books. The good news is that there are a few different ways to repay and negotiate debts. Here is a quick look at a few of the debt  … Read more

Vince Young was once a star quarterback for The University of Texas football team. After  a successful run in the NFL, Young has recently found himself upside down in his financial  profile. Hoping to regain some control, he filed for Chapter 11 bankruptcy protection. Financial Playbook Entering the Texas bankruptcy system with debt liabilities ranging  … Read more

This week in bankruptcy news: A Virginia newpaper filed for Chapter 11 bankruptcy, ending the company’s 130 year family owned reign in ownership. Former NFL quarterback, Vince Young, files a case in Texas bankruptcy court hoping to resolve liabilities that outweigh is current assets. Read the full stories below: The Free Lance-Star files for bankruptcy  … Read more

After filing for foreclosure, it is important to understand the effects it will have on your credit score and future financial situation. While you won’t be knocked down forever, a foreclosure will put a pretty serious dent in your score. Speaking to a financial adviser can go a long way in helping you understand and  … Read more

As any Fort Worth bankruptcy attorney will tell you, there are a number of bankruptcy myths circulating around the internet and corner street cafes. For those considering filing, it is important to understand what is fact and what is fiction. 1) Everyone Will Know I Filed for Bankruptcy Because of the mainstream media and plethora  … Read more

Filing for bankruptcy is a great opportunity for many people to start a better financial future, but there is also a time for waiting and watching. If you believe bankruptcy is in your future, but aren’t sure of when to file, make sure you seek advice and pursue it in the proper timing. When to  … Read more