Latest on the Bankruptcy Blog

This week in bankruptcy news: Dish network backs out of their buyout bid for LightSquared, Detroit pension leaders fight for quick appeal in the decision that leaves pension payments out to dry, and the city of Phoenix sees a continued decline in the number of bankruptcy filings for the 5th straight year. Read the full  … Read more

For underwater homeowners, a short sale may be the best option available. When an individual owes more on a house than it is worth, a short sale allows that person to sell the house and give the proceeds to the lender to satisfy the debt. The remaining amount is then discharged and the two parties  … Read more

Filing for bankruptcy can be a wonderful opportunity for an individual to put financial troubles in the past and start building for future success. But it is important for you to make sure you contract the services of a capable bankruptcy lawyer to deal with your specific situation and needs. Here is a quick look  … Read more

Contrary to popular belief, it is possible to apply for and receive another mortgage after filing for Fort Worth bankruptcy. But it is important to understand the proper way of going about the process. Chapter 7 bankruptcy requires the debtor to completely discharge the debt before applying for a new mortgage. Chapter 13 bankruptcy allows  … Read more

Signed into law in April of 2005, the Bankruptcy Reform Act of 2005 was created in order to reduce the amount of people filing for bankruptcy. The new act has had profound effects on the financial landscape in America, and many of the changes have forever altered the bankruptcy process. Three of the biggest parts  … Read more

Did you know that student loan debt is the fastest growing debt category in the country? In fact, student loan debts are growing at a rate ten times faster than credit card debt. A new study conducted by the Consumer Financial Protection Bureau reports that there are approximately 37 million Americans with student loan debt.  … Read more

Refinancing your home mortgage can be a wonderful opportunity to take advantage of a variety of different things. Many people refinance in order to avoid foreclosure, get a lower interest rate, or extend the term of the loan. If refinancing your home is in your future, you may want to take a look at some  … Read more

This week in bankruptcy news: another airline flies into financial help under the bankruptcy code and a hybrid car manufacturer plays hardball with potentials over their bankruptcy buyout. Read the full stories below: Evergreen Air Files Bankruptcy After Push For Payment Fisker seeks rejection of Chinese suitor it blames for its bankruptcy

If possible, it is always advisable to seek out the services of a foreclosure attorney when going through the process. A foreclosure attorney has been through hundreds, or even thousands, of foreclosures in a career and can help you in ways you never even thought possible. But choosing the right foreclosure attorney can be a  … Read more

When filing for Dallas bankruptcy, everyone seems to be an expert or guru. But with so many pieces of advice being thrown at you, who do you believe? Well here is a news flash: not everything you hear is true. In fact, a large majority of the information you read on internet message boards or  … Read more