Latest on the Bankruptcy Blog

If you are one of 9 million homeowners underwater or behind on mortgage payments you are likely grappling with the decision of how to resolve financial hardship and keep your home. Luckily, there are options to help.  Here are a few ways to avoid losing your home to foreclosure: Short sale — one solution for  … Read more

If you are dealing with a financial hardship preventing you from making your debt payments you are likely to experience the harassing calls of a debt collector. While they do have some rights in contacting you to collect on a debt, there are many practices that are prohibited. Here are a few of the most  … Read more

The Social Security Administration has a lot to juggle within the system including reviewing/ approving/denying applications, making sure beneficiaries get paid, and even collection on debts resulting from overpayments. What makes the debt collection portion of the SSA confusing is that much of these alleged debts are from overpayments that happened years ago. Stop The  … Read more

It is no secret that General Motors is in some hot water over the recent recall for faulty ignition switches. After allegations that GM knew about the problem long before their 2009 bankruptcy trial, the company now  must beg the court to uphold an order dividing up lawsuits. The Hot Seat A  motion filed in  … Read more

A young woman has decided to take her student loan debt by the  horns and has come up with an innovative way to help her pursue her career passion.  Where did she turn? The internet. Crowdfunding After racking up thousands to pursue a philosophy major at Christendom College, Mary Beth Baker is now making arrangements  … Read more

In the height of the student loan debt crisis it is becoming more important than ever before to prepare our younger kids for the costs of their college futures. As with any aspect of finance teaching kids about money and debt at a young age can prevent them from becoming costly money managers. Here are  … Read more

The tax filing deadline is rapidly approaching and most of us are still scrambling to get our paperwork together and complete our return. While most of us think we are doing a good job maximizing our deductions and reducing our tax liability, the fact is that a large portion of people will miss some key  … Read more

As if the rapid growth in the student loan debt industry wasn’t already wreaking havoc on the wallets of graduates, a new study suggests that the growth rate and loan balance is growing the fastest among graduate level degrees.   The loan debt balance jumped by 70% for master’s degrees since 2004 alone. Higher Education, Higher  … Read more

The recall of some 1.6 million vehicles last month has the eyes of authorities all over the potential  mishandling of problems by GM. This week, authorities are now taking a closer look as to whether GMs actions could spiral from negligence into bankruptcy fraud. Suspicions Over The Switch GM recalled over a million and a  … Read more