Latest on the Bankruptcy Blog

Many times family members are bequeathed a home from their parents. In some cases there is dissention amongst the benefactors as to what should be done with the home. Then one of the new owners goes into bankruptcy, and all of a sudden this house that they are part owner of is now part of  … Read more

A hardship discharge is something that can take place in a Chapter 13 Bankruptcy. When this happens it means that the courts have decided to approve an early discharge rather than what was scheduled. In this case the debtor needs to petition the court for this on the grounds of undue hardship. This means that  … Read more

It is not unusual for many people who have gone through a bankruptcy to give up their home. It may be that they had to relinquish their apartment because of arrears. Or, in some cases even home owners who have no equity in their home will give it up because the mortgage payments are too  … Read more

The whole purpose of bankruptcy is to bring financial relief to individuals who have no other options available to them. It is not designed to increase their hardship. For those with disabilities they can easily end up in a dire financial situation. Most often they are on a limited income. Then they frequently get hit  … Read more