Latest on the Bankruptcy Blog

As the total amount of student loan debt continues to rise to unprecedented heights, many individuals have stepped forward with different ideas on how to fix the problem and reign in the debt. While the Obama administration did take steps towards loan forgiveness, the requirements are very narrow and have not appeared to lower the  … Read more

When getting your affairs, one naturally thinks about dividing up their property and assets and ensuring your life insurance is in order for your family and loved ones to be able to carry out your final wishes. What your family shouldn’t have to deal with is overdue payments and collection calls. While some debt goes  … Read more

When filing for bankruptcy, there are a number of costs that are involved, so we thought it prudent to take a look at all the fees involved to give individuals a concrete number. Since these fees can vary in certain situations, we’ll give an average range of what you can expect. The total cost of  … Read more

There are many situations in life that a leave us in financial ruin: a divorce, the loss of a job, an unexpected illness or injury, or perhaps even a combination of all three at the same time. Lucky, lawmakers a long time ago realized that these unexpected events can happen to anyone at anytime and  … Read more

You may be thinking: “I am legally able to get a free credit score once a year, right?” Well right, however, this report that you can get from the three credit rating agencies TransUnion, Experian, and Equifax, doesn’t’ actually show you the FICO score. It’s simply a report of every account that is listed on  … Read more

Often, individuals believe that bankruptcy is the best approach to relieving their debt problems. These people are also intimidated by the thought of filing, and while it is a complex and strenuous process it can be broken down into small steps to help better understand bankruptcy and to ensure that your case is not dismissed.  … Read more

Over 80 oil and gas companies have declared bankruptcy since the start of 2015, equating to roughly $54 billion dollars in debt. A recent report indicates that another 175 companies could be at high risk of going bankrupt as well. Oil companies and other large corporations commonly file a chapter 11 bankruptcy that allows them  … Read more

Some individuals may be under the impression that one can discharge student debt in a bankruptcy case, but this is untrue: student loans can’t be discharged in a bankruptcy case. Many wonder what makes this type of debt so much different from credit card or medical debt. With a national student loan debt amount totaling  … Read more