Why Mortgage Modifications Sometimes Lead To Bankruptcy

Mortgage Modifications and Bankruptcy The foreclosure prevention programs created by the government and nearly ignored by the mortgage industry were supposed to save millions of Americans' homes.  But several years later we are in the same foreclosure mess we started with.  A matter of fact, a disproportionate number of homeowners with mortgage modifications end up [...]

By |2017-12-13T00:56:41-06:00September 1st, 2011|Foreclosures|Comments Off on Why Mortgage Modifications Sometimes Lead To Bankruptcy

Why Michael Vick’s Bankruptcy Plan Is Still A Good Deal

There's been lots of handwringing and gaping mouths since it was "discovered" that a large portion of Michael Vick's new contract of $40 million will go to his bankruptcy estate to pay creditors.  While it may seem that the bankruptcy payout is an unfair deal, the reality is that without bankruptcy Michael Vick could face [...]

By |2017-12-13T00:51:33-06:00August 31st, 2011|High-Profile Bankruptcies|Comments Off on Why Michael Vick’s Bankruptcy Plan Is Still A Good Deal

Consistently High Unemployment Adds To Nations Woes

The Labor Department reports that there are officially 13 million Americans out of work; but if you were to count those who have given up on finding a job unemployment numbers would rise even higher. One of the ironic effects of high unemployment has been that fewer Americans are using credit cards. The decline in [...]

By |2018-11-08T23:35:12-06:00August 31st, 2011|Unemployment - Job Loss|Comments Off on Consistently High Unemployment Adds To Nations Woes

Unjust Enrichment’s Impact On Your Bankruptcy

Bankruptcy and Unjust Enrichment Debts which are incurred because of unjust enrichment cannot be discharged in bankruptcy. Unjust enrichment is when one party gains an unearned benefit at another party's expense. The bankruptcy court demands that the debtor who unjustly gained the benefit, reimburse the party who was harmed. For example, if a debtor took [...]

By |2017-12-13T03:05:44-06:00August 30th, 2011|Bankruptcy|Comments Off on Unjust Enrichment’s Impact On Your Bankruptcy

Should You Bring Up Your Bankruptcy During A Job Interview?

Brining Up Bankruptcy During a Job Interview Many debtors filing bankruptcy worry about how potential employers will view their bankruptcy filing. The truth is that the vast majority of employers probably won't care. Bankruptcy has become very common and companies are more educated about why many debtors need to file bankruptcy. However, there may be some [...]

By |2017-12-13T03:05:34-06:00August 30th, 2011|Bankruptcy|Comments Off on Should You Bring Up Your Bankruptcy During A Job Interview?

What To Do When A Creditor Decides To Sue

Being Sued by a Creditor? Now that the amount of delinquencies and defaults are on the rise, many creditors are using lawsuits more frequently to collect debts.  What should a debtor do if they receive notice of a creditor lawsuit filed against them? Below are few tips: Tip #1:  Don't panic.  Lawsuits filed by creditors [...]

By |2017-12-13T02:14:44-06:00August 29th, 2011|Credit and Bankruptcy|Comments Off on What To Do When A Creditor Decides To Sue

Post-Bankruptcy Survival: Protecting Yourself From The “New” Payday Loan

Protecting Yourself From The "New" Payday Loan Due to the lack of conventional credit access right after your bankruptcy discharge, you may be tempted to take on short-term loans with high interest rates. Most post-bankruptcy debtors already know about the dangers of predatory payday loans; but what about the new and "improved" versions of payday [...]

By |2018-11-07T22:46:36-06:00August 29th, 2011|Pay Day Loans|Comments Off on Post-Bankruptcy Survival: Protecting Yourself From The “New” Payday Loan

Will I Still Owe Some Debts After Bankruptcy?

Depending on the type of debt you owe, some debts might survive the bankruptcy discharge. In both Chapter 7 bankruptcy and Chapter 13 bankruptcy some unsecured debts may be discharged but secured and nondischargeable debts may still exist after your case is closed. Below are a list of some debts that may survive the bankruptcy [...]

By |2017-12-13T03:06:02-06:00August 26th, 2011|Bankruptcy|Comments Off on Will I Still Owe Some Debts After Bankruptcy?

Protecting Yourself From Fraud Charges In Bankruptcy

Fraud Charges In Bankruptcy Charges of fraud are becoming a popular creditor tactic now that the number of delinquencies and defaults are on the rise.  If a creditor can convince the bankruptcy court that a debtor engaged in fraud, the debtor's bankruptcy case can be dismissed.  But debtor's facing fraud charges shouldn't panic, dismissing a [...]

By |2017-12-13T03:05:53-06:00August 26th, 2011|Bankruptcy|Comments Off on Protecting Yourself From Fraud Charges In Bankruptcy

Should Fans Have A Say In Dodgers’ Bankruptcy?

The children of Frank Sinatra, a long-time Dodgers fan who has held season tickets for his family since 1958, have filed an official request with the bankruptcy court asking that they and other season ticketholders be allowed to form an official committee in the bankruptcy case. Nancy, Frank Jr. and Tina Sinatra and the other ticket [...]

By |2018-11-16T19:18:29-06:00August 25th, 2011|High-Profile Bankruptcies|Comments Off on Should Fans Have A Say In Dodgers’ Bankruptcy?
Go to Top