Tip #1 - Make sure your business and personal finances are separate before you file bankruptcy. Take an effort to keep track of your business expenses and income while simultaneously keeping your private finances in order before you bankruptcy filing. Tip #2 - Work with an accountant if necessary to calculate what your monthly income [...]
Foreclosures in the Dallas-Fort Worth area rose again by 18 percent compared to last month's foreclosure filings. But compared to last year's foreclosure filings in the same month, the foreclosures increased by a whopping 37 percent. Many analysts believe that many foreclosures that were on hold at the end of 2009 are now being released [...]
Veoh, an online video sharing service plans to file for Chapter 7 bankruptcy and liquidate its business, according to the company's founder, Dmitry Shapiro. Shapiro posted a passionate open letter blaming a legal battle with Universal Music Group for the company's bankruptcy: "Two years ago, Universal Music Group (UMG), the largest music company in the [...]
Many debtors behind on both their mortgage and property taxes wonder if bankruptcy can be used to stop a property tax sale of their home. Bankruptcy Can be Used to Stop a Property Tax Sale Fortunately for debtors facing a property tax sale of their home, bankruptcy can be used to stop the sale if [...]
The Mosaic Building apartments in downtown Dallas is facing foreclosure. At least one of the building's lenders has filed foreclosure on a $63 million loan. Businesses and residents leasing in the building will not be impacted by the foreclosure. Hamilton Properties which owns Mosaic said that it has no plans to lay off employees and [...]
When it comes to bankruptcy there is a lot of misinformation floating around. Many debtors considering bankruptcy often listen to the half-truths and outright myths about bankruptcy instead of getting the truth from qualified sources. Let's take a look two of the most common myths out there about bankruptcy and get to the bottom of [...]
Penton Business Media Holdings Inc. filed for Chapter 11 bankruptcy protection in hopes that the company can reduce the large amount of debt it incurred when the company bought trade-magazine publisher Penton Media Inc. three years ago. Penton Business Media came to its bankruptcy decision after it became apparent it may not be able to [...]
Bankruptcy offers an opportunity at a fresh financial start of even the most indebted individuals. But how does a debtor ensure that their financial affairs remain in the "black" after a bankruptcy? Here are a few tips: Create A Budget - Whether you filed a Chapter 7 bankruptcy or a Chapter 13 bankruptcy, creating and [...]
Reverse mortgages have become a very popular method for seniors to get cash out of their home during this recession. But what do senior citizens need to know about reverse mortgages before they commit? While reverse mortgages are a "no recourse" loan, the heirs of the debtor may still lose the property (to foreclosure) if [...]
After the passing of the Credit Card Act, which will restrict credit card companies' ability to increase interest rates, amongst other things, the credit card industry took decisive action to soften the blow to their profits. Below are some of the changes you may see on your credit card in 2010: An annual fee. Since [...]