Available Options for Keeping Your Home

If you’re at risk for losing your home because of inability to pay, know that there are options for you to keep your home. Available Options for Keeping Your Home Being at risk for foreclosure can be one of the most devastating things a homeowner could face. Regardless of why you might not be able […]

When is Bankruptcy a Good Thing?

You’ve always been told that bankruptcy is a bad thing, and that it can take years to recover. But a lot of times, bankruptcy can be just what you need for financial recovery. When is Bankruptcy a Good Thing? While it’s true that filing for Chapter 13 or Chapter 7 bankruptcy has its downfall – it […]

Health Care Is Bankrupting The Nation

We know this: medical bills add up fast. A simple operation can cost a family thousands, and even push them into bankruptcy. In fact, in a study recently released by The Balance.com, health care costs are the #1 cause of bankruptcy for America’s families. Health Care Is Bankrupting The Nation The cost of health care is […]

Final Chapter for American Apparel

American Apparel has begun the process of laying off its workers following its much-publicized bankruptcy — kicking off its final chapter as the country’s largest garment maker. Final Chapter for American Apparel This last week, the country’s once largest garment maker, began to lay off 2,400 workers in Southern California. The layoffs will continue through […]

Foreclosure At a 10-Year Low

According to a report by ATTOM Data Solutions, formerly called RealtyTrac, foreclosures have hit a 10-year low. Additionally, property owners in all but 15 of 50 states have experienced fewer of the early stages of foreclosure. Foreclosure At a 10-Year Low Foreclosure is a series of events during which a lender attempts to recover the […]

Avaya Files for Chapter 11 Protection

Avaya Inc. has filed for chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York. The company’s products cover communication and messaging, video conferencing, call center, networking, and software and services. In its announcement, the company said it has secured a committed $725 million debtor-in-possession loan underwritten by Citibank. “We […]

Facing Foreclosure Because of Bankruptcy?

Foreclosure as the result of job loss, medical bills, or declaring bankruptcy is a frightening thing to face. But there are things you can do to avoid it. What is Foreclosure? Foreclosure is a series of events during which a lender attempts to recover the balance of a loan from a borrower who is unable to […]

Bankruptcy Terminology

If you’re facing bankruptcy, it’s already a confusing time. Even more confusing is the terminology that goes hand in hand with understanding bankruptcy law. Below we outline some of the more common terms that you will come across and need to understand. Understanding Bankruptcy Terminology Assets are every form of property that a debtor owns. These […]

Bankruptcy Timing

If you have already decided that you need to file for bankruptcy, the next question you should ask yourself is “when?” While you might feel that you need to file ASAP, in some situations, it actually makes sense to wait a little bit before you file Chapter 7 or Chapter 13 bankruptcy. Chapter 7 and […]

Amy Schumer Buys Back the Farm Her Father Lost to Bankruptcy

Just this week comedienne Amy Schumer posted this note to her Instagram “Today I bought my father’s farm back.” When Amy was nine her family filed for bankruptcy and lost the farm in the process. If you are struggling with bankruptcy or foreclosure, it’s important to remember that you can move on after it. Amy Schumer […]