Whether citing corruption, mismanagement, depopulation, the plight of the American auto industry, income inequality, or any of a host of other explanations, the bottom line for Detroit has been a financial catastrophe and...
This week in bankruptcy news: an antitrust lawsuit delays American Airlines’ bankruptcy exit through merger with US Airways; and Detroit’s Chapter 9 case meets more opposition as employee pension funds object to...
New data shows promising trends in California, where the foreclosure rate is down to its lowest in years. According to information from data bureau DataQuick, the rate of foreclosure starts (the first step in the foreclosure...
Medical debt has outpaced credit card debt and unpaid mortgages as the leading cause of filing for bankruptcy in the United States. According to the latest surveys, nearly two million people are expected to file for...
In today’s erratic housing market, many homeowners are finding themselves saddled with mortgages they simply can no longer afford. If you find yourself in a situation in which your mortgage payment is threatening your...
