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Homeowners with mortgages that are backed by Fannie Mae and Freddie Mac may soon be receiving help on their mortgage payments. For those borrowers who are 90 days behind, a new effort called the Streamlined Modification...

Historic. Unprecedented. Ginormous. Jefferson County in Alabama has just filed a 101-page plan in an attempt to cut the county’s $4.2 billion debt by over $1.2 billion, thereby exiting the largest municipal bankruptcy in...

This week in bankruptcy news: The technology age has pushed another industry into financial insolvency. Suffering a continued drop in demand for printed textbooks, publishing mogul Cengage Learning Inc. filed for Chapter 11...

Despite recent headlines hailing the economic recovery, many homeowners are still feeling a financial pinch. In fact, it’s still not uncommon for a homeowner to find that his or her home is underwater. If you’re...

Though many people could strengthen their financial portfolio by filing for bankruptcy, they keep making excuses to avoid the bankruptcy process. Whether it’s unfounded myths or concern over social stigma, many Americans...