Filing for bankruptcy used to carry a stigma of being only for those who mismanaged their money. However, as economic pressures mount and unexpected life situations arise, the need for bankruptcy can arise for anyone and...
In 2007, the Mortgage Debt Forgiveness Relief Act was implemented allowing for homeowners to exempt forgiven debts from being taxable as income. This bill is set to expire at the end of 2012, which could pose some problems...
The mortgage lending industry has struggled to retain profitability throughout the foreclosure crisis. Although their role in the overall problem has lead to serious consequences for homeowners, most of it was driven by...
The hits just keep on coming in the American Airlines bankruptcy case. As one of the most followed Chapter 11 cases in history, the company has been making some controversial moves. After recent news broke about 13,000 job...
If you are in the position of needing bankruptcy protection you are most likely experiencing financial strain. While bankruptcy can provide relief from debts and resolve financial pressure, it is often assumed to be...
