Ally Financial has been working to keep its mortgage unit out of bankruptcy for the past few months. Formerly GMAC, Ally bank offers an array of products from retirement accounts, to mortgages and car loans. Having suffered...
Part of the stipulations involved in filing for bankruptcy is that debtors complete a credit counseling course. One of the topics covered in this course are a review of all debt relief options, including those outside of...
After several years of financial turmoil and a credit downgrade in 2005, things are looking up for Ford Motor Co. Unlike its rivals Chrysler and GM, Ford was able to avoid bankruptcy a few years back by taking out a massive...
One of the great things about the bankruptcy process is the legal help and intervention involved in the process. Legal protection from creditors, help negotiating and resolving debts and the ability to fend of foreclosure or...
The filing process is not something people jump to quickly when attempting to resolve their debts. With so much to consider, bankruptcy is generally the last thought from anyone’s mind. However, bankruptcy offers two...
