The Bankruptcy Blog: Bankruptcy

Home -> Law Blog Directory -> Bankruptcy Blogs

OR PHONE (866) 635-1838 for Bankruptcy Help, (866) 635-6190 for Divorce,
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense

Find a Local Lawyer

Bankruptcy (866) 635-1838
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402

Bankruptcy

The Bankruptcy Blog

Educates consumers on bankruptcy laws.
By Total Bankruptcy.

Post Frequency: 5.8/day

Last Entry: March 28, 2011 at 12:14:25

Credit Card Scam Alert: Unsolicited Calls from Machines

Posted on June 25, 2009
Receiving telemarketing calls can be annoying, but receiving unsolicited calls from non-human callers is even worse. And, according to this recent report from MSNBC, one scam currently plaguing the U.S. and Canada could cost you significant money. The Promise: Lower Interest Rates Apparently, these calls work by alerting you that nothing is wrong with your credit card [...

Debt Relief Company Files for Bankruptcy

Posted on June 24, 2009
In a headline that seems so ironic it hurts: Texas based Debt Relief USA is filing for bankruptcy. We talk sometimes about the differences between debt relief and bankruptcy, but ths news, as reported by the Dallas Morning News, makes the contrast stark...

The Case For Bankruptcy Lawyers

Posted on June 23, 2009
Rick Bloom, a financial advisor and columnist with the Detroit-area Observer & Eccentric, had some direct and stern words for a reader that recently wrote in and asked if he should represent himself when fiilng bankruptcy. The reader was concerned about the bankruptcy lawyer’s fees...

Your Second Mortgage Debt Could be Dismissed

Posted on June 22, 2009
What type of debt you have can make a big difference in how bankruptcy can affect your debt. Generally speaking, unsecured debt is more likely to be dismissed - that is, retired completely - than secured debt. And, your debt is usually either secured or unsecured, one or the other...

To access this complete feed in the blog feed reader login or register for free.

One Wild Ride: Six Flags Now Filing Bankruptcy

Posted on June 19, 2009
Weighed down by old debt, Six Flags, owner of amusement parks across the country, has filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Wilmington, Delaware. The company listed assets of $3 billion and debt of $2.4 billion as of the end of 2008, according to Forbes...

Defending the ?Little Guy? ~ Obama Proposing New Consumer Protection Agency

Posted on June 19, 2009
This could be good news for consumers: President Obama is reportedly poised to proposed a new group to improve consumer protection in the United States. The group, called the Consumer Financial Protection Agency (CFPA), could provide an exciting variety of regulations and protections for Americans...

CBS Takes on Bankruptcy Myths

Posted on June 18, 2009
CBS 2 in New York City recently took a look at bankruptcy, and addressed some of the myths surrounding filing bankruptcy. With personal bankruptcy filings on the rise, it’s a timely topic. But, it could be a life-changing report if you are struggling with debt, but have hesitations about filing...

Bankruptcy Committee Chair: More Bankruptcy Judges Needed

Posted on June 16, 2009
The Washington Post reports today that Barbara Lynn, chair of the bankruptcy committee of the Judicial Conference of the United States, recommended to congress that more bankruptcy judges are needed to handle the growing number of bankruptcy cases. Her testimony included some interesting fast-facts about bankruptcy in the U...

Consumer Credit Fairness Act = Hope for Low-Interest Loans?

Posted on June 15, 2009
As too many Americans know, loans with monstrous interest rates can lead to what seems like endless rounds of debt and bills. And, in some cases, excessive interest rates can push struggling consumers to file bankruptcy. The ?Consumer Credit Fairness Act,? a bill now before the Senate Judiciary Committee, would give consumers a little help for dealing [...

Can You Get Money from Your Car? Cash for Clunkers Bills in Congress

Posted on June 12, 2009
In yet another attempt to stimulate the flagging economy, both the Senate and the House are considering what are being called Cash for Clunkers bills ? in other words, legislation that would give consumers cash rebates for trading in gas-guzzling vehicles for new, fuel-efficient models...

Debt Problems? You Are Not Alone

Posted on June 10, 2009
Perhaps the most difficult aspect of trying to get control of your debt can be the stress and fear. Many people - even people who come into debt through no fault of their own, through unexpected illness, injury, job loss or even tricky credit cards - feel shame at their debt...

Consider Yourself Lucky to Have the Bankruptcy Option

Posted on June 08, 2009
When times get tough, it?s easy to bemoan your difficult circumstances, but sometimes it?s more helpful to remember that things could be a lot worse. I?m not being cynical here, I just think it?s worthwhile to consider how lucky we American debtors are to have the option of filing for bankruptcy to eliminate our debts...

Saving Money ? Are You Doing it Right?

Posted on June 06, 2009
Whether you?re recovering from bankruptcy or just trying to save money like the rest of us, you?re probably familiar with basic budgeting techniques: know what you make, examine how you spend your money, spend less than you earn, etc. But are you doing it right?� Examine these tested money-saving tips: Know the sellers? tricks...

Expensive Scams & How to Avoid Them

Posted on June 05, 2009
Day to day life demands enough of your hard-earned money: between bills, food costs, and unexpected expenses - sickness, injury, Grandma?s 80th blowout bash ? - many people like they have a leak in their checking accounts already. So scams and schemes that drain your funds without giving you anything in return should be avoided [...

Medical Bills and Bankruptcy

Posted on June 04, 2009
The LA Times reports today on a Harvard study that shows medical bills played a role in 62 percent of all bankruptcies filed in 2007, a seven percent increase compared with 2001. What’s more, many of the people who filed bankruptcy due to overwhelming medical bills had health insurance...

Largest Bankruptcy Filings of the Last 30 Years

Posted on June 04, 2009
Don’t tell my boss I told you, but Sporcle.com is a great site. Each day they post fun and challenging quizzes on every topic imaginable: Video games, soccer players, historical city populations. So of course, bankruptcy had their day recently with this challenge: Can you name the largest U...

Student Loan Forgiveness Programs at Risk?

Posted on June 03, 2009
It seems like every day there?s a new area of the economy hurt by the current recession. Unfortunately, today?s no exception. A recent report in the New York Times suggests that student loan forgiveness programs may be in danger of diminishing, which could be bad news for the country...

Energy Bills Don?t Have to Rise with Temperatures

Posted on June 02, 2009
If it’s after Memorial Day that means we can start talking about summer weather, right? (I say this even though it’s cold and rainy in Chicago right now. So as temperatures do, eventually, start to warm up, it?s time to start thinking about ways to keep your temperature and your energy bills down...

Ex-Chicago Bull Bankrupt, Sells Championship Rings

Posted on May 31, 2009
Not so long ago, Randy Brown was a part of the most dominant force in basketball. Brown, recently dismissed as an assistant coach of the Sacramento Kings, played guard for the ?96, ?97 and ?98 Chicago Bulls. Those Bulls teams won consecutive championships, due largely to a legendary starting lineup that included Michael Jordan, Scottie Pippen and [...

How We?re Coping with the Recession

Posted on May 29, 2009
By now, you?ve probably heard classic advice on how to survive a recession: buy generic, pare extra costs, focus on necessities … But are we actually taking the advice pouring at us from so many news outlets? According to a recent article in USA Today, we are...

Save Money on Your Credit Card Bills With Your Phone

Posted on May 28, 2009
Financially speaking, being ?average? in this country means hefting around a fair amount of debt. According to some sources, the average American household has $8,000 in credit card debt alone. And some experts warn that that figure might be misleading because many people carry no debt on their plastic, meaning that those with any debt [...

Needing a Summer Job? Try These Tips

Posted on May 28, 2009
Unless you?ve been living underground for the past year or so, you probably know that now is generally a tough time to be hunting for a job. But that doesn?t mean �you should give up without trying to find a source of income�in the off-season. Finding a job may not be easy this summer, but here [...

Disney Hops on Financial Literacy Train

Posted on May 27, 2009
Disney has teamed up with T. Rowe Price to create an exhibit that helps kids (ages 8 ? 14) develop basic financial literacy skills ? because we all know how much fun diversifying our portfolios can be. The exhibit, which is located in Epcot, reportedly allows kids to earn currency for their piggy banks through games...

Thrifty Tips Now Hip as Recession Lingers

Posted on May 27, 2009
In some aspects, it could be considered a great time for folks who just filed�bankruptcy: with the economy in the worst recession in recent memory, it?s suddenly cool to be thrifty . Here?s a look at some traditional post-bankruptcy wisdom that?s seeing new life in the down economy...

Credit Card Borrowing Is Down ? Are You Getting the Benefits?

Posted on May 26, 2009
Americans cut back on our credit card borrowing in February by $7.5 billion dollars, which was apparently more than the money mavens on Wall Street expected, according to a recent Wall Street Journal article. February?s decline marked the fourth in the last sixth months, which could mean either we?re collectively tightening our belts (yea!) or we?re [...

New Credit Card Law Just Passed ~ Why It Matters to You

Posted on May 26, 2009
President Obama signed into law the Credit Card Accountability Responsibility and Disclosure Act of 2009 on May 22, a sort of ?Bill of Rights? for credit cardholders that?s been in the works for some time. Keeping with his campaign-style messages of individual responsibility, Obama reportedly called on both consumers and credit card issuers to act responsibly [...

New Techniques for Preventing Identity Theft?

Posted on May 24, 2009
Identity theft is a crime that occurs when someone uses another person?s identification information to make credit transactions. The severity and specifics of identity crimes vary from case to case, but identity theft victims often face frustrating (if not devastating) setbacks to their credit...

The Impact of Credit Card Regulations

Posted on May 21, 2009
Earlier this week we reported on the new credit card regulations passed by the Senate that could be signed in to law as early as Memorial Day. This is good news for consumers tired of seeing their rates jacked for no reason and with no notice. Many banks and credit card companies cried and complained, saying [...

Student Loans After Graduation

Posted on May 21, 2009
For many recent college graduates in the United States, the party is over (or nearly over) and life in the ?real world? is about to begin. Thanks to historically high education costs and the struggling economy, graduates across the country are likely worried about paying off education loans...

10 Ways to Recession-Proof Your Job

Posted on May 20, 2009
These days, having to get up for work every morning may seem a little less of a drudgery ~ with unemployment rates steadily creeping upward, many of us are just happy to be employed. And, while there?s no failsafe way to ensure that your company won?t cut your job, there are some techniques to improve your [...

Previous | Next

Related Law Bulletins

New Baptist Covenant Blog
Last week, I pointed to the New Baptist Convenant website, now onl...

The Mexico Trucker Blog
I've written before about the perceived problems with relaxed rest...

Developments in Portland and Spokane Catholic Church Bankruptcy Cases
On April 17, U.S. Bankruptcy Judge Elizabeth Perris formally appro...