As it stands, a full 62 percent of all bankruptcy filings in this country are caused by medical bills.

In a recent reversal of a bankruptcy judge’s decision on what he defined as “fraudulent transfers” the bankruptcy court found that judge was in error.

The true face of bankruptcy is NOT the former millionaire turned fraudster or slickster, it is the ordinary people in our society who have run into a bit of bad luck and misfortune.

In a recent Chapter 11 bankruptcy filing here in Texas a debtor’s bankruptcy discharge was challenged after the debtor failed to list a creditor on their bankruptcy petition.

Some are suggesting that debtors skip the expense of working with a bankruptcy attorney and do a DIY bankruptcy filing Pro Se.

Under most state laws a business is not allowed to assert an action or claim against someone in another state if it the action/claim arises for a transaction for which they are not properly registered with the state. This often arises in the case where lenders are not licensed to grant home equity loans in a certain state.

We’ve heard about the “robo-signing” debacle; but now a new species of homeowner is being devoured by the mortgage industry’s quick-and-dirty foreclosure machine.  Homeowners who are current on their mortgage payments and even those who don’t have a mortgage are finding themselves swept up in the foreclosure vortex which has destroyed the finances of so [...]

In the wake of a tidal wave of home foreclosures due to the sinking economy, some experts expect that Congress will have no choice but to take up bankruptcy reform this year.

The downer economy is continuing to push home foreclosures and consumer bankruptcies upward.

Families struggle after foreclosure, bankruptcy could have been a better option