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

This Week in the U.S. Economy: Bernanke Second Term, Consumer Confidence & Home Prices Rise

Posted on August 26, 2009
The past seven days have been fairly significant for the United States, economy-wise. Here?s a brief summary of three major stories you should know about. Ben Bernanke: Nominated for a Second Term President Obama took a break from his vacation on Tuesday to announce his re-nomination of Benjamin Bernanke as Federal Reserve Chairman...

Bankruptcy and the Bread Aisle

Posted on August 25, 2009
Even families that are particularly struggling in the current economy are still buying bread. It’s the most basic kitchen staple. And how much you pay for that bread is being impacted by the rest of economic happenings. A major bread market player decided to file bankruptcy recently in order to reorganize and offer their loaves at [...

The Latest in Consumer Protection: Victory for Homeowners

Posted on August 23, 2009
The Fair Trade Commission, the government?s consumer protection arm, basically functions to make sure consumer protection laws are enforced ? and we the people aren?t scammed by savvy corporations trying to get around the rules. Here?s the latest ways we?re being protected: Mortgage Company Agrees to Fine for Violating Opt-Out Notice Rule Metropolitan Home Mortgage, Inc...

The Economy: Where Are We At? Unemployment Spikes Again

Posted on August 21, 2009
Just when it seems our financial trouble is on the mend, it seems the long arm of despair has grabbed hold of more unassuming citizens. In a two-week period that started with 48,000 new jobs created and ended with 15,000 new unemployment claims, it?s dizzying to try and make sense of what is happening...

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

Old Bankruptcy Stigma Dropping Off As Celebs Turn to Filing Bankruptcy

Posted on August 20, 2009
Bankruptcy in its simplest form is a recovery and relief task meant to heal and reprise a business or person back to a baseline stable for success. The problem is it carries such an emblem of failure that when the term is used, most often the person does so through lowered eyes and sunken shoulders...

Bankruptcies Expected to Hit 1.4 Million for 2009

Posted on August 19, 2009
All those who think the economy is on the mend and those in jeopardy of bankruptcy can take a breath of relief, please raise your hands � ?�� no one? Well, you would be correct. Even though there are statements by our current administration that the economy is showing clear signs of recovery, there is still the [...

French Woman?s ?Bad Joke? to Creditors, Leaves Her Behind Bars

Posted on August 17, 2009
In the small town of Bourges, France just east of Nevers, there is a woman who found herself deep in the throngs of debt with no relief in sight. Close to complete desolation and with only a small bite of hope left, Marie Adney decided to take on her creditors with what she thought was a [...

Tipping Points: Why You Still Have to Give During a Recession

Posted on August 16, 2009
I know we?re all pinched for money right now; but that’s no excuse to skimp on gratuities for the people serving us. For those of us who aren?t in an industry that involves receiving tips, here are some basics about tipping ? and how you can budget it into your life...

Study: More Complaints About Debt Collectors - Protect Yourself from Creditors

Posted on August 13, 2009
A new survey by the Consumer Federation of America and two other consumer protection groups shows that consumer complaints about debt collection are growing at the same time that resources available to address these complaints are diminishing. The Findings: Complaints Increase, Funds Shrink The survey, which examined 34 state, city and county agencies from 19 states, found [...

Another ?Foreclosure Wave? to Come? Are We Even Off the First Wave?

Posted on August 12, 2009
With conversations swaying toward the July decrease in unemployment numbers and the excitement over the prospect of a teeter toward recovery, there is one major aspect to our current financial plight that’s lacking in coverage: foreclosure. When foreclosure is brought up, it’s mostly talked about as though we have rode the first and mightiest of the [...

July Drop in Unemployment May Sound Good, But Meaningful Job Relief May Not Come Until 2013

Posted on August 11, 2009
Is the economy on the mend or is it spurting with a moment of promise to only fall back again? Only history will tell us; but, in a sign of resurgence and promise last Friday, ABCnews.com released a story highlighting the drop in unemployment with the headline: ?247,000 Jobs Lost in July as Unemployment Rate Drops [...

Reclaim Your Credit: What to Do When Your Credit Shrinks

Posted on August 10, 2009
As you may already know, credit card companies are responding to the recent passage of the Credit Cardholders? Bill of Rights by slashing limits, raising interest rates and even closing cards for many customers. Here?s what you can do if one of your card issuers gives your account the ax (or even the pruning shears)...

Why So Few Home Loans Have Been Modified

Posted on August 09, 2009
Since the collapse of the housing market in late 2007, leaders, policymakers and financial experts have been looking for a solution to the nation?s mortgage-based financial woes. Despite economic incentives from the federal government, though, few mortgage lenders have offered the loan modifications necessary to keep borrowers away from foreclosure...

Watch out for the Door-to-Door Magazine Scam

Posted on August 08, 2009
The Better Business Bureau has recently warned about a door-to-door magazine sales scam affecting many areas of the country. What You?ll See The report indicates that the scam includes these elements: High-school and college-age individuals traveling around neighborhoods offering subscriptions to various magazines...

Why 38,000 People Finding Jobs in a Week Matters to Us (Think 237,500 Happy Meals?)

Posted on August 07, 2009
The Department of Labor reported that the weekly unemployment insurance claims fell from 588,000 to 550,000 in one week. That means 38,000 people either did not claim unemployment or they found a job. What Jobs Mean to Our Economy If 38,000 people actually found work last week, that would be equal to the entire town of Coppell, Texas [...

Are You Responsible for the Debt of a Deceased Relative? Beware of Vulcans

Posted on August 06, 2009
When a dear family member dies, the last thing you want to think about is money ? unfortunately, financial problems arise sometimes. Besides funeral and burial costs, you may be forced to deal with the unpleasant question of financial obligations your loved one left unpaid...

Sotomayor Confirmed for Supreme Court; Bankruptcy Impact

Posted on August 06, 2009
Judge Sonia Sotomayor made history today when she fully approved by congress to serve on the US Supreme Court. Judge Sotomayor will become the first Hispanic and only the third woman to ever serve on the country’s highest court. Her legacy and impact on the court have yet to be determined, but it’s possible that she could [...

Treasury Secretary Has Good News; but Tax Increases to Come?

Posted on August 05, 2009
According to the Treasury Secretary, the United States? economy has pulled away from the edge of collapse. Timothy Geithner made this evaluation after watching a week of positive economic indicators, according to CNN.com, and he believes the country can expect continued economic improvement for the rest of 2009...

Famed Photographer Annie Leibovitz Defaults on $24 Million Loan

Posted on August 04, 2009
When she needed money for personal and professional projects, famed photographer Annie Leibovitz did what many people do: She took out a loan. Only this loan was for more than $24 million and she put up a decades’ worth of her artwork, along with her Greenwich Village townhouses, as collateral to the Art Capital Group, a [...

Financial Update: Three Things You Need to Know Right Now

Posted on August 03, 2009
It?s a fast-paced world out there and it may seem like things change too quickly to keep track of. Here are three important updates to help you stay on top of your finances: 1. Big-Time False Charges on Credit Cards Credit.com reports that two customers in recent months were charged $23 quadrillion for [...

FTC Announces Plan to Help Distressed Homeowners

Posted on August 02, 2009
Unfortunately, some people have seen the abysmal housing situation in the U.S. as an opportunity to take money from struggling individuals and families. We?ve written often about the many guises of foreclosure rescue scams and how to protect your home from foreclosure...

Good Economic News: New Home Sales Increase in June

Posted on August 01, 2009
It?s no secret that the current economic woes of this country (and much of the world) can be traced to the U.S. housing market ? which is why updates about home sales are watched so closely by those looking for indicators about where the economy is headed...

What To Do When Adult Kids Ask for Money

Posted on July 31, 2009
Many of us are struggling to keep afloat in this economy and nobody wants to see loved ones flounder under overwhelming debt. So what should you do if your grown children come to you asking for help with their debt? Below are some steps to take before you fork the money over...

Federal Minimum Wage Rises: What it Could Mean for You

Posted on July 30, 2009
The federal government may have good news for you or your kids this month ? the federally mandated minimum hourly wage is set to increase to $7.25 (from $6.55) on July 24th. Here?s a look at what that might mean for businesses who pay and employees who earn minimum wage...

How to Not Get Bamboozled by Banks

Posted on July 29, 2009
Even though lenders are no longer throwing themselves at consumers and credit is a bit tighter than it was a couple years ago, I think it?s worthwhile to refresh everyone?s memory on warning signs of predatory lending. Here’s what to look out for when you’re heading to purchase big-ticket items like cars, appliances and houses: Warning #1: [...

When Lenders Want Home Foreclosure for You

Posted on July 29, 2009
The bank helped you purchase your home, surely they’ll help you keep your home? Right? Sadly, this isn’t the case. When it comes to your home and your mortgage, many lenders are hoping for foreclosure, says this new report in the Washington Post: Policymakers often say it’s a good deal for lenders to cut borrowers a break [...

Michael Vick?s NFL Reinstatement to be used in Bankruptcy Case

Posted on July 28, 2009
The sports world is abuzz with the recent announcement by NFL commissioner Roger Goodell that Michael Vick will be allowed to play professional football this fall. The reinstatement is the latest in a long and winding series of events and fall from grace for the former Atlanta Falcons who was so popular his image graced the [...

Panel: American Households Facing Poor Long-Term Financial Health

Posted on July 27, 2009
Over the years, through emerging generations it has become the dominant philosophy to spend big, buy big and live big. This translates into a larger billfold of debt, which often times can?t be cradled and results in bankruptcy. Gluttonous Spending, Lack of Savings According to the Boston-based National Consumer Law Center, nearly 33% of all personal bankruptcy participants [...

June Numbers: Consumer Prices Increased but 14.7 Million People Still Out of Work

Posted on July 26, 2009
The United States Department of Labor recently released economic indicators for June, which show, among other things, a jump of about .7 percent in prices for consumer goods from May. Here?s a boiled-down look at the latest figures: Consumer Price Increase: Largest in 11 Months Consumer prices up ...

Celebrity Bankruptcy: 5 Baseball Players Who Went Bankrupt

Posted on July 24, 2009
Money troubles come to the best of us. Check out these MLB players who turned to filing bankruptcy when their money troubles caught up to them: Lenny Dykstra, former star center-fielder for the New York Mets and Philadelphia Phillies, filed for Chapter 11 bankruptcy protection this month...

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...