Bankruptcy and Debt

If your debts have become overwhelming, it may be time to consider filing for bankruptcy. Bankruptcy is a system set up to help consumers and businesses eliminate their debt or set up a repayment plan. It can be a difficult, confusing process, but the articles that attorneys have submitted to the KnowledgeBase can help simplify the process and introduce you to some of the key concepts involved in bankruptcy.

Recent Bankruptcy and Debt Articles

Bankruptcies Rising Among "House Rich"
Provided by Green & Kapsos Law Offices, L.L.C.
In Wisconsin and across the nation, more and more people thought of as affluent are facing bankruptcy because they are "house rich and cash poor." Read More »
Mortgage Programs Fall Short in Keeping Homeowners out of Foreclosure
Provided by Grand Law Firm
To alleviate some suffering by homeowners, the Obama Administration introduced the "Making Homes Affordable" plan last March. Unfortunately, the plan has not yet had the intended effect. Read More »
Creditors May Have to Change Rules as Bankruptcy Numbers Rise
Provided by Chang & Diamond, APC
To remain profitable, banks and other financial institutions are going to have to revise their strategies and consider more factors about each applicant. Read More »
Homeowners Underwater in Florida
Provided by James H. Monroe, P.A.
During the U.S. mortgage crisis, Florida has been leading the nation in home foreclosures. Homeowners are considered "underwater" on their mortgages when they owe more than the property is worth. Read More »
New Federal Laws Regulating Credit Card Companies Begin to Take Effect
Provided by The Mellor Law Firm
The new Credit Card Accountability Responsibility and Disclosure Act aims to protect consumers from unfair credit card company policies and help consumers better manage their spending and credit. Read More »