According to an article in the Star-Telegram, Dallas-Fort Worth has one of the worst oversupply of condos in the country.  Dallas alone has a five-year supply of million-dollar condo units sitting empty.  The high priced condos account for 1 out of every 4 condos in foreclosure The glut of condos have been hurting prices and [...]

According to an article in the Star-Telegram, Margaux Development has filed for Chapter 11 bankruptcy in an attempt to reorganize its real estate partnerships, including Margaux Westover Partners which owns the 35-acre Margaux Westover Village at the southeast corner of Green Oaks Road and Texas 183. In its bankruptcy filing, Margaux Westover Partners lists its [...]

Some people attempt to do their own bankruptcy work, but it is often a bad idea, because bankruptcy law is complicated.

Once you start doing your research on bankruptcy law, you’ll find a common theme.  Bankruptcy law is extremely complicated.  If you want to find more evidence of that fact, look no further than the book, [...]

As credit availability diminishes, credit scammers are having a feast at the expense of many Americans who desperately need access to credit.  One of the most common credit scams is the “advance fee loan.”

The Way It Works

Credit scammers target consumers who are having financial problems, facing foreclosure or delinquent on their credit card payments.  These [...]

According to an article in the Dallas Morning News, the Labor Department reported that new jobless claims fell slightly last week while the number of people receiving unemployment benefits rose.
The article said:
“First-time claims have trended down in recent months and are well below the recession’s high of 674,000 hit in the first week in April. [...]

In the bankruptcy case of Raeder, Nathaniel F.; In re (Harrold v. Raeder), the bankruptcy court ruled that the plaintiff’s claim was not excepted from bankruptcy discharge.
The details of the bankruptcy case:
In 2003, due to a broken shoulder and the inability to move around or write, the debtor’s mother (the plaintiff) had delegated to her [...]

According to an article in the Star-Telegram, Freedom Communications has filed Chapter 11 bankruptcy and agreed to give their creditors a majority stake in the business in exchange for forgiving a substantial portion of their debt.
The article said:
“The filing by Freedom Communications Holdings Inc. was part of a prepackaged plan approved by a majority of [...]

Your guide to home ownership after bankruptcy.
Purchasing a home after bankruptcy is easier than most people think.  In Fact, in as little as one and half to two years you can be ready to buy again.
The first step in getting prepared to buy a house is to start getting your credit in order.  It usually [...]

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If you have filled out an application for credit with a bank recently you’ve probably noticed that the banks have made a little change to their bankruptcy question.  Before, banks would ask potential customers if they had filed bankruptcy within the past 10 years. Now, banks are asking potential customers if [...]

One of the most common question potential clients ask is, “Who should file for bankruptcy?”  Unfortunately, this isn’t a simple question to answer, and it’s going to depend on each person’s unique financial situation.  However, the following is a non-exhaustive list of situations that should make you at least seriously consider filing for bankruptcy, especially [...]

An article in Reuters announced that the U.S. Postal Service is hoping to slash 30,000 jobs by offering buyouts to union employees.
The article said:
“The incentive for voluntary resignations and early retirements among a pool of veteran workers by the end of September is part of a drive to cut costs by $6 billion this fiscal [...]

Petition Preparers sound like a good bargain until you realize that they can’t give legal advice.
If you are considering bankruptcy, chances are you hard pressed for cash.  One place you better think twice about bargain hunting excessively is your bankruptcy filing.  If you’ve done any research on bankruptcy, it is likely that you have seen [...]