Early-stage delinquencies are a leading indicator of future bankruptcy filings, and the June data suggest bankruptcies will continue rising in coming months. Bankruptcy filings were up 31 percent in June compared with a year earlier

U.S. mortgage delinquencies accelerate: Equifax Mon Jul 27, 2009 2:08pm EDT By Nick Zieminski NEW YORK (Reuters) – Rising unemployment continues to make more Americans late on their mortgage payments, a sign that the rate of U.S. personal bankruptcies will … Continue reading

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What Does Debt Relief Agency Mean?

Since the bankruptcy reform laws were passed in 2005 you will see a lot of lawyers stating that they are a “debt relief agency”.  Why is that so, and what does that mean? Under 11 U.S.C. § 101 a debt … Continue reading

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