In an ideal world, a person declaring bankruptcy would have an opportunity to clean up their financial life and never look back. Once the challenge of filing is over, things get back on track and there are no more financial issues from that point forward. Unfortunately, in the real world, bankruptcy does not automatically guarantee...Read More

Whether or not you keep your vehicle during a bankruptcy filing depends on several factors. There are ways to protect your vehicle, but it might mean making other sacrifices. The two most important factors that determine whether or not your car is protected include the type of bankruptcy you file and your current car ownership...Read More

You have recently emerged from bankruptcy, it is important to take a look at what caused the financial hardship and make sure you do not go down these paths again. Many people end up in bankruptcy due to bad luck (loss of job or medical issue) others have simply spent more than they could afford...Read More

By Donna Goodison And Jerry Kronenberg Royal Bank of Scotland subsidiary has agreed to pay $52 million to settle charges that it traded more than 700 “presumptively unfair” sub-prime mortgages given to Massachusetts homeowners during the housing boom. The payment will settle allegations that RBS Financial Products Inc., formerly known as Greenwich Capital Financial Products...Read More

The ink was barely dry on the bankruptcy filing of AMR Corp., the parent company of American Airlines, when Chris in Tulsa wondered “why companies can get away with things that individuals can’t.” “If I try to walk away from my debts and my creditors, everything in my life would be (messed) up for a...Read More

By Jon Chesto The Patriot Ledger For the first time in more than a year in Massachusetts, the foreclosure rate headed upward again when compared to the same month in the prior year. The Warren Group reported that lenders and mortgage servicers filed 1,193 initial petitions to foreclose last month, a 5.9-percent increase from the...Read More

Boston, MA (MMD Newswire) October 21, 2011 – -The foreclosure crisis in Massachusetts and elsewhere in the USA is a complicated issue governed by a variety of self-interests. These are being played out at the emotional and financial expense of those with the greatest need. In August of this year, Massachusetts posted an alarming, single...Read More

Three states conducting their own probes of residential mortgage practices are resisting broad liability releases sought by banks to settle a nationwide foreclosure investigation. The banks, in settlement talks with state and federal officials, are seeking releases that would protect them from future legal liabilities. Massachusetts Attorney General Martha Coakley said yesterday she won’t endorse...Read More