Contrary to popular belief, some back due taxes owing to the Internal Revenue Service (IRS) can be wiped out in bankruptcy. In order to be eligible to wipe out a tax debt, there are five conditions...
June 1, 2010
Bankruptcy,
Chapter 13
Decreasing home values and multiple mortgages can create opportunity for debtors in a Chapter 13 bankruptcy. According to a report issued on February 23, 2010 by First American CoreLogic, more than...
May 11, 2010
Bankruptcy,
Foreclosure
RealtyTrac reported its January 2010 Foreclosure Market report on February 11, 2010, which showed a decrease of nearly 10 percent from the previous month of December 2009. However, the report...
November 9, 2009
Bankruptcy,
Foreclosure
According to an article on Bloomberg.com, the Obama administration's foreclosure prevention program shed 24 percent of the almost 1.1 million borrowers who had obtained trial loan modifications...