News

Going beyond strategic default, there's a new term called "strategic bankruptcy" to shed underwater assets. This is especially important for those who can use a recent layoff, divorce or the like and can do a Chapter 7. I thought you might want to share my experience.

DENVER (Reuters) - The Colorado farm that grew cantaloupes linked to a listeria outbreak that killed more than 30 people last year has filed for Chapter 11 bankruptcy protection, court documents showed. Jensen Farms of Holly, Colorado, listed $2.1 million ...

Three of the 15 active candidates for the two open seats on the Flathead County commission have filed for Chapter 7 bankruptcy in Montana. Cal Scott, the interim Flathead County commissioner and a Republican candidate for the District 1 commissioner’s ...

Beeman, who filed for bankruptcy in March, could not remain in Chapter 13 because the size of the IRS judgment exceeded the limit for a debtor's liabilities in a Chapter 13 case. A debtor in Chapter 13 uses income to pay creditors. Instead of ...

Homebuying after a short sale: The basic rules are pretty simple: If you are looking for “low down payment” in an FHA loan, you must wait three years. You will then need 3 1/2% plus all your closing costs (usually an equivalent amount).