Congressmen push to let bankruptcy judges alter mortgages 12.10.08 With millions of Americans facing the possibility of losing their home, two Washington lawmakers are promoting a plan they say will help more families avoid foreclosure.
Fannie, Freddie suspend foreclosures for most at-risk 11.21.08 Approximately 16,000 homeowners who are in danger of foreclosure - or who have upcoming evictions scheduled - will receive a period of respite from Fannie Mae and Freddy Mac.
Consumers running out of debt management options 11.18.08 It is a scenario that is becoming more and more common. A couple of years ago, your finances may have appeared to be in fine shape - but then the credit crunch happened and these foundations were suddenly shaken.
Personal bankruptcies reach new record 11.06.08 Filing for bankruptcy is an option of last resort - although it can help people who are in serious financial trouble, it also leaves a black mark on your credit score that can last for up to a decade.
Bankruptcies could exceed 1.1m by 2009 10.24.08 By the end of the year, the number of personal bankruptcies filed during 2008 could be greater than 1.1 million, the executive director of the American Bankruptcy Institute has told the Los Angeles Times.