If you’re having trouble meeting your financial obligations, a Chapter 13 bankruptcy can be a lifesaver, giving you the breathing room you need while allowing you to catch up on unsecured debt. Even student loans, which are quite difficult to discharge, can be effectively managed through a Chapter 13, even though in some cases they
The rising cost of post-secondary education means student loan debt can climb into the six-figure range. Fortunately, relief is available. The federal College Cost Reduction and Access Act offers options for reducing loan balances through career choices and extended payment plans. Under rare circumstances, individuals who file for bankruptcy can discharge their student loan debt.
When you file for bankruptcy, all of your assets are made part of your bankruptcy estate. In most cases, figuring out what your own your assets is easy. Will you be allowed to keep an inheritance that you become entitled to when preparing to file a bankruptcy or even after you file? ? That all
There is a lot of talk about filing for bankruptcy on the Internet, but not a lot about what happens afterwards. After a successful filing with the help of a bankruptcy lawyer, you can expect: Discharged Debts: For most borrowers, the most attractive result of filing for bankruptcy is the elimination of most unsecured debts.
A friend of mine in New York City filed a bankruptcy for a musician. That musician learned so much from the process that he put it to music. Maybe you don’t like loud music, so turn the volume down on your computer and read the captions. This says it all: Leave It All Behind Leave
Soon after you file bankruptcy, you should expect new bills and phone calls from creditors to stop. Sometimes they don’t. Why? They hope you’ll pay them anyway…without consulting your attorney, and sometimes people in bankruptcy do this. Remember, once you file your petition, the court imposes an “automatic stay” against creditors. It stops all collection