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
Although bankruptcy can give you a fresh financial start, it’s important to understand what types of debt you can and cannot discharge. Filing for Chapter 7 bankruptcy can help you regain your financial footing as long as most or all of your debt is dischargeable. Some examples of dischargeable debt are: Credit Card Debt Credit card
If you file for bankruptcy in Connecticut or anywhere else, then one piece of information you need to know is your “household size.” Why is household size so important? Because of the Means Test. Under the Means Test, you can file for Chapter 7 bankruptcy only if your monthly income is below the monthly median
At the end of each of my blog posts, I include an invitation to contact me for a free initial consultation. So I thought you might be curious to know a little more about what happens at this initial consultation. You enter the office, worried about your finances, stressed from harassing calls from debt collectors,
So you’ve made an appointment to meet with your bankruptcy lawyer to discuss your financial situation. And you find yourself wondering, “Do I need to bring anything? And if so, what should I bring to my meeting with my bankruptcy lawyer?” Well, here’s a list of a few basic and typical things that you should
Yes, there are many things you can and should do to plan ahead if you intend to file for bankruptcy in Connecticut. There are also a number of things you should not do if you are planning to file for bankruptcy. For this reason, if you are in any way considering a bankruptcy filing in