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An attorney reader sent me a case about another consumer who successfully had their federal student loans discharged in bankruptcy. This is a rapidly evolving topic and certainly not ever court district offer up the same considerations when it comes to a discharge.
On Jun 24, 2015, Michael Abney became a student loan hero when he filed his own adversary proceeding with the United States Bankruptcy Court of the We...
I attended a free student loan webinar in March of 2014 entitled "Student Loans: The Next Big Thing for the Collection Industry." I'm not a collection lawyer but I wanted to see what collection companies were saying about my student loan clients.
The virtual Chapter 9 strategy would generate enough leverage over creditors for Puerto Rico to deal with its debt crisis. The risk is that it would generate too much. Without an actual Chapter 9 to limit the Puerto Rican government, that government could design a procedure even more to its benefit.
Recently a couple of statements from people I know inside the debt relief industry have struck me. It seems there is a general lack of understanding why it is getting harder to sell debt relief services.
Until the political importance of Glass-Steagall is recognized, financial reform is doomed. Captured regulators will implement milquetoast versions of reform laws, and Congress will entertain amendments to slowly repeal the reforms.
Mailers promising all sorts of relief that try to appear as some sort of official notification are still going out to consumers. These mailers are problematic in my opinion because they state benefits without much information to fill people in about what is going on.
If you are not great at managing your money, a slow period can be detrimental to your business, and for some can result in getting so behind that catching up is almost impossible. For some, the only solution is business bankruptcy.
The United States offers protections to individuals who have suffered persecution, or fear that they will suffer persecution, due to their race, religion, national origin, political opinion, or membership in a particular social group.
Bill Westrom just sent in an article to me to post on my GetOutOfDebt.org site and it was so on track with what I have been trying to get across to people. I had to share it with you.
An individual may have concerns that an heir will recklessly waste an inheritance or, even if placed within a trust fund, in some manner sell (via fin...
For mid-career workers, education is a great way to remain vital in the workforce. It can also be a risky financial investment. Experienced workers should fully investigate all degree and training programs for maximum payoff.
In the past couple of months several of my bankruptcy clients received letters from Bank of America releasing them from all liability on second mortga...
Some businesses and individuals are forced into filing for bankruptcy due to bad decisions or just plain bad luck. The number of cases has fallen nationwide, but with entire cities filing for bankruptcy, the ripple effect of each bankruptcy can still be enormous.
When you're in the trenches of a financial failure, filing for bankruptcy can feel like the end of the world. But if you take a step back, evaluate your situation objectively and make a plan, you'll quickly realize that your situation is not as bleak as it feels right now.