As most people who have invested in their education are already painfully aware, the ability to discharge student loans under the U.S. Bankruptcy Code is extremely difficult. That's because in order to eliminate this type of debt, it must be shown that the loan poses...
As we've touched on in the past, there are an unfortunate number of stubbornly persistent myths circulating among the general public concerning bankruptcy. Indeed, our blog spent some time questions or concerns about filing for either Chapter 7 or Chapter 13...
Bankruptcy often receives bad press. Let's look at one of the most common criticisms. Individuals are warned that it will play havoc with their credit. Of course, a bankruptcy filing will be reflected on your credit reports and your credit score. But this is unlikely...
Now that the economy is back on firm ground and the long-term employment numbers appear relatively strong, a person could be forgiven for thinking that their job is largely safe. The unfortunate reality, however, is that things can still happen behind the scenes that...
In our previous post, we examined some of the differences between secured debt and unsecured debt. To recap, the former is one in which the borrower provides collateral for the loan, such that the lender has the option of seizing and selling it to recover the money...
As we've made abundantly clear on our blog, one of the biggest advantages of filing for Chapter 7 bankruptcy outside of stopping collection efforts is that it can discharge debt, providing the filer with a much-needed fresh financial start. As appealing as this...
Some people might reasonably be scratching their heads in wonderment as to why Florida state officials failed to apply for federal foreclosure funding that could have brought an infusion of $250 million into the state for distressed homeowners.One of those people is...
