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August 2017 Archives

Simple steps to avoid debt in the first place

A lot of the focus of this blog is on bankruptcy, meaning that we are talking about a legal process that already assumes you are buried under a lot of debt. But of course, there is something even better than filing for bankruptcy to clear out your debts, and that is never being in debt in the first place. How do you achieve this?

Loan forgiveness program in limbo after lawsuit

If you haven't heard of the Public Service Loan Forgiveness program, that's okay. It was created a decade ago for people who work for the government or for a non-profit. The purpose of the program was to allow these workers to clear out their student debts if they had on-time monthly payments for ten years. Well, it has been ten years, and these workers have patiently awaited the day for their loan forgiveness. In fact, roughly 500,000 people applied to the program.

When married, how does bankruptcy work?

Bankruptcy is an inherently complicated process that will leave filers feeling confused about what the next steps are for them. Bankruptcy is certainly meant for individuals, but there are obviously situations where one spouse in a married couple needs to file for bankruptcy. So how does this work? How does it affect the other spouse? And what can the filing spouse expect going forward?

Student debt: why it's nearly impossible to get rid of

There was a time, many decades ago, when student loan debt could be forgiven -- or, at least, it would go unpaid. But in the 1970s, a new law was passed that made student loan debt virtually impossible to discharge. This was in response to a wave of nonpayments. This doesn't make it any more palatable or fair, but it was done in response to an issue.

McBride Law Firm

McBride Law Firm
301 Jackson Street Suite 101
Alexandria, LA 71301

Phone: 318-625-0471
Fax: 318-445-8066
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