Bankruptcy
Debt Relief
Property & Assets
Bankruptcy FAQ
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...
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...
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...
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...
When you are faced with mountains of debt, you may not be sure what step to take first. Many options are before you, each promising a positive outcome. You may wonder if it makes a difference which you choose. The answer is yes, it does. Some ways of managing debt are...
Chapter 7 bankruptcy is a very common type of bankruptcy filing. Many people choose this type of bankruptcy every year. But what are the benefits to Chapter 7 bankruptcy? And what are some of the downsides to such a bankruptcy filing? Today, let's examine some of the...
You would be forgiven for thinking that bankruptcy is purely a negative act that has few benefits. Bankruptcy has been portrayed as a disastrous step that everyone should avoid. Now, obviously, no one wants to go through a bankruptcy and you should do everything in...
Debt collectors may not always employ the most honest of practices. In fact, some of the practices got so bad that federal government enacted the Fair Debt Collections Practices Act. The Federal Trade Commission has information about what constitutes abuse...
Some people may mistakenly think that bankruptcy is a one-shot deal: that once you file for bankruptcy, that is the only chance you get. However, this is incorrect. There is no limit to the number of bankruptcy filings you can go through. But there are time limits...
One of the most important aspects of a bankruptcy filing is the debt discharge process. This is the stage of the bankruptcy that sees many of your past debts eliminated (either partially or wholly) and it can free you up after the bankruptcy so that you can get your...