Monthly Archives: February 2024
Breaking Down Bankruptcy Student Loan Forgiveness Requirements
Student loan forgiveness has been one of the most controversial issues of the past decade. Many people believe former students need and deserve relief from oppressive loan payments. Others feel that tax dollars could be better spent elsewhere. In the midst of all the sound and fury, the Department of Justice amended its student… Read More »
Follow These Tips to Bounce Back from a Bankruptcy Filing
Thanks to consumer bankruptcy, honest yet unfortunate debtors get a fresh start. Some people squander that fresh start. Continued poor financial habits, like overspending and failure to save any money, usually cause former debtors to anxiously watch the calendar until the waiting period expires, so they can file bankruptcy again. Consumers who follow these… Read More »
Is Chapter 13 Bankruptcy a Good Idea?
If you want to take control of your own financial situation and protect your assets from creditor seizure, then yes, Chapter 13 bankruptcy (a/k/a the wage earner plan) is a good idea. Chapter 13 is also a good idea if you want the benefits of bankruptcy but don’t want some of the drawbacks, such… Read More »
Why Do People File Bankruptcy?
Quite simply, people file bankruptcy because they owe more money than they can pay. Such financial problems can happen to anyone. Following the 2008 financial crisis, five huge companies which collectively had over $1 trillion in assets filed bankruptcy. Their own misconduct contributed to these filings, but the economic downturn substantially caused them. Likewise,… Read More »
