Monthly Archives: January 2026
Are Student Loans Being Forgiven in Bankruptcies?
Yes, student loans are being forgiven in bankruptcy. That’s very good news for the forty-two million student loan debtors in America who owe a collective $1.6 trillion. Many of these borrowers weren’t old enough to drink a beer at an off-campus bar. So, they signed contracts they barely understood. Now, they’re saddled with debt… Read More »
Post-Bankruptcy Credit Score Recovery
All bankruptcy debtors want to move on and put their pasts behind them. Increasing their credit scores is part of this process. This process is not as difficult as many people think, mostly because the initial credit score hit is much lower than people anticipate. Debtors with high credit scores see significant reductions. But… Read More »
Filing Bankruptcy Over 50: What You Need to Know
Later-in-life bankruptcy filings were once unheard of. Today, they’re far more common than many people realize. Issues like medical bills, job loss, divorce, caring for aging parents, and/or inadequate retirement savings cause significant financial problems for many people over 50. To many, bankruptcy feels like a major setback. However, it also offers a structured… Read More »
Top Five Reasons People File Bankruptcy
In a nutshell, most people file bankruptcy because they owe more money than they can repay and they need a fresh start. As outlined below, the specific reasons most people file bankruptcy are at least mostly beyond their control. Everyone files bankruptcy to take advantage of the benefits of this program, such as the… Read More »