It is hard, not impossible, to discharge student loan debt in bankruptcy. Only government guaranteed loans were protected from discharge before 2005, now student loans from private banks are protected. To qualify for discharge, payment of a student loan must present an undue hardship to the debtor or a dependant of the debtor. The exceptions [...]
July 2009
The government announced today that it may be suspending the Cash for Clunkers program, which began officially July 1, 2009, but funds began flowing this wee (and which was discussed by my colleague, Dana Wilkinson, South Carolina bankruptcy attorney, earlier this week). Congress appropriate $1 Billion in funds and according to cnn.com, that money may well be used up [...]
Below are some free resources where you can obtain information about credit: Of course Credit Law Network where bankruptcy attorneys blog about all things related to credit. Annual Credit Report website where you can obtain a 3 bureau credit report every 366 days. The Free Annual Credit Report website may have cute commercials but the [...]
In Part 2, Part 3, and Part 4 I discussed various things that can be attempted to save a Chapter 13 Bankruptcy Plan if you are having difficulty making the Plan payments. You have discussed these various options with your attorney and none of them are available to you. When all else fails a voluntary [...]
Many of my clients end up in bankruptcy because of a series of unfortunate events. Sometimes those events continue after the case is filed, and their troubles continue. When you file a Chapter 13 payment plan, you are generally required to keep making your regular mortgage payments, or resume making those payments if you have [...]
I am sitting in 341 meetings all day today. So far several debtors have brought their very young children to the meeting. These debtors are also getting upset because they believe that they should go first and are not. Now the children are in melt down mode and it is miserable for everyone. 341 meetings [...]
