White House making student loan help a priority
I'm so pleased to see that the White House and Congress is making student loan assistance to consumers a priority. It used to be the law that seven years after the student loan became due and payable, the debt could be discharged in bankruptcy as an unsecured debt. That law changed, and...
Making the Decision to File Bankruptcy
Should I file for bankruptcy?
Before a bankruptcy case can be filed, the debtor must decide whether bankruptcy is, in fact, the best vehicle for dealing with the problems that the debtor faces. In a typical consumer bankruptcy case, most of the attorney's analysis involves comparing bankruptcy with other...
A Simple Solution for Overburdened Student Loan Borrowers
A Simple Solution for Overburdened Student Loan Borrowers
JOHN MCMICKLE; MAR 27, 2015
Congress has been making it harder for borrowers to get out of their student loan obligations since the late 1990s. But in the face of concerns about student loan debt's impact on individuals and the...
Components of Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA)
As you may have heard, major bankruptcy reform became effective in October 2005. Although the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) has some restrictions for filing and requires you to provide more documentation to the bankruptcy trustee, most people can still file for bankruptcy relief. Contact our office to...