How to File for Bankruptcy with Student Loans

Higher education is a critical investment for the future, and it has become a commodity younger generations, as well as older generations looking to start new careers, are required to have by more and more companies when beginning their careers. Unfortunately, it doesn’t come cheap. With rising tuition costs at both public and private [...]

By | 2017-12-16T03:22:09+00:00 October 25th, 2017|Student Loans|Comments Off on How to File for Bankruptcy with Student Loans

Redefining “Undue Hardship” May Make it Easier to Discharge Student Loan Debt in Bankruptcy

Student loan debts have only ever been dischargeable by bankruptcy under the most dire of circumstances, but student loan write-offs may soon be easier to accomplish if the Obama administration’s proposal is approved. The Department of Education recently released a report identifying solutions they believe will benefit people who are struggling to repay their loans. [...]

By | 2017-12-13T02:03:29+00:00 October 28th, 2015|Bankruptcy, News, Student Loans|Comments Off on Redefining “Undue Hardship” May Make it Easier to Discharge Student Loan Debt in Bankruptcy

Can Student Loan Debt Affect Our Nation’s Future Economic Growth?

Students across the U.S. have accumulated so much student debt since the 2008 recession that it now poses a threat to our nation’s economic growth. Americans laboring under the assumption that they could pay back their loans after college are now finding that they have to put off important life decisions like getting married, starting [...]

By | 2017-12-13T01:42:12+00:00 September 9th, 2015|Economy, Managing Your Finances, Student Loans|Comments Off on Can Student Loan Debt Affect Our Nation’s Future Economic Growth?

Obama Introduces The New Pay As You Earn Plan Capping Student Loan Payments

Springtime is supposed to be a joyful time for those who have graduated from college. However, for many members of the class of 2014, graduation means that they have left their student lifestyle behind, and they are about to meet their student loan debt obligations head-on. Typically, this reality is felt the most six months [...]

By | 2017-12-13T01:42:24+00:00 July 15th, 2014|Student Loans|Comments Off on Obama Introduces The New Pay As You Earn Plan Capping Student Loan Payments

Congress Gets More Pressure from the House to Forgive Student Loans in Bankruptcy

More individuals in the House of Representatives are voicing their opinions on why student loan debt should be forgiven in bankruptcy. In recent months more efforts are being made to provide Congress with more insight on how student loan debt continues to be a huge problem. House Democrat Naomi Jakobsson proposed House Resolution 620 which [...]

By | 2017-12-13T01:42:39+00:00 April 17th, 2014|Student Loans|Comments Off on Congress Gets More Pressure from the House to Forgive Student Loans in Bankruptcy

What You May Not Know About Student Loan Debt & Bankruptcy

Debtors may be under the impression they are unable to get student loan debt discharged. While this may be the case for some, others may qualify to have this debt eliminated but don't bother asking their attorney about it. When you file you are expected to list debt obligations you have outstanding, including those that [...]

By | 2017-12-13T01:42:59+00:00 January 16th, 2014|Student Loans|Comments Off on What You May Not Know About Student Loan Debt & Bankruptcy

Does the Automatic Stay in Bankruptcy Stop Student Loan Collections?

The Automatic Stay and Student Loans If you have student loan debt that is being pursued by the creditor when you file bankruptcy, collection efforts come to a halt due to the automatic stay. This also ceases collection attempts through bank and wage garnishments. This can give debtors time to figure out how to repay [...]

By | 2017-12-13T01:43:14+00:00 November 26th, 2013|Student Loans|Comments Off on Does the Automatic Stay in Bankruptcy Stop Student Loan Collections?

Why Debtors Should Talk to a Bankruptcy Attorney about their Student Loans

You may wonder if it's really possible to get student loans discharged, especially after hearing someone you know personally got theirs eliminated in bankruptcy. If this is the case, you may want to review the possibility with a qualified bankruptcy attorney in Dallas-Fort Worth. There may be some information you might not know that could [...]

By | 2017-12-13T01:43:26+00:00 October 9th, 2013|Student Loans|Comments Off on Why Debtors Should Talk to a Bankruptcy Attorney about their Student Loans

How Chapter 13 Bankruptcy Can Help You Deal with Student Loan Debt

Chapter 13 bankruptcy is a repayment approved by the bankruptcy court based on your income. While student loans are almost impossible to get discharged in bankruptcy, you can use the filing to help you reduce the amount you pay or you can delay making payments during the Chapter 13 repayment period. Students loans can be [...]

By | 2017-12-13T01:43:42+00:00 September 23rd, 2013|Student Loans|Comments Off on How Chapter 13 Bankruptcy Can Help You Deal with Student Loan Debt

Could Changing Bankruptcy Laws for Student Loans Improve the Economy?

A recent report completed by the Center for American Progress looks at how the economy could benefit from student loan discharge. While getting student loan debt eliminated in bankruptcy can be done only under strict circumstances, many hope lawmakers reconsider making changes to a bankruptcy law that dates back to the mid-1970s that made getting [...]

By | 2017-12-13T01:43:58+00:00 September 11th, 2013|Student Loans|Comments Off on Could Changing Bankruptcy Laws for Student Loans Improve the Economy?