U.S. Department of Education Stipulates to Discharge over $80,000 in Student Loan Debt of Minnesota Resident.
U.S. Department of Education Stipulates to Discharge over $80,000 in Student Loan Debt of Minnesota Resident.
Current Bankruptcy News
Debunking Common Bankruptcy Myths
Debunking Common Bankruptcy Myths
Butwinick Bankruptcy Law Office: Helping People Get Back on Their Feet
Butwinick Bankruptcy Law Office: Helping People Get Back on Their Feet
Butwinick Law Office Obtains $73,000 Student Loan Discharge for Bankruptcy Client
Butwinick Law Office Obtains $73,000 Student Loan Discharge for Bankruptcy Client
Bankruptcy: It's Not as Bad as You Think
Bankruptcy: It's Not as Bad as You Think
10 things to know about Chapter 13 bankruptcy
10 things to know about Chapter 13 bankruptcy
The Positives of Filing Chapter 7 Bankruptcy in Minnesota
Chapter 7 bankruptcy is a legal process that will help you get out of debt. If you are struggling to repay your debts, filing for Chapter 7 bankruptcyis a great option for you.
Chapter 13 Bankruptcy: What You Need to Know To File in Minnesota
Chapter 13 bankruptcy is a type of bankruptcy that allows you to repay your debts over a period of time, usually 3 to 5 years. It can be a good option if you are struggling to make your monthly payments and are facing foreclosure or repossession.
Bankruptcy: A New Beginning
A fresh start. Filing for bankruptcy can give you a fresh start by wiping out most of your debts. This can help you to improve your financial situation and move on with your life.
Student Loan Borrowers Can Now Get Their Loans Discharged in Bankruptcy, and It's a Big Deal
Student Loan Borrowers Can Now Get Their Loans Discharged in Bankruptcy, and It's a Big Deal
Student Loans vs. SBA Loans: Why the Bankruptcy Double Standard?
Those who believe that student loan debts should not be discharged in bankruptcy often argue that it is unfair to taxpayers. They argue that taxpayers should not have to pay for the debts of others, especially when those debts were incurred voluntarily. However, this argument does not hold up when it comes to SBA loans. SBA loans are also government-backed loans, and they can also be discharged in bankruptcy. So, if it is okay for taxpayers to pay for the debts of SBA borrowers, why is it not okay for taxpayers to pay for the debts of student loan borrowers?
How Long Does It Take to File Chapter 7 Bankruptcy?
Filing for Chapter 7 bankruptcy can be a daunting task, but it is important to know that the process does not have to be complicated. In fact, the entire process can be completed in as little as three to four months.
Student Loans: The New American Nightmare....
The Department of Education recently issued new guidance that makes it easier for borrowers to discharge their student loans in bankruptcy. The guidance sets forth a new process for borrowers to apply for bankruptcy discharge, and it provides more flexibility for borrowers to receive a bankruptcy discharge of their student loans.
Bankruptcy vs. Debt Settlement: Which Is Right for You?
Bankruptcy has a number of advantages over debt settlement.
Bankruptcy: A Fresh Start for Your Mental Health
Bankruptcy can provide a fresh start, reduce stress, and improve relationships.
**Filing for Bankruptcy: A Fresh Start**
If you're struggling with debt, you're not alone. Millions of Americans are in the same boat. And while there are many different ways to deal with debt, filing for bankruptcy can be a great option for some people. Bankruptcy is a legal process that allows you to get out of debt. When you file fo...
10 reasons why a Chapter 7 bankruptcy can help improve your credit score.
10 reasons why a Chapter 7 bankruptcy can help improve your credit score.
United States Department of Education and the Department of Justice issued new guidelines on November 17, 2022 regarding the discharge of student loans in bankruptcy.
To discharge student loans in bankruptcy under the new guidelines, borrowers must first file an adversary proceeding in bankruptcy court. The adversary proceeding is a lawsuit filed against the lender or servicer of the student loans. In the adversary proceeding, the borrower must prove that repa...
How does bankruptcy impact your credit score?
Bankruptcy is a tradeoff. It typically wipes away debt that you can't afford to pay, but it tells the world that you're a credit risk. The bankruptcy may be noted on your credit report for 7 to 10 years, but it doesn't impact your ability to obtain credit that entire time. For example, many peop...
Bankruptcy & Your Credit Score
Bankruptcy is a tradeoff. It typically wipes away debt that you can't afford to pay, but it tells the world that you're a credit risk. The bankruptcy may be noted on your credit report for 7 to 10 years, but it doesn't impact your ability to obtain credit that entire time. For example, many peop...
Can you keep your car in a bankruptcy?
Yes, you can keep your car! Or even buy a new one!People often ask what will happen to their car if they file for bankruptcy. The answer depends on what type of bankruptcy they choose to file, as well as their personal situation. If a debtor chooses to file for chapter 7, and if there is no lien ...
Bankruptcy Filings Increase in January
According to Epiq Bankruptcy, compared to December 2022, every new filing chapter except Chapter 12 increased. Epiq Bankruptcy is a division of Epiq, a global technology-enabled services leader to the legal services industry and corporations, and is the leading provider of U.S. bankruptcy filing...
Younger Borrowers Are Struggling with Credit Card and Auto Loan Payments
Younger Borrowers Are Struggling with Credit Card and Auto Loan Payments,
CAN I REBUILD MY CREDIT DURING A CHAPTER 13 BANKRUPTCY?
Bankruptcy is a legal process that helps people find relief when they fall behind on payments and become overwhelmed by debt. The decision to file for bankruptcy can be difficult to make, but bankruptcy can be the best way to achieve a fresh financial start in many cases. When you initiate bankr...
New data is showing the number of car repossessions is hitting its highest rate in years.
According to Fitch Ratings more, Americans are falling behind on their car payments after a sharp decline in the midst of the pandemic when a surge in used car prices and low-interest rates on new cars had buyers taking out bigger loans. In May 2021, the number of subprime borrowers at least 60 ...