Latest on the Bankruptcy Blog

With the amount of graduates that are forced to begin their lives mired in debt from their post- secondary educational pursuits, it is no wonder that a common question among millennials who are getting married and starting a life is: “Am I responsible for my spouse’s student loan debt after the marriage?”. The short answer  … Read more

While most of us would hope to never be in the position of having to file for bankruptcy protection OR suffer the breakdown of our marriage but sometimes circumstance can lead to the point where both may be happening to us at the same time. The number one reason typically listed for a couple to  … Read more

The old saying that the only things in life that are guaranteed are death and taxes needs to be revised for the new reality many are facing in the U.S and that is student loans and the debt they entail. No matter what the circumstances, whether you cannot find a suitable position in the industry  … Read more

For many people who are contemplating seeking bankruptcy in Texas the mere thought is enough to induce much hand wringing and even tears and of course the shame and embarrassment for being in the situation in the first place. Well, rest assured that it is not only an issue for the rest of us mere  … Read more

While most are aware of the crisis that defaulted student loans are becoming across the U.S, the discussion seldom incorporates methods from other countries in how to deal with this rapidly growing problem. Why are other developed countries not experiencing the same issues we are here in the U.S when they have similar debt levels  … Read more

In a stunning continuation of last year’s high profile attempt by bankruptcy trustees to have a portion of a parents contribution to tuition fees returned to the parents own creditors after they have been forced to file for bankruptcy protection,  A recent report has shown that colleges and universities have returned at least $276K and  … Read more

When you take a step back and consider all the information that is encompassed by the student loan debacle that is currently underway in the U.S., you would not be faulted for thinking that the biggest loan balances are the ones most likely to suffer default. After all, coming out of school with 100k in  … Read more