Latest on the Bankruptcy Blog

Most of us have heard stories of the celebrities who are so broke they cannot pay for the mansions and the cars or the maids and the gardeners any longer. It happens much more often than we think and we only hear about it when the person is still on the A list or has  … Read more

With the election cycle in full swing, there are many students who are desperately trying to determine which candidate will do the most for them with regard to student loan debt should they be voted into the highest office in the free world. If you ask either candidate they will tell you that it is  … Read more

When starting to consider the repayment of their student loans many students look to Google for any way of getting some student loan forgiveness and many actually come across sites and businesses that offer what is usually termed “Obama Student Loan Forgiveness Programs”. Be aware that these sites have absolutely nothing to do with the  … Read more

The vast majority of individuals who file for bankruptcy protection do so because they are so mired in debt that they feel that they have virtually no other way out and fear that their wages will simply be garnished by court order if they fail to pay their creditors anyway, and for the most part  … Read more

When a couple decides to file for bankruptcy together, the attorney they employ must represent both parties at the same time. He cannot do something for one of the Debtors that could hurt the other Debtor. Severing a bankruptcy is a good example of something that has to be agreed on by both of the  … Read more

While everyone likes to believe that it can never happen to them, the truth of the matter is that financial disaster can and does happen to people from all walks of life and can strike at any time. A sudden illness or an unexpected job loss can prove devastating to just about anyone even those  … Read more

Unless you have been out of the country for a very significant period of time or have been living in a very remote part of the country you are aware of the growing crisis that the total amount of student loan debt has caused in the U.S. The question that is seldom asked or explained  … Read more

The best thing about a Chapter 7 bankruptcy is that you have the ability to eliminate certain types of unsecured debts that may be holding you back, such as unpaid medical bills and other debts such as personal loans that are unsecured and even credit card debt. If the court rules in your favor and  … Read more