Latest on the Bankruptcy Blog

Student Loan debt in America is the highest it’s ever been with debts owing $1.3 trillion in outstanding student loan debt, affecting 44 million borrowers. With student debt now ranking 2nd among overall consumer debt in the US, doesn’t it make sense that you’d be able to discharge student loan debt in bankruptcy? Unfortunately, numerous  … Read more

To the unknowing or uninitiated, declaring bankruptcy, either chapter 7 or Chapter 13, may seem like magically eliminating all your debt. This leads many to ask who pays for bankruptcy.   It’s true that bankruptcy will wipe out some or all debt, the debt solution comes with filing fees and administrative costs associated with it. Bankruptcy  … Read more

So you’ve filed Chapter 7 bankruptcy and received your discharge. After bankruptcy, individuals logically begin to consider how they can start to build back their credit which typically involves obtaining a new credit card. While some may want to steer clear of credit cards, especially those who filed bankruptcy in order to wipe out credit  … Read more

There are numerous facets to obtaining protection for your debts with Chapter 7 or Chapter 13 bankruptcy. However, we’ve distilled the top things to know about bankruptcy in order to discharge your debts and get your financial house back in order. There are Two Different Types of Bankruptcy Consumer bankruptcy is divided into two separate  … Read more