Latest on the Bankruptcy Blog

Debt Consolidation is a way of getting rid of all your credit card bills. The idea is to get one single loan which will pay off all your existing loans. This means you only have to make one payment instead of paying off several loans. This is one way of saving money, because you will  … Read more

Unpaid debts may lead to phone calls from debt collectors in attempt to collect a debt. Many people face the stress of debt collection calls every day. However, in some cases, the debt collection agency may not be following the law. What Are Debt Collection Laws? Debt collection laws are a set of regulations that  … Read more

Can I discharge student loan debts in bankruptcy? Yes, you can discharge federal student loan debt in bankruptcy. All student loan debt is dischargeable upon completion of the Chapter 7 bankruptcy process. However, there are exceptions to the discharge of student loans under Chapter 13. If you file Chapter 13 bankruptcy and your payment plan  … Read more

What is a chapter 7 bankruptcy? Chapter 7 bankruptcy is a liquidation of a business that is in financial distress. The business will be forced to cease business operations, and its assets will be sold off to pay creditors. Most of the time, the business owner will no longer be involved with the company. What  … Read more