Latest on the Bankruptcy Blog

The Department of Education may be getting prepared to influence new rules allowing bankruptcy to eliminate student debt. This news will surely come as a hopeful relief to borrowers struggling with student debt. In an announcement this week the Education Department stated that it would be reviewing the ability for student loans to be discharged  … Read more

When you file Chapter 7 or Chapter 13 bankruptcy the information will remain on your credit report for a landlord to see for seven years after a Chapter 13 bankruptcy and ten years after a Chapter 7 bankruptcy. This information appearing on your credit may hurt your ability to rent a property, but there are  … Read more

Filing for Bankruptcy can cause extreme anxiety and angst, and it’s not surprising. After all, bankruptcy has received a negative reputation as of late due to not only the credit implications but also moral and ethical questions. Bankruptcy shouldn’t be looked at as the end of the world or as conning your creditors as much  … Read more

Pro Se Bankruptcy is the filing for bankruptcy without the assistance of an attorney. Because filing for Chapter 7 or Chapter 13 bankruptcy is a complex process with many forms that need to be filled out correctly, the US Bankruptcy Courts always recommend seeking the advice and counsel of an experienced bankruptcy attorney before attempting  … Read more

When filing for Chapter 7 bankruptcy relief, the court assigns a bankruptcy trustee who gives the debtor a number of instructions that they must follow in order to obtain the ultimate goal of a Chapter 7 bankruptcy: discharge of unsecured, non-priority debt. If you failed to adhere to any of the court’s orders then your  … Read more

A representative of the 46th Assembly District in Brooklyn has been indicted on bankruptcy fraud charges in addition to allegedly stealing thousands of dollars from government agencies and a host of additional charges. The 11 count indictment that was unsealed in federal court in Brooklyn on Tuesday, January 9th included two counts of wire fraud,  … Read more

As retail clothing stores continue to drop like flies amid increased competition from discount retailers and e-commerce companies, A’Gaci filed for Chapter 11 bankruptcy reorganization in the U.S. Bankruptcy Court for the Western District of Texas this week. A’gaci is a San Antonio-based women’s apparel and accessory retailer Chapter 11 Reorganization Bankruptcy Chapter 11 reorganization  … Read more

College student loan debt in the U.S. has risen to over $1.3 Trillion in 2017 affecting nearly 70% of all graduates. As the student loan debt crisis in America continues, choosing a college savings plan for your children increases in importance. With several different college savings plans available, however, you may find it difficult to  … Read more

Are you currently in debt with no debt pay off plan? If you answered yes, you aren’t alone. In a recent report by LendingTree, more than a quarter of American have no definitive plan to repay their debt. This is a growing problem in the country as U.S. household debt tops $13 trillion. There is  … Read more

The United States Gross Domestic Product (GDP) is a widely accepted measure of the health of our economy. This week the fed announced that Q3 GDP grew at a rate of 3.3%, a level of growth America hasn’t seen since 2014. This news should be a beacon of light to everyone working hard to improve  … Read more