Latest on the Bankruptcy Blog

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

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