Latest on the Bankruptcy Blog

While most are aware of the crisis that defaulted student loans are becoming across the U.S, the discussion seldom incorporates methods from other countries in how to deal with this rapidly growing problem. Why are other developed countries not experiencing the same issues we are here in the U.S when they have similar debt levels  … Read more

In a stunning continuation of last year’s high profile attempt by bankruptcy trustees to have a portion of a parents contribution to tuition fees returned to the parents own creditors after they have been forced to file for bankruptcy protection,  A recent report has shown that colleges and universities have returned at least $276K and  … Read more

When you take a step back and consider all the information that is encompassed by the student loan debacle that is currently underway in the U.S., you would not be faulted for thinking that the biggest loan balances are the ones most likely to suffer default. After all, coming out of school with 100k in  … Read more

After you have filed for Chapter 7 bankruptcy protection there are some steps that will occur that you need to be fully prepared for. One of these steps is the meeting of the creditors. This meeting gives the creditors an opportunity to question the applicant about the debts they face, the structure of these debts  … Read more

By now most Americans are aware that there is a huge amount of student loan debt on the Government books and that it is quickly becoming a very hot political potato. Few however are aware of just how staggering this debt really is. Here are some facts that may make you pause just a little  … Read more

The vast majority of people in society today believe that if you initiate bankruptcy protection proceedings then you are fully entitled to that protection. That is not however, always the case. There is a chance that the Court hearing your petition for bankruptcy will refuse to grant the protection that is sought and can do  … Read more

With the huge amount of discussion generated by the ongoing student loan crisis across the U.S., we wondered exactly how things have changed over the years and exactly where the bulk of the $1.2 TRILLION in student loan debt was going. The data compiled showed that the vast majority of new student loan debt is  … Read more

One thing to understand when faced with a rising debt load and a shrinking income is to be very clear that your creditors do have the ability to seek recourse from the courts if a debt goes unpaid and there is no negotiating done on your behalf with the creditor. You can avoid these lawsuits  … Read more

If you are in a position where you are forced to renegotiate with your creditors in an effort to stave off seeking bankruptcy protection, there are some things you need to be aware of and pitfalls that you should avoid at all costs. One of the most important things to understand is whether your debt  … Read more

The idea of being able to get a business loan after going bankrupt almost seems counter intuitive to most individuals. The truth of the matter is that while you may well be able to get a business loan after seeking a Texas bankruptcy protection it will prove to be a little more difficult than it  … Read more