Student loans are some of the easiest loans to obtain and often the hardest to repay. Many Florida residents are struggling to repay their student loans. To make matters worse, these loans are not ordinarily eligible for discharge in bankruptcy, which means that...
Month: April 2016
The FHFA could make avoiding home foreclosure easier for some
Despite the fact that the recession and the housing market crash are considered to be over, there are still thousands of homeowners here in Florida and elsewhere whose mortgages are underwater (homeowners owe more than the home is worth). In response to this, the...
Court rejects Chapter 13 bankruptcy repayment plan
Many Florida residents feel that they need to file for bankruptcy, but they want to be able to keep their assets -- particularly their homes. Therefore, they file for Chapter 13 bankruptcy, which is often more homeowner friendly than Chapter 7. The mortgage loan for...
It is possible to stop harassment by your creditors
Debt can sneak up on Florida residents so slowly that by the time they notice they are in trouble, it is too late. Creditors are sending letters and calling in an attempt to receive payment despite the fact that the debtors are unable to pay. Fortunately, it is...
Do not let common misconceptions prevent a Chapter 7 bankruptcy
Florida residents who are struggling to get by and unable to pay their debts might begin their search for debt relief online. Numerous sites proclaim that certain misconceptions about Chapter 7 bankruptcy are true seemingly in an attempt to promote a debt relief...
The credit report: Your first tool to getting out of debt
It's easy to fall into the debt trap, but not very easy to crawl out. For someone living paycheck to paycheck, a major life event like a job loss or unexpected medical bill can result in a growing mound of debt. To make ends meet, many people are often forced to turn...
Certain debts are not discharged in a Chapter 13 bankruptcy
There is a common misconception that if an individual files bankruptcy, all of his or her debts will be wiped clean. However, that is not necessarily true. Regardless of whether a consumer here in Florida or anywhere else in the country files a Chapter 7 or Chapter 13...
Chapter 7 bankruptcy and the BAPCPA
BAPCPA is shorthand for the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which President Bush signed into law during his term as President of the United States. It made significant changes to the Chapter 7 bankruptcy process. The major change is...
Could bankruptcy provide student loan debt relief in the future?
This is a question that thousands, if not millions, of college graduates here in Florida and across the nation might be asking themselves. Research indicates that the a crisis is brewing when it comes to student loans, which now total around $1.5 trillion nationwide....