Seniors are the fastest growing category of student loan debtors. Many of the loans are not from their own college days, but were taken out to help their children and grandchildren in the face of skyrocketing education costs. Of course, many seniors are among the least able to tackle debt because many are living on a fixed income instead of pulling a paycheck. As a consequence, delinquencies on student loans among seniors is on the rise. Some federal loan borrowers have had their Social … [Read more...]
Archives for August 2017
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Filing Bankruptcy Before or After a Divorce
Not surprisingly, many who have been through a divorce may inevitably consider bankruptcy protection because of the costs associated with ending a marriage. First of all, obtaining a legal divorce can be expensive. Retaining an attorney often costs thousand of dollars and, if it is a contested divorce, legal expenses can add up quickly. Typically as part of a divorce settlement, martital assets will be divided, which may decrease savings and retirement account balances as well as result in … [Read more...]
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