With few exceptions, student loans are not dischargeable debt through bankruptcy and, because it can be difficult to keep up, many borrowers are defaulting on their student loans. Creditors are quick to act by filing tens of thousands of lawsuits every year against borrowers who have fallen behind. Although creditors seem to wield all the power when suing people to recoup student loan debt, there are some defenses debtors can use to halt student loan collection cases. All too often, … [Read more...]
Archives for March 2018
Should I file for bankruptcy?
Only you can decide if bankruptcy is a good strategy for you after visiting with an experienced bankruptcy attorney. Your attorney can take a look at your debt and expenses compared to your income to determine if a chapter 7 liquidation bankruptcy or a chapter 13 repayment bankruptcy is appropriate for your circumstances. Will My Credit Be Hurt By Filing Bankruptcy? If you elect to move forward with the bankruptcy, you may be concerned that your credit will suffer. It is true that bankruptcy … [Read more...]