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Category Archives: Bankruptcy Lawyer

Tis’ The Season: Holiday Gift Cards And Bankruptcy

Gift cards are not just for holidays anymore. As a stocking stuffer or a graduation present, gift cards make it easy for those who give and those who receive. We represent clients across the United States taking serious measures to reduce their debt, pay back creditors and improve their credit worthiness. But what measures do… Read More »

Student Loans and Bankruptcy

Student debt in America recently crept above one trillion dollars, meaning that Americans now owe more on their student loans than they do on their credit cards. And the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) changed the rules so that no student loans — public or private — could be discharged… Read More »

How to Prepare for a Meeting with Your Bankruptcy Attorney

If your financial situation has gotten to the point where you think bankruptcy might be the best option for you, the time has come to consult with an experienced bankruptcy attorney. But before you meet with your bankruptcy attorney for the first time, get prepared by doing the following: Know your assets. Write a list… Read More »

Putting an End to Debt Collector Harassment

Anyone can fall behind on their bills. And creditors certainly have the right to let you know that you are behind on payment and to ascertain whether you intend to pay your bills at all. But creditors do not have the right to harass you in any of the following ways: Using foul or obscene… Read More »

Some Tips to Avoid Having Your Car Repossessed

The rate of default on car loans reached an eight-year low of 1.03 percent in May 2012 — but even at that rate, millions of vehicles will be repossessed in the United States this year. Below are some tips to avoid becoming another casualty of the repo man. 1. Communicate. If your personal finances have… Read More »

Why Legal Help Is Vital for Bankruptcy

Many people do not realize the complexities involved with filing bankruptcy. The U.S. Courts’ website contains numerous bankruptcy forms. Understanding the forms alone is an overwhelming task. Bankruptcy filing must also comply with tax laws and protect against any potential challenges from creditors. In addition to providing expertise and legal advice relating to the feasibility… Read More »

Student Loan Debt Rises on the Consumer Debt List

News media outlets such as the Washington Post, CBS News, Fox News, and MSN Money all took their cue in reporting concerns over the fact that student loan debt rose above other key consumer debts. According to a 2012 report issued by the Federal Reserve Bank of New York, student loan debt has reached approximately… Read More »

Proposed Legislation to Deal with the Growing Problem of Student Loan Debt

A Senate judiciary subcommittee is looking into the nation’s growing student loan debt problem. Government data revealed that there was a 15 percent loan default rate at private institutions in 2009. Senate Majority Whip Richard J. Durbin convened the judiciary subcommittee and sponsored legislation to allow individuals to discharge private student loan debts through bankruptcy…. Read More »

A Slice of World Bankruptcy History

The idea of canceling debts is not a new one. In Biblical times, debts were also overwhelming. People virtually had no recourse and when facing insurmountable debt, sold themselves into slavery. During these times, the Old Testament records Mosaic laws that required the Israelites to forgive debtors their debts every seven years. However, this law… Read More »

Undue Hardship and Student Loans

Prior to the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005, private student loans were dischargeable. However the BAPCPA changed that. It is a general fact that under the Bankruptcy Code, student loans are not dischargeable. However, under certain circumstances debtors strapped with student loans can discharge them through bankruptcy. The exception falls… Read More »