Disclosure Of Payments Made Prior To Bankruptcy
Bankruptcy law requires that debtors filing for any chapter of bankruptcy disclose on the Statement of Financial Affairs any payments of at least $600 they made to creditors 90 days prior to filing for...
Private Student Loans, Bankruptcy And You
Private student loans are a hot topic right now in the news and in the legislature. Currently, some lawmakers and consumer advocate groups are fighting to make private student loans dischargeable in bankruptcy like...
Can I Reduce Domestic Support Obligations In Bankruptcy?
Debtors who owe domestic support obligations such as child support and alimony will not be able to discharge those debts in bankruptcy. However, a debtor who owes back child support or alimony may be...
Three Reasons Parents Should Think Twice Before Taking Out Student Loans For Their Kids
The government just released a report saying that 7 out of 10 high school graduates will go on to college. That's up from 6 out of 10 in 2001. Unfortunately, while the number of...
Handling Student Loan Debt After Bankruptcy
Student Loan Debt After Bankruptcy Like child support obligations and some types of taxes, student loan debt will most likely survive your bankruptcy filing unless you can prove that repaying them will cause an...
Realities Debtors Should Consider Before Settling Debt
With the unemployment rate still above 9 percent, many debtors have found themselves unemployed for one or two years. Unfortunately for the unemployed debtor, daily expenses remain and can eventually exhaust the debtor's savings,...
What Credit Card Debtors Should Know About The Statute Of Limitations
Credit Card lenders and their debt collectors have a limited amount of time to sue debtors for failing to repay credit card debt. In the state of Texas, the statute of limitations for open...