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Managing Your Finances

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...