Follow this advice if bankruptcy might be on the horizon and learn about common bankruptcy mistakes. If you are considering filing for bankruptcy in the near future, you should make sure that you do not make pre-filing mistakes. Many people repeat these bankruptcy mistakes, because they are trying to make honest efforts to get their financial [...]
As the economy worsens, many adults who have experienced a job loss are thinking about returning to school to learn a new skill and become more manageable in today's job market. Unfortunately, getting a second degree usually means more student loan debts, especially for the "mature" student. Things to consider before taking out student debts: [...]
Discharging Student Loans and Bankruptcy Many people ask me about discharging student loans when they're looking into filing for bankruptcy. Typically, student loans aren't discharged during bankruptcy proceedings. It's not impossible to accomplish if you can show that paying the student loan debt "will impose an undue hardship on you and your dependents". Bankruptcy judges [...]
Debt Consolidation Scams Many debtors do everything they can to avoid filing Bankruptcy, an effort that often sends them through debt consolidation before they end up in bankruptcy court. As we have warned before, be very wary of debt consolidation or debt settlement companies who are not legitimate and/or make claims that they can make [...]