Holiday Bankruptcy – It is not uncommon for a borrower to have available credit, or go out and apply for new credit with the intention of maxing out their credit cards and then filing Chapter 7 bankruptcy. Since its December and Christmas shopping is on everyone’s mind, we thought now would be a perfect time…
What is a discharge in bankruptcy – A bankruptcy discharge releases the debtor from personal liability for certain specified types of debts. In other words, the debtor is no longer legally required to pay any debts that are discharged. The discharge is a permanent order prohibiting the creditors of the debtor from taking any form…
What Should I Expect From My Bankruptcy Lawyer What Should I Expect From My Bankruptcy Lawyer, filing for bankruptcy is a great way to get out from under burdensome debt, and most people feel a tremendous sense of relief when their bankruptcy case is over. But understanding the process and filling out the bankruptcy forms…
Going through bankruptcy during the holidays can be hard. Families throughout the country continue to face financial struggles. The holiday season can be particularly stressful, but some simple tips can help reduce the stress of going through bankruptcy during the holidays. The instability of the American economy has reduced most Americans to a state of…
Relief from Student Loan Debt In a case currently before the 1st Circuit Court of Appeals(includes Maine, Massachusetts, new Hampshire, Puerto Rico, and Rhode Island)Robert Murphy v. U.S. Department of Education the plaintiff seeks to revise the current standards used to determine whether a bankrupt debtor can discharge student loan debt. By way of background,…
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