Bankruptcy

It is a cold fact that everything is getting more expensive. Inflation is cruel, making the cost of what you need today like gas, food, clothes, and just about everything more expensive. For many that have incurred debt like mortgages, car loans, credit cards, and medical debt, inflation will surely require hard choices.

A common question asked by our clients who are contemplating filing bankruptcy is whether or not doing so will affect their employment. According to 11 U.S. Code § 525, neither a government or private employer “may terminate the employment of, or discriminate with respect to employment against ...

Debt settlement typically involves contracting with a debt settlement company to handle the negotiations for you. For a fee, the company will negotiate with your creditor to accept a reduced lump-sum payment of what you owe them, mostly on unsecured debt like credit cards.

If you were treated for Covid-19, and the medical bills have started rolling in it’s especially important to be aware of your rights and how to best handle bills that you can’t pay immediately. If you were diagnosed with and treated for Covid-19, make sure you understand how the specific laws enacted could help.

It’s never fun to consider declaring bankruptcy. But, believe it or not, bankruptcy can be a smart financial decision in certain situations. Bankruptcy is designed to give people a fresh start when they need one. And if you file for bankruptcy, you’re taking a big step towards getting your finances under control. That’s always a responsible goal.

According to a Consumer Financial Protection Bureau (CFPB) report issued in January of this year, student loan debt has significantly increased among Americans age 60 and older. How much do you ask? Over the last decade, the number of Americans age 60 or older with one or more student loans quadrupled from 700,000 to almost 2.8 million. Not only is that a significant increase, but that also makes them the fastest-growing segment of the market. In dollar figures, the average debt almost doubled from $12,000 to $23,500 with a total owed of $66.7 billion.

by Mary Conner Pool | Oct 4, 2013

The chapter 13 plan is a document prepared by your attorney and filed with the court that outlines how you will repay your debts over the life of your plan. In other words, it is a repayment plan. The chapter 13 plan directs the trustee on how your chapter 13 payments are to be disbursed to the creditors each month and how long you will be in the plan. A chapter 13 plan may look different from one district to another but the essential premise of the document is the same.