Bankruptcy

Some federal student loan forgiveness programs remain in place or are being expanded. And these programs can provide significant relief. One of these is something that has, in the past, been very difficult to achieve. Discharging your student loan debt through bankruptcy.

It is all over the news, there has been an implosion of cryptocurrency value. This has caused many to start cashing out to avoid large losses. And now, some of the banks and organizations that supported the crypto markets are failing because they do not have the cash to support customer withdrawals.

If a couple wants to file for bankruptcy, they can make the process more efficient by filing a joint petition rather than filing individually. The papers included in the joint petition will cover all of the spouses’ assets and income, as well as their total debts and expenses.

A Federal Reserve report shows U.S. household debt increased to a record $16.15 trillion in the second quarter, driven mostly by a $207 billion jump in mortgage balances, with credit card and auto loan debt also rising as consumers lifted their borrowing to deal with soaring inflation.

When you’ve run into difficult times, it’s not unusual to be unable to pay a bill or have it slip by unnoticed. However, when those debts are sold to a debt collector, you may feel as though you’re in a never-ending battle.

If your loans are eligible, you’ll temporarily regain several student aid and credit reporting benefits. You’ll also get the opportunity to get out of default and keep those benefits for the long term. Eligibility depends on the kind of loans you have, and at what point the loans defaulted.

If you become ill or have been injured in some way treatment can be very expensive. Throw in the cost of preventive care like dental procedures, vision, and hearing the cost of being unhealthy in America, even with health insurance, can destroy anyone’s budget, especially if you have children.

At the Bond & Botes Law Offices bankruptcy is our business. We are focused on helping people get relief from debt. Over the years we have filed 10s of thousands of bankruptcies. Filing bankruptcy for people is how we make our living, many of our clients come to us living paycheck to paycheck and hire us to help end the cycle of living under this great burden.

Decisions That Can Last a Lifetime Should Not be as Easy as Ordering a Pizza

Over the years we have helped tens of thousands of people in Alabama & Mississippi get relief from overwhelming debt. The why and how our help came to be needed is unique to each client. However, there are a few things we found to be common in many cases.