Blog Category: Loans


Debt Relief Delayed for Defrauded Students

Debt Relief Delayed for Defrauded Students

In a story that has been unfolding over the last 4 years, students who were defrauded by colleges are still waiting to have their debt forgiven. The problem stems from a string of for-profit colleges, mainly Corinthian College, which closed in 2015. The next year, the Department of Education announced they would allow borrowers who  … Read more

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Cash-out Refinance Preventing Bankruptcy

Cash-out Refinance Preventing Bankruptcy

When considering bankruptcy, you may encounter unique and creative ways to protect your assets and prevent declaring bankruptcy. Sometimes these methods work and in other cases they delay the need to declare bankruptcy. Cash-out refinancing preventing bankruptcy is one strategy. It is a one of these methods that could give you access to seemingly cheap  … Read more

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Reaffirmation Agreements

Reaffirmation Agreements

In a Chapter 7 bankruptcy, you are free of all debts except for tax payments and other necessary payouts like child support. Your secured loans are also removed from you in the sense that they have some kind of backing in the form of property, so personal liability is removed. Lenders are not free to  … Read more

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Taking Out Loans to Pay Debts

Taking Out Loans to Pay Debts

Debts can be a burden on you, especially when you default and your credit score goes all awry. In many cases, it is actually better for you if you simply file for bankruptcy and deal with your debts that way. However, if you wish to not file for bankruptcy, which again does little to help  … Read more

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Payday Loans During Bankruptcy

Payday Loans During Bankruptcy

There are many ways in which payday loans are handled in case of a bankruptcy. First, it is vital that you understand that there are two types of bankruptcies; chapter 7 and chapter 13. A chapter 7 is when your assets are sold and you are liquidated. Payday loans during bankruptcy will be paid off and  … Read more

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Managing Student Loan Debt

Managing Student Loan Debt

There is no doubt that Gen X and Millennials now face more debt than prior generations. The student loan debt problem is a real burden among young adults today. The effects are far reaching. Poisoning their take home pay and ability qualify for a home. While we can all agree that college should be more affordable, managing  … Read more

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Loan Company Refuses To Negotiate. What Should I Do?

Loan Company Refuses To Negotiate. What Should I Do?

A common question for bankruptcy attorneys is from those who have taken out a loan from a “loan company” or another lender that is not a bank and subsequently hit a rough patch causing them to be unable to repay the loan. What is the best course of action for someone in this predicament? The  … Read more

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Reaffirmation Agreement Tips

Reaffirmation Agreement Tips

When you file for a Chapter 7 bankruptcy and have secured personal property loans, you have a choice as to whether you want to relinquish the item be it a car, furniture, electronics or something similar or reaffirm the debt and continue paying for the item even after your discharge. The opportunity to renegotiate the  … Read more

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Payday Loans Could Be Leading You To Bankruptcy

Payday Loans Could Be Leading You To Bankruptcy

When individuals run into financial difficulty they sometimes panic and make decisions that are not in their best interest. Most often credit card debt or even medical debt can be mounting and there just isn’t enough money from one paycheck to the next after the bills have been paid to get through. What will happen  … Read more

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Getting a Business Loan after Bankruptcy

Getting a Business Loan after Bankruptcy

Individuals that are filing for bankruptcy not only have to consider what this action is going to do for them here and now but in the future as well. It is most likely your personal bankruptcy is going to remain on your credit report for at least seven years and maybe up to ten. While  … Read more

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