Below you'll find a list of all posts that have been tagged as “bankruptcy”
This week it was revealed that Corinthian College would be filing for Chapter 11 bankruptcy protection. This comes shortly after the announcement that Corinthian would be closing down its remaining 28 campuses. For those not familiar with Corinthian, it is a for-profit company that operated numerous colleges. It recently became …
This week 13 Democratic Senators announced a bill to bring bankruptcy back to the world of student loans. While this announcement comes on the heels of President Obama’s Student Aid Bill of Rights announcement, it is a much bigger step than the President was willing to take. The Senate Bill, called …
For most people who run into a personal finance crisis, bankruptcy is a last act of desperation to get their debt under control. It isn’t pretty or easy, and it follows you around for years, but it is the first step to a fresh start. A glaring exception to the …
For many borrowers of student loans find themselves also saddled with credit card debt. The many differences between these two types of debt make it very difficult to decide which one is a bigger priority to pay off first. A good rule of thumb for debt repayment is that the …
Senator Elizabeth Warren recently announced some fascinating proposals to fix the student loan crisis. You may best know Senator Warren as the Harvard Law Professor who helped create the Consumer Financial Protection Bureau. Today Senator Warren directed her focus towards addressing the trillion dollar student loan problem. She set out …
Finding representation in a student loan discharge case can be very difficult. Getting rid of student loans requires a very specialized bankruptcy attorney, and there are not many attorneys who practice in this area. However, if you follow the steps I have laid out below, you will be able to …
With student loan interest rates set to double on July 1, the student loan debate has grabbed a lot of headlines. At this point in time both the Democrats and the Republicans seem to agree that action needs to be taken. Unfortunately, not everyone has come to the realization that …
In Part One of our collection of Student Loan Legislation Plans, we looked at the plans proposed by President Obama and the House. Today we shift our focus over to the Senate and the plans to change the bankruptcy laws. If none of these laws are enacted by July 1, …
With federal student loan interest rates set to double July 1, there has been much debate over what should happen with the rate. However, the real issues facing those with student loans continue to be ignored. The news and discussion regarding the student loan debate reminds me of one of …
There seems to be two prevailing notions among borrowers when it comes to student loans and bankruptcy. The first is that student loans work just like credit cards, if you get too far over your head you can declare bankruptcy and get a fresh start. The second is that it …
