Student Loans and Bankruptcy

Student Loans and Bankruptcy

  • Worried About Your Creditor's Meeting? What To Know

    A chapter 7 bankruptcy filing is a big deal, and it pays to understand the full ramifications. One thing most filers get unnecessarily worried about, though, is unworthy of a single sleepless night. Read on and find out what happens at the creditor's meeting. The official name of this meeting is the 341 meeting, so named after the bankruptcy code number. It is usually held a few weeks after you file, and you will be sent notice of it by mail.

  • Will The IRS Have A Say In Your Bankruptcy?

    Filing for chapter 7 bankruptcy is a big move and one that should be made only after careful consideration. One primary area of concern is how much of your debt can be eliminated with a filing. After all, if you are to make the most of the filing at your bankruptcy law firm, it pays to know what can be included. Tax debts are one of those confusing areas when it comes to what can and what cannot be forgiven with a chapter 7 filing.

  • What Bankruptcy Attorneys Recommend To Those About To File For Bankruptcy

    If you've found yourself in a serious amount of debt, filing for bankruptcy may be the only way out. If you're contemplating this as a real option, it's important to consider the following advice from bankruptcy attorneys. It will help you get through this process smoothly.  Carefully Assess Your Finances First  Since filing for bankruptcy can affect your finances for quite some time, it's important to decide if this is really the route you should take.

  • Is Bankruptcy The Right Choice For You?

    If you are buried in bills, you may feel like you are running out of options. Fortunately, there may be help for your situation – bankruptcy. Bankruptcy isn't a suitable choice for everyone, though. The following guide can help you determine whether it is the best solution in your case. What types of debts do you have? Not all debts can be discharged by bankruptcy. If the bulk of your debts don't qualify for discharge or a repayment agreement via bankruptcy, then there is no point in filing.

  • Payday Loans: Can They Be Discharged With Bankruptcy?

    For those with financial difficulties, a payday loan can be a life-saver when an emergency arises and cash is short. Unfortunately, those who need those payday loans are often also headed for a bankruptcy filing. Whether it's due to unexpected medical bills or poor money management skills, the need to file for bankruptcy after getting involved in a payday loan can add a layer of uncertainly to your decision to file.

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    About Me
    Student Loans and Bankruptcy

    Thank you for visiting my website. My name is Melanie. I am a 31-year-old woman who recently found myself unable to pay my bills following a devastating divorce. I created this website because I know there are a lot of misconceptions out there about filing for bankruptcy when you have student loans. I read about many of these misconceptions when doing my own research. Ultimately, I hired an attorney who helped me learn the truth. If you have loans, you may be able to get them discharged, though it is challenging and rare. If you are drowning in debt and have student loans as well, I hope my website helps you learn about bankruptcy and how student loans may affect it.