News & Announcements
You worked hard in school. You got into the college of your choice. You made good grades, and you graduated with Pomp and Circumstance. Now what? Are you on your on your way to your dream job? At the end of 2013, American students owed approximately $1.08 trillion in aggregate student loan debt. Nowadays, instead of choosing a career based on your interests, aptitudes, or values, any job that can help you reduce or eliminate your student loan debt may be the dream job for you.
If you are struggling financially, it may be time to consider how filing a bankruptcy could benefit you and your family. An individual who wants to file bankruptcy will either file a case under Chapter 7, Chapter 11, or Chapter 13. Each type of case has its own pros and cons to consider. This blog focuses on the benefits provided by a Chapter 7 filing:
Before your personal bankruptcy case is filed, it is imperative that you review your Petition, Schedules and Statement of Financial Affairs to verify that all of the information is true and correct. However, because we are all human, it is always possible for something to get overlooked or for an error to occur. What can you do if you discover a mistake after your bankruptcy case has been closed? The law provides you with a procedure for reopening your case to cure an error. Examples of the type of mistakes you can reopen a case to fix include:
When you reach your "golden years," you are entitled to many specials and benefits. Unfortunately, when it comes to filing a bankruptcy case, a senior citizen must follow the same rules and procedures as everyone else. However, filing a personal bankruptcy can still be beneficial for older adults.
The Health Assistance Loan Program (HEAL) provided insurance for lenders participating in the student loan program and lending money to students in medical and healthcare related fields. HEAL was an active program from 1978 until 1998.