News & Announcements
There has been a lot of talk about student loans in the news lately, so we thought it might be interesting to share a bit of history about how the federal student loan program started. The first federal student loans were provided under the National Defense Education Act of 1958. These were direct loans funded with U.S. Treasury funds.
If you are like thousands of graduates across the country wondering how you will ever repay all of your student loan debt, it is important to protect yourself from the scam artists looking to take advantage of you. Reports of predatory companies looking to benefit from your feelings of desperation are on the rise. They make promises that your student loans can be eliminated, you can obtain debt relief for free, or they offer zero percent interest rates. The catch – you must pay upfront fees to obtain their services, which accomplishes nothing (if they even do anything for you at all).
Many individuals across the country are struggling financially, but many of them do not believe that they will file for bankruptcy protection. Sadly, many of these people lost assets and savings that would be protected if they filed a Chapter 7, Chapter 11, or Chapter 13 bankruptcy. How do you know if filing a personal bankruptcy could benefit you? Below are a few indicators that filing for debt relief (sooner rather than later) could benefit you:
If your federal student loans are in default status, you have likely started receiving notices from the government. One of these notices probably states that your wages are going to be garnished. Most borrowers are already struggling financially, so the thought of having their paycheck garnished can be stressful. Don’t give up hope – we can help.
Whether or not an individual believes in owning firearms can be a controversial topic. However, it is a right protected by the U.S. Constitution and protected by bankruptcy law. Whether you own a gun for self-defense, as a tool of your trade, as an investment, or for recreational purposes, a firearm is an asset that must be disclosed in your personal bankruptcy filing. However, there are several exemptions that may be applied to protect your guns..