The Top Ten Reasons For Bankruptcy
1. Eliminate Your Debts. The entire goal of bankruptcy is to eliminate debt. In bankruptcy terminology this is known as a “discharge” of debts. Whether you file a Chapter 7 or Chapter 13 bankruptcy,...
View ArticleCan Student Loans Be Discharged in Bankruptcy?
Student loans cannot easily be discharged through bankruptcy. If you are considering filing for bankruptcy in the Washington, D.C. area, you should know that certain types of debt are generally...
View ArticleHow Do I Stop Garnishment?
Garnishment (or “attachment”) is a last-ditch effort at debt collection, a tool of last resort for creditors. When you default on a debt, and the creditor is unsuccessful in recovering on the debt, a...
View ArticleCan Student Loans be Discharged Through Bankruptcy in Washington DC?
Today, one of the biggest debt problems that many people face is student loan debt. According to American Student Assistance, around 60 percent of college students — or 12 million college students each...
View ArticleStudent Loan Dischargeability in Virginia
According to American Student Assistance, around 60 percent of all students attending college or pursuing higher education borrow money to pay for tuition. As of 2012, the average student loan balance...
View ArticleThe Top Ten Reasons For Bankruptcy
1. Eliminate Your Debts. The entire goal of bankruptcy is to eliminate debt. In bankruptcy terminology this is known as a “discharge” of debts. Whether you file a Chapter 7 or Chapter 13 bankruptcy, by...
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Are student loans dischargeable in bankruptcy?
In the United States there is more than $1.2 trillion in outstanding student loan debt, 40 million borrowers, an average balance of $29,000. Are student loans dischargeable in bankruptcy? No. If you...
View ArticleHow Do I Stop Garnishment?
Garnishment (or “attachment”) is a last-ditch effort at debt collection, a tool of last resort for creditors. When you default on a debt, and the creditor is unsuccessful in recovering on the debt, a...
View ArticleClik here to view.
Can Student Loans in DC Be Discharged Through Bankruptcy?
Today, one of the biggest debt problems that many people face is student loan debt. According to American Student Assistance, around 60 percent of college students — or 12 million college students...
View ArticleClik here to view.
Student Loan Dischargeability in Virginia
According to American Student Assistance, around 60 percent of all students attending college or pursuing higher education borrow money to pay for tuition. As of 2012, the average student loan balance...
View ArticleClik here to view.
Student Loans and Bankruptcy in Washington: Does Bankruptcy Get Rid of...
Today, the average student in the United States graduates with $29,400 in student loan debt. High youth unemployment may make it very difficult for many of these students to repay the debts that they...
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Student Loans Jeopardize Retirement for Older Americans
Retirement is supposed to be a time to leave behind the hassles and stress of the workforce, the reward a lifetime’s contribution to the economy and country. Although student loans are usually...
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Targeted Student Loan Forgiveness Could Narrow the Racial Wealth Gap
The racial wage gap is wider today than in it was in 1979. And according to this recent Washington Post article, student debt is exacerbating the gap. Student loans make it more difficult for to save...
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Washington D.C. Area Residents with the Highest Student Loan Debt
New research from WalletHub compares the average student loan debt to median income of residents in more than 2,500 U.S. cities. The research allows us to see who in the Washington, D.C. area has the...
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Student Loans are Holding Back Home Ownership
America’s student-loan debt grows by $2,726 every second. Total student loan debt in the United States has topped $1.3 trillion, second only to mortgage debt. Nearly one-third (30%) of Americans know...
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What Happens to Student Loans in Chapter 13 Bankruptcy?
Student loans remain valid debts after discharge in either Chapter 7 bankruptcy or Chapter 13 bankruptcy. However, paying your student loans in Chapter 13 bankruptcy allows you some breathing room to...
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Is There a Statute of Limitations on Student Loans?
A statute of limitations sets the maximum time after you default on a debt within which the creditor can sue you. Statutes of limitations protect defendants from plaintiffs who do not pursue legal...
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Student Loans and the Means Test in Chapter 7 Bankruptcy
The Chapter 7 “means test” determines whether your income qualifies you for a Chapter 7 bankruptcy. Otherwise known as the Chapter 7 Statement of Your Current Monthly Income, the means test prevents...
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How Do Student Loans Affect Taxes?
Student loans affect taxes in ways very different from other long-term debt obligations. Taxes are an inevitability, as noticed by one of our founders. Our new Constitution . . . promises permanency;...
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Washington DC Has the Most Student Debt in the Nation
Washington DC is a great place to live. And the residents who live here are some of the most educated in the nation. But as might be expected, Washington DC also has the most student debt in the...
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