FYI
New Developments in Discharging Federal Student Loan Debt in Bankruptcy
January 10th, 2023
On November 17, 2022, the U.S. Department of Justice put out new guidance to Justice Department attorneys regarding requests to discharge student loans in bankruptcy cases.
Current Law
Pursuant to 11 U.S.C. §523(a)(8), certain stu…
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Categories: Other FYI
What the Debt Consolidation Companies Don’t Tell You
January 5th, 2021
Debt consolidation companies spend a lot of money creating an image that bankruptcy should be avoided at all costs, but the facts reveal that bankruptcy is a better option for most people a vast majority of the time.
A typical debt consolidation plan…
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Categories: Other FYI
How Can a Chapter 13 Bankruptcy Save My Home
March 30th, 2020
If you have fallen behind on your mortgage payments, a Chapter 13 can save your home by enabling you to repay the missed mortgage payments over a 3 or 5 year period. Most people don’t have the ability to cure the mortgage default by makin…
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Categories: Other FYI
Use Bankruptcy to “Cramdown” a Mortgage on Investment Property
October 11th, 2017
Since the great recession, property values have plummeted leaving many properties underwater, whereby the mortgage or mortgages on the property are greater than the value of the property. Under 11 U.S.C. 506(a) and 11 U.S.C. 1322, you can cramdown th…
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