Bankruptcy News & Blog

Common Myths About Bankruptcy

Common Myths About Bankruptcy

(part two) We are continuing our series on debunking common myths about bankruptcy.  Our previous article emphasized the importance of disclosing all of your debts to your bankruptcy attorney.  We also discussed certain debts that are often not eligible for discharge including child support, alimony, tax debt and liens.  Today, we will look at two […]

What Debts Can Bankruptcy Eliminate?

What Debts Can Bankruptcy Eliminate?

One question bankruptcy lawyers are often asked is, “what debts can bankruptcy eliminate?” While the exact answer depends on the type of bankruptcy being filed and your overall situation, in many cases, bankruptcy will discharge most types of unsecured debt.  Let’s take a closer look: Various Types of Unpaid Bills Unsecured debt is debt that […]

Debunking Common Myths About Bankruptcy

Debunking Common Myths About Bankruptcy

There are many myths about bankruptcy.  While it does eliminate the burdens of most debt, some debt is exempt.  The Drose Law Firm is comprised of bankruptcy attorneys who are direct and up front when discussing the different types of bankruptcy options with clients.  Our next series of articles will debunk some common myths about […]

How collectors trick consumers into reviving dead debts

Consumer advocates say there’s an accelerating effort within the $11 billion debt collection industry to make profits from debts the financial industry once wrote off. Read in The Washington Post: 

How the Trump Administration May Reform Student Loans

With more than 44 million student loan borrowers in some stage of repayment, there’s a considerable amount of interest in the Trump administration’s higher education policies. The White House announced two months ago its plan to combine the Department of Education and the Department of Labor to form the Department of Education and the Workforce. […]

Seniors, too, are drowning in student loan debt

It’s not just millennials and recent college graduates drowning in student loans anymore, a good portion of seniors in their 60s are now too. According to a new report by The Wall Street Journal, Americans in the 60 plus age group owe more than $86 billion in student loan debt. Read More

Cases in Review: February, 2015

Cases in Review: July, 2018

“Cases in Review” highlights recent cases that may by of particular interest to consumer bankruptcy practitioners   It is brought to you by Consumer Bankruptcy Abstracts & Research and the National Consumer Bankruptcy Rights Center.

Scam Targets Bankruptcy Filers

Scam Targets Bankruptcy Filers

Phone scammers are targeting bankruptcy filers in several states, using personal information from filings and posing as attorneys to get intended victims to immediately wire money to satisfy a debt. The National Association of Consumer Bankruptcy Attorneys issued a warning that “Under no circumstances would a bankruptcy attorney or staff member telephone a client and ask […]

Reverse Mortgage Loans

Reverse Mortgage Loans

A number of our clients have used reverse mortgages responsibly – like anything, there are lenders in the industry trying to take advantage of people, but if you find someone you trust, and have proper representation, a reverse mortgage can be a good fit.

6 Strategies to Extend Savings Without Working Longer

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Karen Arndt, 60, has tinkered with several retirement calculators, and they all generate the same finger-wagging advice: Keep working, they seem to warn. You’re not even close.