Bankruptcy News & Blog

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.

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Can any Taxes be Forgiven in a Chapter 7?

Yes.  The interplay of the tax codes and the Bankruptcy Code is complex, but in somewhat oversimplified terms, if a tax return creating a tax debt was filed more than three years before the filing of the Chapter 7 petition, the tax debt can be discharged. Stated another way, if a Chapter 7 petition is […]

Why is Chapter 7 the Best Option for Some People

Why is Chapter 7 the Best Option for Some People

Sometimes people simply cannot repay their creditors, no matter how good their intentions.  A Chapter 7 forgives a Debtor of most, if not all, of their debts.  A few exceptions are: most taxes child support and/or alimony most student loans court fines and criminal restitution debt arising out of personal injury caused by driving drunk […]

Cases in Review: February, 2015

Cases in Review: February, 2015

“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.