Content Related To 'bankruptcy and debt'

The Discharge of Student Loans in Bankruptcy

Can You Discharge Student Loan Payments in Bankruptcy? For many Americans struggling with overwhelming debt, the single biggest obligation they face is student loans. Unfortunately, it is extremely hard to discharge student loan debt in bankruptcy. Here are the limited circumstances when you may successfully rid yourself of such a debt. Do You Qualify for […]

Chapter 7 and Chapter 13 Bankruptcy Q & A

An interview with attorney Steven Neuner of Neuner & Ventura LLP What is the difference between Chapter 7 and Chapter 13 bankruptcy? In general, Chapter 7 allows you to wipe out most if not all of your unsecured debt while Chapter 13 requires you to repay what you owe your creditors based on what you […]

Filing bankruptcy for tax purposes

If you wish to file for bankruptcy only because of your tax liability, you should think twice. There are timing requirements that must be adhered to in order for your personal taxes to be dischargeable. Additionally, your credit history will be tarnished and you will end up paying more in the future for purchases you’ll […]

Writ of Garnishment

After a breach of contract a court can order that wages, bank account, or other property of the breaching party held by third persons be paid over to satisfy judgment. Federal and state laws limit the amount of the breaching party’s wages or salary that can be garnished. This is one of the enforcements that […]

Liability for certain debts

Unless you have taken on the responsibility to pay a particular debt, such as if you’re a cosigner for a loan or the debt is charged to a joint account, you will not be held liable for any debts that are obtained by your partner.

Bankruptcy And Debt

Lea en español It can happen to just about anyone. An unexpected event—the loss of your job, an injury or illness, or a divorce—can suddenly make it impossible for you to meet your financial obligations. The American bankruptcy laws were enacted to give people the opportunity for a fresh start—to put behind them the stress […]