Credit card debt owed by American consumers hit an all-time high of 1.02 trillion dollars in November of 2017. Total household debt, which also includes car loans, mortgages, and … [Read more...]
Senior Citizens And Student Loan Debt
According to the Consumer Financial Protection Bureau student loan debt owed by borrowers aged 60 and older has quadrupled over the last 10 years. The average amount owed has … [Read more...]
Can A Bankruptcy Debtor Keep Assets That Are Subject To A Bank’s Lien?
Most bankruptcy debtors have home mortgages and motor vehicle loans. These debtors have pledged their homes, and their cars, as collateral for the loans. Under the United States … [Read more...]
Should You File Bankruptcy If You Are Not A U.S. Citizen?
Bankruptcy is not restricted to U.S. citizens. Pursuant to the Bankruptcy Code a person that resides, or has a place of business or property, in the United States may file … [Read more...]
Possible Relaxation Of Student Loan Undue Hardship Test?
Under the Brunner “undue hardship” test it is extremely difficult to cancel student loan debt in bankruptcy. Some courts are beginning to relax this test, as we can see from a … [Read more...]
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