Blog: July 2017

bankruptcy lawyersWhen a person or business is so heavily in debt that there is no foreseeable way they can pay back that debt, bankruptcy is one solution. Bankruptcy serves as a way for individuals and companies that cannot meet their financial obligations to be excused from having to pay all or at least some of that debt at the time it is due.

The average student loan debt is growing. That is why many borrowers are doing everything that they can to get rid of it. You have probably heard about the Obama Student Loan Forgiveness program. However, there is actually no program with that name. There are companies that will charge you a fee in order to sign up for an income-based repayment program. However, this is something that you can do on your own for free.

Filing bankruptcy is a very serious personal financial decision for everyone. However, not just anyone can file any type of bankruptcy they choose. All potential bankruptcy petitioners must be means tested with respect to how much debt they have compared to household income.

Get your credit checkedfree credit check

Your credit report is one of the most important documents in your name, and it’s imperative you check your report regularly. Each of the major credit bureaus allows you one free credit check each year, and the best way to take advantage of this is to check one at a time every three months.