April, 2013

Bankruptcy Facts: Common Bankruptcy Myths Dispelled (Part 2)

April 30, 2013

As a continuation of Bankruptcy Facts: Common Bankruptcy Myths Dispelled (Part 1), here are some additional myths versus facts when it comes to bankruptcy. Understanding the truth behind the bankruptcy process and its outcomes will help debtors decide whether bankruptcy is the best choice for them to unburden themselves from debt and achieve a financial…
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Bankruptcy Facts: Common Bankruptcy Myths Dispelled (Part 1)

April 26, 2013

The bankruptcy process can seem particularly daunting to borrowers who have no idea about what it entails or what the outcomes of a bankruptcy case will be. While there are a lot of misconceptions about bankruptcy (italicized below), here are the facts that debtors should consider as they decide or prepare to file for bankruptcy….
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How to Help Your Child Reduce His Future Student Loan Debt (Part 2)

April 24, 2013

As a continuation of How to Help Your Child Reduce His Future Student Loan Debt (Part 1), here are some additional tips on how to cut college costs and reduce the amount of student loan debt you or your college bound child may have to deal with later in life. Give back unused loan dividends:…
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How to Help Your Child Reduce His Future Student Loan Debt (Part 1)

April 22, 2013

Student loan debt has recently exceeded credit card debt as the biggest debt that most Americans carry, and as of 2013, the amount of student loan debt burdening Americans surpassed the $1 trillion level. On an individual level, student loan debt is often a type of debt that stays with graduates for years, if not…
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An Overview of Bankruptcy Terms and Definitions (Part 2)

April 19, 2013

As a continuation of An Overview of Bankruptcy Terms and Definitions (Part 1), here are some additional key terms commonly involved in bankruptcy proceedings: Discharge: The legal term that refers to debt that is eliminated through the bankruptcy process. While a number of unsecured debts can be discharged by bankruptcy, debt that doesn’t qualify to…
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Bankruptcy Fraud: A Serious Federal Crime

April 17, 2013

Bankruptcy fraud is a serious federal crime that both the IRS and the Department of Justice are increasingly focusing on prosecuting, as these agencies see bankruptcy fraud as: Undermining public confidence in the federal bankruptcy system Muddying the reputations of honest citizens who seek bankruptcy as a viable way to relieve them of overwhelming debt…
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An Overview of Bankruptcy Terms and Definitions (Part 1)

April 15, 2013

As you are preparing to go through bankruptcy or are going through the process of filing, being familiar with some of the most commonly used bankruptcy terms and their definitions can be extremely helpful to staying informed about what is happening and what you can expect from the process. The following is an overview of…
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Judge OKs City of Stockton to Move Forward with Bankruptcy

April 12, 2013

A federal judge has recently ruled that the City of Stockton, California will be permitted to move forward with its bankruptcy case and, consequently, to reorganize the city’s debts. While this ruling has come to the dismay of the city’s many creditors, who feel that the city should be forced to try to come up…
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