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The American Bankruptcy Institute ‘ABI’ released a report addressing the astronomically high failure rate of chapter 13 bankruptcy. The findings are not surprising for those of us who work in this world, but are shocking for the rest of the consumer community.
It is likely that many bankruptcy judges have never had a successful chapter 13 pro se case.
Chapter 13 bankruptcy
According to the Report addressing pro se cases (filed without an attorney) Each year 25,000-40,000 debtors decide to file a chapter 13 case without an attorney. In California, one-third of chapter 13 cases have been filed pro se, accounting for nearly 40 percent of all such cases nationwide.
Only about one in 45 pro se chapter 13 cases result in a completed bankruptcy plan.
Regardless of where the cases are filed, the data paints a fairly dismal picture of the consequences of a pro se filing. More than half are dismissed within three months of filing, and more than 80 percent are gone with-in six months.
Chapter 13 bankruptcy – path to success or failure?
Chapter 13 bankruptcy[/caption]
Less than one in 200 pro se debtors who satisfy all three of these criteria below end up with a successfully completed repayment plan.
The pro se success rates are even worse for debtors with:
- only one source of income (only one working debtor),
- debtors with a prior filing and
- debtors who do not pay their filing fees.
The moral is – you would not do your own open heart surgery, why would you do something as complicated as a chapter 13 without an experienced bankruptcy attorney in your corner?
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About the Author:
Diane L. Drain is a well known and respected Arizona bankruptcy attorney. She is an expert in both consumer bankruptcy and Arizona foreclosure. Since 1985 she has been a dedicated advocate for her clients and spokesperson for Arizona citizens. Diane is a retired professor of law teaching bankruptcy for more than 20 years. As a teacher she believes in offering everyone, not just her clients, advice about the Arizona bankruptcy laws. She is also a mentor to hundreds of Arizona attorneys. 
I would be flattered if you connected with me on GOOGLE+
*Important Note from Diane: Nothing on this website should be construed as establishing a lawyer-client relationship between you, me, the author of any page or the website owner (me) who happens to be a lawyer. Everything on this web site is available for educational purposes only, is not intended to provide legal advice nor create an attorney client relationship between you, me, or the author of any article. You may pick up some information about bankruptcy, foreclosure or the practice of law written by myself or others. Any information in this web site should not be used as a substitute for competent legal advice from an attorney familiar with your personal circumstances and licensed to practice law in your state.*
The post Why Chapter 13 Bankruptcy Can Be Doomed for Failure appeared first on Diane L. Drain - Phoenix Bankruptcy & Foreclosure Attorney.
The American Bankruptcy Institute ‘ABI’ released a report addressing the astronomically high failure rate of chapter 13 bankruptcy. The findings are not surprising for those of us who work in this world, but are shocking for the rest of the consumer community.
It is likely that many bankruptcy judges have never had a successful chapter 13 pro se case.
Chapter 13 bankruptcy
According to the Report addressing pro se cases (filed without an attorney) Each year 25,000-40,000 debtors decide to file a chapter 13 case without an attorney. In California, one-third of chapter 13 cases have been filed pro se, accounting for nearly 40 percent of all such cases nationwide.
Only about one in 45 pro se chapter 13 cases result in a completed bankruptcy plan.
Regardless of where the cases are filed, the data paints a fairly dismal picture of the consequences of a pro se filing. More than half are dismissed within three months of filing, and more than 80 percent are gone with-in six months.
Chapter 13 bankruptcy – path to success or failure?
Chapter 13 bankruptcy[/caption]
Less than one in 200 pro se debtors who satisfy all three of these criteria below end up with a successfully completed repayment plan.
The pro se success rates are even worse for debtors with:
- only one source of income (only one working debtor),
- debtors with a prior filing and
- debtors who do not pay their filing fees.
The moral is – you would not do your own open heart surgery, why would you do something as complicated as a chapter 13 without an experienced bankruptcy attorney in your corner?
Share this entry
About the Author:
Diane L. Drain is a well known and respected Arizona bankruptcy attorney. She is an expert in both consumer bankruptcy and Arizona foreclosure. Since 1985 she has been a dedicated advocate for her clients and spokesperson for Arizona citizens. Diane is a retired professor of law teaching bankruptcy for more than 20 years. As a teacher she believes in offering everyone, not just her clients, advice about the Arizona bankruptcy laws. She is also a mentor to hundreds of Arizona attorneys. 
I would be flattered if you connected with me on GOOGLE+
*Important Note from Diane: Nothing on this website should be construed as establishing a lawyer-client relationship between you, me, the author of any page or the website owner (me) who happens to be a lawyer. Everything on this web site is available for educational purposes only, is not intended to provide legal advice nor create an attorney client relationship between you, me, or the author of any article. You may pick up some information about bankruptcy, foreclosure or the practice of law written by myself or others. Any information in this web site should not be used as a substitute for competent legal advice from an attorney familiar with your personal circumstances and licensed to practice law in your state.*
The post Why Chapter 13 Bankruptcy Can Be Doomed for Failure appeared first on Diane L. Drain - Phoenix Bankruptcy & Foreclosure Attorney.
CFPB REPORT WARNS THAT TAKING OUT A REVERSE MORTGAGE LOAN CAN BE AN EXPENSIVE WAY TO MAXIMIZE SOCIAL SECURITY BENEFITS
Reprint from The Consumer Financial Protection Bureau (CFPB) (8/24/2017) CFPB issued a report warning older consumers about taking out a reverse mortgage loan in order to bridge the gap in income while delaying Social Security benefits until a later age. In general the costs and risks of taking out a reverse mortgage exceed the cumulative increase in Social Security lifetime benefits that homeowners would receive by delayed claiming.
“A reverse mortgage loan can help some older homeowners meet financial needs, but can also jeopardize their retirement if not used carefully,” said CFPB Director Richard Cordray. “For consumers whose main asset is their home, taking out a reverse mortgage to delay Social Security claiming may risk their financial security because the cost of the loan will likely be more than the benefit they gain.”
- Costs of a reverse mortgage can exceed the lifetime benefit of waiting to claim Social Security: The average length of a reverse mortgage loan borrowed at age 62 is seven years. By age 69, borrowers that pursue this strategy will pay approximately 60 percent in costs (interest, insurance, and fees) for the amount borrowed to bridge the gap in income while delaying Social Security benefits until a later age. Because reverse mortgages are an expensive way to delay Social Security, the report found that by age 69, the costs of a reverse mortgage loan are $2,300 higher than the additional cumulative lifetime amount the typical borrower will expect to gain from an increased Social Security benefit.
- Decreased home equity limits options to handle future financial needs: A reverse mortgage reduces the equity homeowners have in their house. Homeowners who wish to sell their homes after taking out a reverse mortgage are particularly at risk because the loan balance is likely to grow faster than their home values will appreciate. This could limit options for moving or handling a financial shock. For example, a 62-year-old homeowner who has a home worth $175,000, with a 2 percent appreciation per year, will have 61 percent of the home’s total value available as equity at age 67. By age 85, this homeowner will have only about 16 percent of equity in the home if they sell the house.
CFPB Releases Consumer Guide and Video Explaining Reverse Mortgages
The Bureau released the following guide and video to help prospective borrowers and their families understand how reverse mortgages work so that they can make an informed decision before agreeing to borrow.
The report can be found at: http://files.consumerfinance.gov/f/documents/201708_cfpb_costs-and-risks-of-using-reverse-mortgage-to-delay-collecting-ss.pdf
The “Reverse Mortgage Discussion Guide” can be found at: http://files.consumerfinance.gov/f/documents/cfpb_reverse-mortgage-discussion-guide.pdf
The video explaining reverse mortgages can be found at: https://youtu.be/L89d3faoFGw
Share this entry
About the Author:
Diane L. Drain is a well known and respected Arizona bankruptcy attorney. She is an expert in both consumer bankruptcy and Arizona foreclosure. Since 1985 she has been a dedicated advocate for her clients and spokesperson for Arizona citizens. Diane is a retired professor of law teaching bankruptcy for more than 20 years. As a teacher she believes in offering everyone, not just her clients, advice about the Arizona bankruptcy laws. She is also a mentor to hundreds of Arizona attorneys.
I would be flattered if you connected with me on GOOGLE+
*Important Note from Diane: Nothing on this website should be construed as establishing a lawyer-client relationship between you, me, the author of any page or the website owner (me) who happens to be a lawyer. Everything on this web site is available for educational purposes only, is not intended to provide legal advice nor create an attorney client relationship between you, me, or the author of any article. You may pick up some information about bankruptcy, foreclosure or the practice of law written by myself or others. Any information in this web site should not be used as a substitute for competent legal advice from an attorney familiar with your personal circumstances and licensed to practice law in your state.*
The post Reverse Mortgage – good or bad idea? appeared first on Diane L. Drain - Phoenix Bankruptcy & Foreclosure Attorney.
CFPB REPORT WARNS THAT TAKING OUT A REVERSE MORTGAGE LOAN CAN BE AN EXPENSIVE WAY TO MAXIMIZE SOCIAL SECURITY BENEFITS
Reprint from The Consumer Financial Protection Bureau (CFPB) (8/24/2017) CFPB issued a report warning older consumers about taking out a reverse mortgage loan in order to bridge the gap in income while delaying Social Security benefits until a later age. In general the costs and risks of taking out a reverse mortgage exceed the cumulative increase in Social Security lifetime benefits that homeowners would receive by delayed claiming.
“A reverse mortgage loan can help some older homeowners meet financial needs, but can also jeopardize their retirement if not used carefully,” said CFPB Director Richard Cordray. “For consumers whose main asset is their home, taking out a reverse mortgage to delay Social Security claiming may risk their financial security because the cost of the loan will likely be more than the benefit they gain.”
- Costs of a reverse mortgage can exceed the lifetime benefit of waiting to claim Social Security: The average length of a reverse mortgage loan borrowed at age 62 is seven years. By age 69, borrowers that pursue this strategy will pay approximately 60 percent in costs (interest, insurance, and fees) for the amount borrowed to bridge the gap in income while delaying Social Security benefits until a later age. Because reverse mortgages are an expensive way to delay Social Security, the report found that by age 69, the costs of a reverse mortgage loan are $2,300 higher than the additional cumulative lifetime amount the typical borrower will expect to gain from an increased Social Security benefit.
- Decreased home equity limits options to handle future financial needs: A reverse mortgage reduces the equity homeowners have in their house. Homeowners who wish to sell their homes after taking out a reverse mortgage are particularly at risk because the loan balance is likely to grow faster than their home values will appreciate. This could limit options for moving or handling a financial shock. For example, a 62-year-old homeowner who has a home worth $175,000, with a 2 percent appreciation per year, will have 61 percent of the home’s total value available as equity at age 67. By age 85, this homeowner will have only about 16 percent of equity in the home if they sell the house.
CFPB Releases Consumer Guide and Video Explaining Reverse Mortgages
The Bureau released the following guide and video to help prospective borrowers and their families understand how reverse mortgages work so that they can make an informed decision before agreeing to borrow.
The report can be found at: http://files.consumerfinance.gov/f/documents/201708_cfpb_costs-and-risks-of-using-reverse-mortgage-to-delay-collecting-ss.pdf
The “Reverse Mortgage Discussion Guide” can be found at: http://files.consumerfinance.gov/f/documents/cfpb_reverse-mortgage-discussion-guide.pdf
The video explaining reverse mortgages can be found at: https://youtu.be/L89d3faoFGw
Share this entry
About the Author:
Diane L. Drain is a well known and respected Arizona bankruptcy attorney. She is an expert in both consumer bankruptcy and Arizona foreclosure. Since 1985 she has been a dedicated advocate for her clients and spokesperson for Arizona citizens. Diane is a retired professor of law teaching bankruptcy for more than 20 years. As a teacher she believes in offering everyone, not just her clients, advice about the Arizona bankruptcy laws. She is also a mentor to hundreds of Arizona attorneys.
I would be flattered if you connected with me on GOOGLE+
*Important Note from Diane: Nothing on this website should be construed as establishing a lawyer-client relationship between you, me, the author of any page or the website owner (me) who happens to be a lawyer. Everything on this web site is available for educational purposes only, is not intended to provide legal advice nor create an attorney client relationship between you, me, or the author of any article. You may pick up some information about bankruptcy, foreclosure or the practice of law written by myself or others. Any information in this web site should not be used as a substitute for competent legal advice from an attorney familiar with your personal circumstances and licensed to practice law in your state.*
The post Reverse Mortgage – good or bad idea? appeared first on Diane L. Drain - Phoenix Bankruptcy & Foreclosure Attorney.
Estate planning clients often give much thought to avoiding probate (see related article). Wynn at Law LLC helps jog your memory to make certain you haven’t ‘forgotten’ an asset that would trigger probate. A common one forgotten, as an example, is the safe deposit box. Yes, banks still have them in the vault. In fact, it’s a common storage place for the Last Will and Testament. Why not? It’s safer than a home safe, and someone always has a key. But what else is in there?
Wisconsin allows an ‘interested party’ to access the safe deposit box to retrieve the Will. On the death of a sole owner of a safe deposit box, a safe deposit box company (bank) allows ‘limited’ access to the box by the spouse or next of kin of the deceased lessee, a court clerk, or other interested person for the only purpose of looking for a Will. The assets also in the box are not to be touched. While that interested party is in the box, he or she is supervised to make sure that doesn’t happen. If the Will itself doesn’t name anyone to the receive the safe deposit box assets, probate may be necessary.
A strategy to consider is naming an adult child or family member or friend as a joint owner of the safe deposit box, with a key. This alleviates the problem of having a sole owner of a box pass away. Then the Will can be retrieved and so can the assets without going through probate. (Note: There could be tax considerations when the joint owner takes possession, it only avoids probate because the joint owner of the box is considered joint owner of the asset.)
By the way, if there is a sole owner, whomever is the ‘interested party’ is may have to furnish proof of death as it deems necessary (e.g., the death certificate of the owner). That could delay things as well. With a joint owner who is a keyholder, they have access anytime. This could be a time-saver in the case of a loved one’s passing. Just remember, that joint owner will also have access to the safe deposit box contents while the loved one is living, too.
*The content and material in this original post is for informational purposes only and does not constitute legal advice.
Photo by Arman Zhenikeyev, used with permission.
The post Remember the safe deposit box appeared first on Wynn at Law, LLC.
Estate planning clients often give much thought to avoiding probate (see related article). Wynn at Law LLC helps jog your memory to make certain you haven’t ‘forgotten’ an asset that would trigger probate. A common one forgotten, as an example, is the safe deposit box. Yes, banks still have them in the vault. In fact, it’s a common storage place for the Last Will and Testament. Why not? It’s safer than a home safe, and someone always has a key. But what else is in there?
Wisconsin allows an ‘interested party’ to access the safe deposit box to retrieve the Will. On the death of a sole owner of a safe deposit box, a safe deposit box company (bank) allows ‘limited’ access to the box by the spouse or next of kin of the deceased lessee, a court clerk, or other interested person for the only purpose of looking for a Will. The assets also in the box are not to be touched. While that interested party is in the box, he or she is supervised to make sure that doesn’t happen. If the Will itself doesn’t name anyone to the receive the safe deposit box assets, probate may be necessary.
A strategy to consider is naming an adult child or family member or friend as a joint owner of the safe deposit box, with a key. This alleviates the problem of having a sole owner of a box pass away. Then the Will can be retrieved and so can the assets without going through probate. (Note: There could be tax considerations when the joint owner takes possession, it only avoids probate because the joint owner of the box is considered joint owner of the asset.)
By the way, if there is a sole owner, whomever is the ‘interested party’ is may have to furnish proof of death as it deems necessary (e.g., the death certificate of the owner). That could delay things as well. With a joint owner who is a keyholder, they have access anytime. This could be a time-saver in the case of a loved one’s passing. Just remember, that joint owner will also have access to the safe deposit box contents while the loved one is living, too.
*The content and material in this original post is for informational purposes only and does not constitute legal advice.
Photo by Arman Zhenikeyev, used with permission.
The post Remember the safe deposit box appeared first on Wynn at Law, LLC.
Estate planning clients often give much thought to avoiding probate (see related article). Wynn at Law LLC helps jog your memory to make certain you haven’t ‘forgotten’ an asset that would trigger probate. A common one forgotten, as an example, is the safe deposit box. Yes, banks still have them in the vault. In fact, it’s a common storage place for the Last Will and Testament. Why not? It’s safer than a home safe, and someone always has a key. But what else is in there?
Wisconsin allows an ‘interested party’ to access the safe deposit box to retrieve the Will. On the death of a sole owner of a safe deposit box, a safe deposit box company (bank) allows ‘limited’ access to the box by the spouse or next of kin of the deceased lessee, a court clerk, or other interested person for the only purpose of looking for a Will. The assets also in the box are not to be touched. While that interested party is in the box, he or she is supervised to make sure that doesn’t happen. If the Will itself doesn’t name anyone to the receive the safe deposit box assets, probate may be necessary.
A strategy to consider is naming an adult child or family member or friend as a joint owner of the safe deposit box, with a key. This alleviates the problem of having a sole owner of a box pass away. Then the Will can be retrieved and so can the assets without going through probate. (Note: There could be tax considerations when the joint owner takes possession, it only avoids probate because the joint owner of the box is considered joint owner of the asset.)
By the way, if there is a sole owner, whomever is the ‘interested party’ is may have to furnish proof of death as it deems necessary (e.g., the death certificate of the owner). That could delay things as well. With a joint owner who is a keyholder, they have access anytime. This could be a time-saver in the case of a loved one’s passing. Just remember, that joint owner will also have access to the safe deposit box contents while the loved one is living, too.
*The content and material in this original post is for informational purposes only and does not constitute legal advice.
Photo by Arman Zhenikeyev, used with permission.
The post Remember the safe deposit box appeared first on Wynn at Law, LLC.
Chapter 11 is a form of bankruptcy that, though occasionally used by individuals, is more commonly filed by corporations, partnerships, or limited liability companies (LLCs) in California. The major benefit of Chapter 11 over Chapter 7, which can also be filed by business entities, is that Chapter 11 allows the company to continue operating while the bankruptcy case is in progress. Chapter 11 bankruptcy will have major financial impacts on the company, affecting its employees, its investors, its bondholders, and – as our Sacramento bankruptcy attorneys will focus on in this article – its shareholders. Continue reading to learn about how shareholders are affected by Chapter 11, and how the company’s stocks are impacted.
What Happens to Stock in Chapter 11 Bankruptcy?
According to the U.S. Bankruptcy Court for the Eastern District of California, more than 30 companies filed for Chapter 11 bankruptcy in the Sacramento Division during 2016 alone. In 2015, the total was slightly higher at 40 companies filing for Chapter 11 in the Sacramento Division.
If you’re a California business owner who is thinking about filing Chapter 11, you are not alone. With care and diligence, filing Chapter 11 could be the action that transforms your failing business into a successful franchise or establishment. However, before you make such an impactful decision, it is necessary to educate yourself about how your company will be affected, such as effects on your shareholders and stocks.
Unlike Chapter 7, which involves liquidation of the business’ assets, Chapter 11 allows the company to continue operating because the Chapter 11 process centers around a debt restructuring (“reorganization”) plan. This plan must be negotiated with a committee of creditors.
The purpose of the plan is to delineate when, how, and to what extent various debts will be repaid, potentially including provisions for shareholders to receive financial compensation. In most instances, however, shareholders receive only a small amount of compensation, if any. For example, one study, which culled bankruptcy data from 2009 and 2010, revealed that less than 10% of the Chapter 11 cases analyzed resulted in “substantial” compensation for equity holders, including shareholders. Typically, shareholders receive little or nothing unless the company’s creditors are paid in full. Rather than being paid simultaneously, some creditors receive higher priority than others, starting with secured creditors, followed by unsecured or general creditors, followed – where possible – by shareholders. The Chapter 11 trustee may ask shareholders to return stocks, which can then be replaced with shares – though not necessarily as many – in the reorganized business.
Be advised that the Chapter 11 committee may reject your initial proposal for a reorganization plan. However, even in such a scenario, the bankruptcy court may nonetheless decide to approve your proposed plan.
You should also be prepared for stock trading – and, crucially, the value of your stocks – to be affected by the bankruptcy. Even though your company will continue to operate during the bankruptcy (though approval on major financial decisions, particularly those that would result in the company taking on more debt, may require approval from the bankruptcy court), the stock will be “delisted,” or taken off the pertinent stock exchange, such as the New York Stock Exchange or the Nasdaq. However, over-the-counter trading may proceed after the stock is delisted. A letter “Q” designation, which indicates bankruptcy, will appear at the end of the ticker symbol that identifies your business.
As to the bankruptcy’s impact upon stock value, there is both good news and bad news. The good news is that the stock will retain some of its value, but the bad news is that the value is likely to decline significantly. The bottom line is that, while Chapter 11 bankruptcy generally results in financial losses for stockholders, the process can be of immense benefit to struggling businesses. If Chapter 11 bankruptcy is executed with thoughtful planning and meticulous attention to detail, it can save an unprofitable company from collapse.
CA Bankruptcy Attorneys for Businesses in Sacramento, Roseville, and Folsom
While no type of bankruptcy can truly be called “simple,” certain chapters present greater challenges than others. Chapter 11 is one of the most complicated and technical forms of bankruptcy. It is all but impossible for business owners to effectively manage their own Chapter 11 cases, especially while they are occupied by the constant tasks of managing a business. If you are a business owner who is thinking about declaring bankruptcy in California, it is in your best interests to work with a Sacramento Chapter 11 attorney, like those of The Bankruptcy Group.
At The Bankruptcy Group, our Folsom Chapter 11 lawyers have many years of experience assisting S corporations, C corporations, limited liability companies, general partnerships, limited partnerships, and limited liability partnerships with the California bankruptcy process. For a free legal consultation as to whether Chapter 11 could be a suitable course of action for your business, contact The Bankruptcy Group right away at (800) 920-5351.
The post How Does Chapter 11 Affect Shareholders in California? appeared first on The Bankruptcy Group, P.C..
CFPB – new report “Innovation Highlights: Emerging Student Loan Repayment Assistance Programs”
Consumer Financial Protection Bureau “CFPB” released a new data finding that nearly half of student loan borrowers leave school owing at least $20,000 – double the number of borrowers a decade ago. The Bureau also found that more borrowers are taking out student loans later in life, and fewer borrowers are paying down their student debt in five years.
Go to knowledgefirstfinancialcanadalearningbond.ca/ and know the key changes in the way consumers borrow and repay student debt.
- More than 40 percent of student loan borrowers leave school owing $20,000 or more.
- Half of student loan borrowers are older than 34 when they start repayment.
- 30 percent of borrowers are not paying down their loan balances after five years in repayment.
- More than 60 percent of borrowers not reducing their balances are delinquent: Among these borrowers, those with less than $20,000 in student loans are even more likely to be in poor standing, with 75 percent delinquent on at least one of their loans. More information can be found in the Bureau’s explainer blog: https://www.consumerfinance.gov/about-us/blog/too-many-student-loan-borrowers-struggling-not-enough-benefiting-affordable-repayment-options/
The CFPB provides a Repay Student Debt tool, which helps borrowers get unbiased tips on how to navigate student loan repayment, along with other sample letters they can send to their student loan servicers. More information is available at: consumerfinance.gov/students.
Plus CFPB has lots of other resources dealing with student loans, consumer credit card, car loans, payday loans and more.
Share this entry
About the Author:
Diane L. Drain is a well known and respected Arizona bankruptcy attorney. She is an expert in both consumer bankruptcy and Arizona foreclosure. Since 1985 she has been a dedicated advocate for her clients and spokesperson for Arizona citizens. Diane is a retired professor of law teaching bankruptcy for more than 20 years. As a teacher she believes in offering everyone, not just her clients, advice about the Arizona bankruptcy laws. She is also a mentor to hundreds of Arizona attorneys.
I would be flattered if you connected with me on GOOGLE+
*Important Note from Diane: Nothing on this website should be construed as establishing a lawyer-client relationship between you, me, the author of any page or the website owner (me) who happens to be a lawyer. Everything on this web site is available for educational purposes only, is not intended to provide legal advice nor create an attorney client relationship between you, me, or the author of any article. You may pick up some information about bankruptcy, foreclosure or the practice of law written by myself or others. Any information in this web site should not be used as a substitute for competent legal advice from an attorney familiar with your personal circumstances and licensed to practice law in your state.*
The post Tool to Help Navigate Student Loan Repayment Programs appeared first on Diane L. Drain - Phoenix Bankruptcy & Foreclosure Attorney.
This new report, titled “Innovation Highlights: Emerging Student Loan Repayment Assistance Programs,” is available at: http://files.consumerfinance.gov/f/documents/cfpb_innovation-highlights_emerging-student-loan-repayment-assistance-programs.pdf
The CFPB provides a Repay Student Debt tool, which helps borrowers get unbiased tips on how to navigate student loan repayment, along with other sample letters they can send to their student loan servicers. More information is available at: consumerfinance.gov/students.
The post Tool to Help Navigate Student Loan Repayment Programs appeared first on Diane L. Drain - Phoenix Bankruptcy & Foreclosure Attorney.
Updated daily, this blog will keep you informed on the latest bankruptcy news! 
Learn more about how Bankruptcy works and what you need to know.