Blogs
After Bankruptcy: Please Don’t Go Right Out and Don’t Co-Sign for a Car Got an email last week that made me sad. Cherry filed Chapter 7 bankruptcy back in 2017. She recently went to buy a car and ended up getting financed by Santander at 21%. After she did that, she asked why is her […]
The post After Bankruptcy: Please Don’t Go Out and Co-Sign for a Car by Robert Weed appeared first on Northern VA Bankruptcy Lawyer Robert Weed.
After Bankruptcy: Please Don’t Go Right Out and Don’t Co-Sign for a Car Got an email last week that made me sad. Cherry filed Chapter 7 bankruptcy back in 2017. She recently went to buy a car and ended up getting financed by Santander at 21%. After she did that, she asked why is her […]
The post After Bankruptcy: Please Don’t Go Out and Co-Sign for a Car by Robert Weed appeared first on Northern VA Bankruptcy Lawyer Robert Weed.
Provided below is a link to an article at ABC discussing the shortage of Yellow Cabs in Manhattan. https://abc7ny.com/taxi-shortage-cab-delta-variant-covid/10930021/
Many people in California have filed for bankruptcy protection, perhaps to discharge their credit card bills, medical expenses, or stop foreclosure on their home. After successfully completing a Chapter 7 or Chapter 13 case, obtaining a discharge order will feel like a fresh start. However, as you are rebuilding your life, you might experience additional […]
The post Can You File For Bankruptcy More Than Once in California? appeared first on The Bankruptcy Group, P.C..
Many people in California have filed for bankruptcy protection, perhaps to discharge their credit card bills, medical expenses, or stop foreclosure on their home. After successfully completing a Chapter 7 or Chapter 13 case, obtaining a discharge order will feel like a fresh start. However, as you are rebuilding your life, you might experience additional […]
The post Can You File For Bankruptcy More Than Once in California? appeared first on The Bankruptcy Group, P.C..
A Million Dollar Mistake: Personal Injury and Bankruptcy Under Virginia law, the bankruptcy court cannot take away a personal injury claim. Injured in a car accident? Hurt in the hospital? Anyone in Virginia can file bankruptcy and still keep those claims. Steven Ramsdell, one of the top bankruptcy lawyers here, is desperately trying to save […]
The post A Million Dollar Mistake: Personal Injury and Bankruptcy by Robert Weed appeared first on Northern VA Bankruptcy Lawyer Robert Weed.
A Million Dollar Mistake: Personal Injury and Bankruptcy Under Virginia law, the bankruptcy court cannot take away a personal injury claim. Injured in a car accident? Hurt in the hospital? Anyone in Virginia can file bankruptcy and still keep those claims. Steven Ramsdell, one of the top bankruptcy lawyers here, is desperately trying to save […]
The post A Million Dollar Mistake: Personal Injury and Bankruptcy by Robert Weed appeared first on Northern VA Bankruptcy Lawyer Robert Weed.
A Million Dollar Mistake: Personal Injury and Bankruptcy Under Virginia law, the bankruptcy court cannot take away a personal injury claim. Injured in a car accident? Hurt in the hospital? Anyone in Virginia can file bankruptcy and still keep those claims. Steven Ramsdell, one of the top bankruptcy lawyers here, is desperately trying to save […]
The post A Million Dollar Mistake: Personal Injury and Bankruptcy by Robert Weed appeared first on Northern VA Bankruptcy Lawyer Robert Weed.
The FRESH START Through Bankruptcy Act of 2021Durbin/Cornyn FRESH START would:-Make Federal Student Loans Eligible for Discharge in a Bankruptcy Proceeding ten years after thefirst loan payment is due.- As part of the bankruptcy proceedings, certain colleges and universities who receive a certain amount of federally backed student loans, would be required to repay a portion of discharged federal student loans to the taxpayer, in a new cost-sharing structure.- Retain the Existing Undue Hardship Option for private student loans and for federal student loans thathave been due for less than ten years.- Increase Institutional Accountability by creating provisions that require colleges with more than one third of their students receiving federal student loans to partially refund the government if a student’s loan is later discharged in bankruptcy. This provision would apply if a school had consistently high student loan default and low repayment rates at the time of a student’s attendance.-Provide an Option for Student Borrowers who have no realistic path to pay back their overwhelmingstudent loan debt by allowing bankruptcy to be an option to help them get back on their feet.More Information about the Bill can be found at:https://www.judiciary.senate.gov/imo/media/doc/FRESH%20Start%20Act%20of%202021%20One%20Pager.pdf
Clark Howard shares some awesome & important information regarding student loans, how they work, and how much you should take our per year!
- What are student loans and how do they work? Student loans are loans that can help you pay for schooling. You can take out a small amount to help fill the gap of what you cant afford on your own or you can use student loans to pay your tuition in full. Student loans are to be re-paid in full with interest. For this reason, try not to take out too many student loans.
- Difference between Federal & Private student loans? Federal student loans will come from the government. Private student loans will come from banks, credit unions, or other financial companies. Clark Howard is not a fan of private student loans, saying, “I want you to avoid private student loans at all costs… Back in 2005, the private student loan industry bought off enough politicians to gain the right to do any and all tactics short of causing you bodily harm in their efforts to collect on their money. You have no wiggle room when it comes to repayment options like you do with federal loans. Private student loans typically can’t even be dismissed in bankruptcy.”
- What are the different types of federal loans? Direct Subsidized: 4.53% interest rate, no interest accrued while in school. Direct Unsubsidized: 4.53% interest rate, interest accrued during school. Direct Plus & Direct Plus Parent 7.08% interest rate, interest accrued while in school.
- How do you apply for federal student loans? Fill out a form on FAFSA (Free Application for Federal Student Aid). You’ll need your Social Security number or Alien Registration Number (if you are not a U.S. citizen), your parent’s Social Security number if you’re a dependent student, your driver’s license if you have one, your most recent federal income tax returns, W-2s, and other records of money earned, your bank statements and records of investments, and records of any untaxed income.
For additional information on student loans, click the link below to read the full article!
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The post Important Information To Know About Student Loans appeared first on Allmand Law Firm, PLLC.
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