Articles from Consumer Help Central

A bankruptcy trustee in Brooklyn is telling the U.S. Bankruptcy Court that there’s no value in going to Catholic school.
Robert L. Geltzer, a Chapter 7 bankruptcy trustee, filed suit against a local Catholic seeking a combined total of about $21,000 for what he seems to think as a valueless education.

Fitch Ratings, a major agency that gauges the health of financial instruments, sees a river of red in the private student loan market.
With anywhere from 22% of 55% of trusts issued by National Collegiate Student Loan Trust, Fitch Ratings on October 1, 2013 downgraded 42 classes of the portfolio.
That may not mean much to you, but consider the broader context.

If the private student loan lender waits too long to sue you, it could be out of luck. But how long is too long?
Private student loans are no different than any other loan given by a bank. They aren’t covered by the federal laws regarding student loans and are afforded no extra protections.
So let’s be clear:

Sometimes what begins as a Chapter 13 bankruptcy ends up as a Chapter 7. Here are some reasons why.
You go into bankruptcy with a clear sense of what you want to accomplish. Whether it’s to handle a mortgage problem, taxes, or simply because you’ve got the ability to repay some of your debts, Chapter 13 can be a big win.