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How is the Biden Administration addressing student loan debt? See article below in newsy.com

Submitted by Anonymous (not verified) on Wed, 02/23/2022 - 17:56

 Interesting article in newsy.com (URL below) about how the Biden Administration is addressing student loan debt. https://www.newsy.com/stories/president-biden-s-policy-on-student-loan-d...

Personal bankruptcy and the Deductibility of Non-dischargeable Student Loans for the Means Test

Submitted by Anonymous (not verified) on Mon, 02/14/2022 - 18:23

As many readers are aware, individuals whose income exceeds the median income in New York State are required to do "means testing" to determine if they qualify for chapter 7 personal bankruptcy.In New York State the median income for a family of 1, 2 or  3 is listed below and if a Debtor’s income exceeds the state’s median income they must do means testing. Household Size Monthly Income Annual Income1 $5,058.00 $60,696.002 $6,429.92 $77,159.003 $7,709.00 $92,508.00 If an individual wants to file for chapter 7 bankruptcy and they do not pass the means test, then there is a "presum

Bankruptcy Deadlines must be observed!

Submitted by Anonymous (not verified) on Wed, 01/12/2022 - 21:02

 Bankruptcy Deadlines must be observed! The recent case of In re U-Haul, 21-bk-20140, 2021 Bkr LEXIS 3373 (Bankr. S.D. W. Va. Dec. 10, 2021) demonstrates this rule. In the U-Haul case, a creditor needed to file a proof of claim for $53 million and their attorney  waited until the last moment to do the filing.

4 things student loan borrowers should know about the extended payment pause CNBC Article

Submitted by Anonymous (not verified) on Tue, 12/28/2021 - 16:17

 A very informative article about continued Federal Student Loan repayment moratorium titled "4 things student loan borrowers should know about the extended payment pause can be found at https://www.cnbc.com/2021/12/27/4-things-student-loan-borrowers-should-k...

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