Corinthian Colleges, a for-profit institution with 72,000 students spread over 100 campuses, is closing down. If you have student loans for your education at Corinthian Colleges, you may find that relief isn’t too far off.

One of the largest for-profit colleges in the nation, Corinthian Colleges owns the following colleges:

Filing for bankruptcy is complicated and stressful. You may be confused about what you are asked, or the state of your finances. This may lead you to be inaccurate or not thorough. And rumors and misconceptions about bankruptcy lead people to hide assets and not be upfront with their attorneys. All of this can lead to huge problems down the road.

Filing for bankruptcy is complicated and stressful. You may be confused about what you are asked, or the state of your finances. This may lead you to be inaccurate or not thorough. And rumors and misconceptions about bankruptcy lead people to hide assets and not be upfront with their attorneys. All of this can lead to huge problems down the road.

Here’s what you need to know
Who must attend?
The Trustee, you, and one of our attorneys. The Trustee is the person who runs the hearing and asks you questions.
Who gets invited?
All the creditors listed in your bankruptcy schedules get a notice in the mail. Many times none of the creditors show up. Some may show up to get basic information from you. Ultimately, while creditors may ask questions at the hearing, they rarely show up and the ones that do show up usually keep quiet.
Where is the meeting held:

If you fall behind on your student loan, you may not be in default.
The answer depends on whether the student loan is federal or private. But first, you need to understand the concept of default.
What Is Default?
A default is, technically speaking, a failure to meet the legal obligations of a loan.

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Medical Debt There is no question that a chapter 7 bankruptcy case will eliminate medical debt. However, if you only have one debt, you may not need to file bankruptcy at all. This is all going to depend upon the aggressiveness of the debt collector as well as your tolerance for ongoing collection efforts. In+ Read More

A common question that comes up when clients are considering chapter 7 bankruptcy is what impact bankruptcy will have on IRAs and other retirement accounts. When we file your chapter 7 bankruptcy, we have the opportunity to use what are termed “exemptions” under the U.S. and Arizona bankruptcy laws. The post IRAs and Bankruptcy appeared first on Tucson Bankruptcy Attorney.