Submitted by Anonymous (not verified) on Thu, 11/13/2014 - 19:46
By Jessica Silver-Greenberg
In the netherworld of consumer debt, there are zombies: bills that cannot be killed even by declaring personal bankruptcy.
Tens of thousands of Americans who went through bankruptcy are still haunted by debts long after — sometimes as long as a decade after — federal judges have extinguished the bills in court.
Submitted by Anonymous (not verified) on Thu, 11/13/2014 - 18:25
Filing for bankruptcy is actually a very serious step and, unless properly approached, may lead to unfortunate consequences. Bankruptcy is filed in a U.S Bankruptcy Court - a Court that actually has so much power that it can actually stop the U.S. Supreme Court from acting - let alone virtually almost all Court in the entire United States and in theory possibly any Court in the world.
Submitted by Anonymous (not verified) on Thu, 11/13/2014 - 17:00
A person finally makes the difficult decision to file bankruptcy. They collect all of their financial information, go through unpaid bills and collection notices, and file a bankruptcy petition in order to obtain a bankruptcy discharge of debts they simply cannot pay. This is one of the most difficult decisions a person will make.
Submitted by Anonymous (not verified) on Thu, 11/13/2014 - 13:00
If you’re angling towards qualifying for public service loan forgiveness, you should enroll your federal student loans into income-based repayment. If you don’t, you’re probably leaving money on the table.