You may be able to settle your federal student loans.
You probably know that there are only two guarantees in life – death and taxes.
And you’ve also been told that when it comes to federal student loan debt, you’re on the hook for the full balance.

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for June 11, 2013 Could BofA Still Toss Countrywide into Bankruptcy? National Envelope Hopes To Lick Bankruptcy Filing Arcapita’s novel sharia bankruptcy plan approved

Filing bankruptcy can give you the relief you need when the time is right to file.  Some people are quick to say that the process may do more harm than good, but for many who have filed (including a long list of celebrities), it is the beginning of a getting your finances and your life [...]

This is part of our series on How To File Bankruptcy.
When you file bankruptcy, a failure to list all personal property may mean you don’t get to keep it.

If your car has been repossessed and you live in California, your life may get a lot more difficult. Or not.
Most people think that if they don’t pay the car loan, the lender will come to repossess the vehicle. Once that’s done, they figure it’s all over.

Filing for bankruptcy can be a responsible option for anyone looking to regain control of their financial obligations.  Over 1,000,000 Americans sought bankruptcy protection in 2012 with many filing for legitimate reasons such as divorce, illness and job loss.  The decision to file for many is a serious personal step that was a challenge to [...]

A new court opinion issued by the 8th Circuit Court of Appeals declares that alimony is part of the bankruptcy estate and can be liquidated by the Chapter 7 Trustee unless a specific state exemption protecting the alimony award exists.  In re Mehlhaff, 2013 Bankr. LEXIS 944 (Bankr. D.S.D., Mar. 12, 2013).

Identity theft is an ever-growing issue in both Oregon and Washington, causing problmes with debt collectors and on credit reports. The criminals stealing your identity often open credit cards in your name and rack up massive charges, torching your credit score and barring your from making much needed future purchases . Bad credit scores can effect your ability to obtain insurance at a reasonable rate, oInsurance companies use lower credit scores to justify higher rates. You may even be denied employment or fired from your job because of false information in your credit history.

Under both the Fair Debt Collection Practices Act as well as the state consumer laws of Washington and Oregon, a collector may contact certain 3rd parties in connection with a consumer’s debt. A collector may contact a consumer’s attorney, the original creditor and its employees and legal counsel, the consumer’s spouse or guardian, a co-debtor and the consumer’s parent if the debtor happens to be a minor.

When you file for bankruptcy, your creditors are notified so they can stop collection activities. Using the official bankruptcy notice addresses protects you from further harassment.
You’re required to list all debts on your bankruptcy schedules – no exceptions.
Once notified of a bankruptcy filing, creditors must stop collection activities.