Is Washington poised to turn federal student loans into the new adjustable rate mortgage?
On July 1, 2013 rates for new federal student loans will double to 6.8 percent, from 3.4 percent.

Bankruptcy is one of the most powerful tools consumers can utilize to regain financial control.  When considering this option you should get a clear idea as to how it can help improve your situation.  It may help you eliminate qualifying debt obligations while helping you reestablish others.  Plus, depending on your situation one chapter may [...]

If you file bankruptcy, you’ve got to complete the means test form. Period.
One of the odder requirements of the bankruptcy law rests in the means test.
The thinking behind it is that people who have had an income higher than more than half of the other people in their state for the six months prior to filing bankruptcy are better able to repay their debts.

Pop quiz time.  What’s the biggest waste of time and money in the bankruptcy law?
It makes no sense on any level. In order to file for bankruptcy you need to go through a mandatory credit counseling certification process.

By John Clark
Struggling comedian Sinbad, who reached the height of his fame in the 1990s, is filing for a second bankruptcy, according to an Associated Press report.
The comedian and actor, whose real name is David Adkins, filed for bankruptcy in 2009, but his case was eventually dismissed, sources say.
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Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for May 23, 2013 Atari seeking $22.2 million in bankruptcy auction Busy New York Bankruptcy Court Faces Budget Crunch Bankruptcy attorney Randolph Goldberg sentenced to prison

Many people who think about getting debt discharged may assume it can only be erased through Chapter 7 bankruptcy.  In fact, Chapter 13 bankruptcy has the ability to not only discharge debt, but in some cases may help eliminate debt that is not eligible for discharge in Chapter 7.  Meaning, you may be given a [...]

If you find yourself in over your head after filing for bankruptcy, there are options.
Life has a funny way of going left when you want it to go right.
You file for bankruptcy, go through the process, and come out the other end.
Though you swear you’ll never be in that situation again, sometimes the unexpected happens.

A Chapter 13 bankruptcy can be filed by an individual or a joint case husband and wife.  Chapter 13 cannot be filed by a corporation.  In order to file for Chapter 13, an individual must complete several prefiling requirements.  The most important requirement is the taking of a credit counseling session.  The credit counseling session+ Read MoreThe post Who can file a Chapter 13 bankruptcy? app

The class of 2013 has just replaced the class of 2012 for the title of the most indebted class in American history. With the way student loan burdens are increasing, the class of 2013 will inevitably lose their title to next year’s senior class.
In 2013, graduating seniors left college with an average debt load of $30,000. That’s nearly double the amount that students graduated with 20 years ago. A recent study reveals that if you factor in credit card debt and money borrowed from family during school, students are really graduating with an average of over $35,000.