People have some expectations and questions when they file for bankruptcy in California. On the top of a debtor’s list is whether they can keep their house or their car. However, outside of their residence and vehicle, one of the most expensive items people own is in their pocket. A cell phone or smartphone is […]

This article originally appeared on Forbes on February 16, 2021 the article can be found at:
https://www.forbes.com/sites/markkantrowitz/2021/02/16/student-loan-forg...

Student Loan Forgiveness Myths

 In February 2020, Congress passed a new law establishing a new small business bankruptcy filing subchapter, known as “Subchapter V”.

It can be tough to get back on your feet after a bankruptcy. This harms your credit score and makes it hard to apply for new loans. However, it’s not impossible! With discipline and patience, you can surely get on the way to rebuilding your credit score. The following tips will help you improve your credit bit by bit
1. Keep Your Balances Low

FTC B

A bankruptcy filing is a legal proceeding that enables a debtor to repay debts from his or her creditors. For individuals who are struggling with debt and financial problems, filing bankruptcy would be beneficial. It allows them to have a fresh start and to improve their lives through proper financial management.

“Diane is the most knowledgeable and committed bankruptcy attorney I know – and I know a few!” Theo Mathews

There are things you should consider before filing bankruptcy. It includes your eligibility to file bankruptcy, the types of debt you owe to your creditor, your monthly income, and living expenses. Bankruptcy enables a debtor to virtually pay all of his or her debts to creditors. You should take the opportunity to look into the specifics of each bankruptcy chapter. Doing so will enable you to decide on what would be the best option for you as you work on your bankruptcy case.

The three toughest questions at your bankruptcy hearing. The three toughest bankruptcy hearing questions are NOT what most people expect.  The bankruptcy trustee does NOT ask you to explain how you got into this mess. They are not asking about your plans for the future.  And the creditors are NOT there demanding their money. Have […]

The three toughest questions at your bankruptcy hearing. The three toughest bankruptcy hearing questions are NOT what most people expect.  The bankruptcy trustee does NOT ask you to explain how you got into this mess. They are not asking about your plans for the future.  And the creditors are NOT there demanding their money. Have […]