BANKRUPTCY CREDIT COUNSELING IS MANDATORY BEFORE FILING ! Yes. The current bankruptcy law requires that a debtor wanting to file for bankruptcy protection must obtain credit counseling prior to filing a case. The credit counseling must be completed within six months prior to the date the case is filed. Debtors must receive the credit counseling only from … Read more
Before finding out the cost of filing Chapter 13 bankruptcy, it is important to know what Chapter 13 bankruptcy is all about. What is Chapter 13 bankruptcy? Also known as wage earner’s plan, Chapter 13 bankruptcy helps the debtor in developing a repayment plan. The plan may vary from three to five years depending upon … Read more
Bankruptcy, Right Choice? The decision to file for bankruptcy should never be taken lightly. You will be committing to a complicated process that will negatively affect your credit for years. However, for some consumers, bankruptcy is a necessary and even beneficial ordeal. So, is a bankruptcy filing necessary for your situation? And which type of … Read more
It was in 2007 that President George W Bush signed the Public Service Loan Forgiveness (PSLF) program into law under the College Cost Reduction and Access Act of 2007. According to the Federal Student Aid, an office of the US Department of Education, more than half a million Americans opt for PSLF. Public Service Loan … Read more