Musings on the U.S. Bankruptcy System and its Impact on Consumers
The U.S. Department of Education’s (“DOE”) promise of a kinder and gentler response to complaints to discharge federal student loans in a bankruptcy has been long awaited and may have arrived. On November 17, 2022, DOE announced a radical departure in how it will analyze these types of cases. The new procedure requires the submission …
The law is stacked against student loan borrowers in many ways which forces student loan lawyers to be creative so when that results in an outright victory for a borrower it is a fine day in the neighborhood. Some of mine include the following: (1) Got sanctions in NH Bankruptcy Court against ECMC for its …
Student loan borrowers won a significant battle when the federal first circuit found ECMC, a student loan monitor, abused the bankruptcy system in its collection of student loan debt. Hann v. ECMC, 711 F.3d 235 (1st Cir. 2013). Finding that Hann owed nothing, both a bankruptcy judge panel and the First Circuit Court of Appeals …
Getting rid of a second mortgage mortgage in a chapter 13 bankruptcy has become routine in many jurisdictions like New Hampshire and Massachusetts.
Bankruptcy has a bad rap. It’s true. Working in bankruptcy, we see so many of the harsh realities our clients are facing each day. Outside the bankruptcy circle (including bankruptcy attorneys, financial advisors and even the courts), bankruptcy has a bad image. “Bankruptcy is great for people who rack up enormous debt and then can’t …
Weather-related disasters often leave homeowners in financial peril not knowing how to save their home from foreclosure.
The student loan debt crisis is set to hit an all-time peak in the next few years. Are you ready to handle the fallout?
There is substantial misinformation regarding what is truth and what is fiction about filing personal bankruptcy – learn the facts.
Medical debt is one of the leading causes of personal bankruptcy in the U.S.
Low credit score credit cards are all the rage, but they may not be your financial salvation.