Many people considering bankruptcy wonder “Does bankruptcy clear student loan debt?” Until recently, that answer was almost always “no.” But a recent court ruling this past September could change how bankruptcy courts deal with student loan debt. The ruling comes from the US Court of Appeals for the 10th Circuit Court in the case McDaniel […]
If you’re struggling with student loan debt and not sure what comes next, a student loan bankruptcy attorney in Florida can help you. Bankruptcy likely won’t discharge your student loan obligations, but filing frees up money to put toward your loan payments. It’s also possible to better manage your loan payments when filing for Chapter […]
Here’s what you need to know if the IRS has contacted you about tax debt. Every year the IRS contacts people regarding their income tax status. There are few things as daunting as having the IRS contact you. Most people assume it means they’re getting audited or they’ve done something wrong. In reality, the IRS […]
How do you repair this damage and rebuild your credit after filing for bankruptcy? Many people believe that filing for bankruptcy destroys your credit forever. This is a myth. Bankruptcy affects your credit, but the initial impact doesn’t last forever. The damage bankruptcy causes is your “credit rock bottom” and from there you build upward. […]
How can you learn better credit card management after bankruptcy? Using credit after bankruptcy is an intimidating experience for many people. If credit cards were the reason they got into financial trouble in the past, they might prefer to avoid credit in the future. But not using credit at all after bankruptcy does very little […]
How do you improve your credit score? Here’s what you need to know. Your credit score plays an important role in whether or not you’ll be approved for a loan. It also affects the terms of a loan. People with higher credit scores receive better terms, which means it costs less for them to borrow […]
Bankruptcy credit counseling helps you emerge from bankruptcy understanding credit management. People filing for bankruptcy must take two courses regarding credit and bankruptcy. The bankruptcy court requires these courses before granting the bankruptcy discharge. Your debt obligations stand until you provide proof to the court that you completed bankruptcy credit counseling and your other education […]
Your credit score has a major impact on your financial life. You can be a great person with a bad credit score, but you can’t be a person who gets approved for credit cards or granted mortgage loans with bad credit. Luckily, there are things you can do to boost your credit score. If your […]
How do you deal with errors on your credit report after bankruptcy? In a perfect world, you could ignore your credit report and everything would be correct. As long as you paid your bills on time and did what you’re supposed to do, you’d never need to worry about problems with your credit or being […]
One of the primary goals after filing for bankruptcy is rebuilding your credit. As tempting as it might be to swear off credit after bankruptcy, especially if it was a major factor in your financial challenges, you’re going to want to re-establish your credit history. The more efficiently you do so, the better your financial […]
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