Tag: student loans
Bankruptcy And Student Loans: Understanding Your Options
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Navigating the treacherous waters of financial hardship can be daunting, mainly when it involves the complexities of bankruptcy law and student loan debt. In Clearwater and across the United States, many debtors grappling with overwhelming financial obligations often wonder if declaring bankruptcy could provide a respite from their burdensome student loans. This article explores the…
RECENT EXECUTIVE ORDERS REGARDING STUDENT LOANS
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President Biden has signed numerous executive orders recently related to student loan forgiveness. The Borrower Defense to Repayment Program, according to a recent article published in Forbes, will allow forgiveness to certain student loan recipients who were defrauded by the colleges or institutions in which they enrolled. This program was enacted by executive order in…
TERMS OF BANKRUPTCY BILL ADDRESSING STUDENT LOANS
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A bill, currently in Committee before the Senate may permit many debtors encumbered with student loan debt to achieve a discharge of such debts through the process of bankruptcy. Currently, the primary avenue for the discharge of student loans in bankruptcy is through establishing such debts constitute an undue hardship. The bill, titled the “Fostering…
DISCHARGE OF STUDENT LOANS IN BANKRUPTCY PROPOSAL IN NEW BILL BEFORE CONGRESS
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A new bill being presented to Congress will permit the discharge of student loans in bankruptcy provided certain conditions are met. The bill, sponsored by Senator Richard Durbin and Senator John Cornyn, is titled the Fresh Start In Bankruptcy Act. Under the current bankruptcy laws, it is quite difficult to discharge a student loan in…
Congress Support For Student Loans During The Coronavirus Pandemic
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The CARES Act was passed by the US Congress in April. This massive stimulus package was announced in response to the coronavirus pandemic and the economic downturn as a result of the spread of the crisis. The act has provided crucial relief to student loan borrowers. It has suspended all the payments and interests on…
BANKRUPTCY TREATMENT OF PRIVATE SCHOOL EXPENSES
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INTRODUCTION Parents may seek to matriculate their minor children in private schools for various reasons, including religious purposes, lack of confidence in the available public schools, and alternatively, the belief that the available private school offers a better education than the pertinent public school. The question in arises, in Bankruptcy, as to whether the debtor…
TOWN N COUNTRY FLORIDA BANKRUPTCY ATTORNEY
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Those looking for a reputable Bankruptcy Attorney in the area of Town N Country, in Tampa, Florida, need look no farther. Weller Legal Group has been representing Debtors, and only Debtors, in Bankruptcy Proceedings since its founding in 1993. Jay Weller and Weller Legal Group have represented many thousands of Clients in Bankruptcy matters, including…
BANKRUPTCY ATTORNEY TEMPLE TERRACE FLORIDA
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Seeking a Bankruptcy Attorney in Temple Terrace in Tampa, Florida. The Bankruptcy Attorneys and Paralegals at Weller Legal Group are here to help. We have been representing many of the residents in Temple Terrace, Florida, since our founding in 1993. If you are in Debt, we can Help! Weller Legal provides Attorney representation in all…
TRINITY FLORIDA BANKRUPTCY ATTORNEY
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Seeking Bankruptcy Attorney in Trinity, Florida. The Bankruptcy Attorneys and Paralegals of Weller Legal Group have been serving the community of Trinity, Florida in Bankruptcy proceedings, including Chapter 7 Bankruptcy and Chapter 13 Bankruptcy. We are equipped to represent Debtors in any matter relating to Bankruptcy, including the filing and completion of any form of…
RIVERVIEW FLORIDA BANKRUPTCY ATTORNEY
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If you live or work in Riverview Florida and seeking a Bankruptcy Attorney then Jay Weller may be best choice. Since 1993, Mr. Weller has represented Debtors and Debtors only, in Bankruptcy Proceedings. Weller Legal Group has represented many thousands of Clients in Bankruptcy, including Chapter 11 Bankruptcy, Chapter 13 Bankruptcy and Chapter 7 Bankruptcy.…
Treatment Of Garnishments In Florida In And Outside Of Bankruptcy
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Garnishment of property or wages for unpaid debts can make a difficult financial situation even harder. In Florida, the rules and procedures of garnishment are controlled by Florida Statute Chapter 77, as well as the federal Consumer Credit Protection Act at 15 U.S. Code § 1673 Specific rules for garnishment apply to special kinds of debts…
BANKRUPTCY ABUSE PREVENTION & CONSUMER PROTECTION ACT OF 2005 (BAPCPA) Part II
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Part II – Changes in Bankruptcy Law [See related articles on this blog: The Bankruptcy Abuse Prevention & Consumer Protection Act (BAPCPA), “Part I, Rationales” &Part III The “Means Test in Bankruptcy”] The enactment of the Bankruptcy Abuse Prevention & Consumer Protection Act (BAPCPA) in April, 2005, wrought significant changes in the law embodied in…