This $36 billion is owed by 2 million older Americans. Garnishment of their Social Security benefits to pay these student loans has skyrocketed.
About 1.6 million student loans borrowers are now able to make smaller monthly payments, and make less of these payments before the remaining balances are forgiven. Last October, President Obama announced these improvements to the Income-Based Repayment Plan. The changes are simple. 1. Monthly payments: Under the Income-Based Repayment Plan, payments are capped “at an […]
What does it take to write-off a student loan in bankruptcy? An “undue hardship.” And that is a very tough standard to meet.
No matter where you stay in the US, there seems to be no respite from the relentless and oft merciless onslaught of the effects of global recession. Companies, banks and individuals have all been adversely affected by the economic downturn that has wiped off the net-worth of these entities without discrimination. All sings of fiscal […]
To solve your bankruptcy case in Miami you need to appoint Miami Bankruptcy Lawyer. The professional lawyers who are handling such cases can easily solve the bankruptcy problems. The lawyer will tell your real situation that whether you are in bankruptcy situation or not. First of all they review all of your debts and then […]
Times are tough and many people are feeling the pinch with jobs being lost, wages being cut, and generally just being in an economic rut. It is easy when you are going to through such a time to feel all alone, like you are the only person in the world going through this, but rest […]
To solve your bankruptcy case in Miami you need to appoint Miami Bankruptcy Lawyer. As a professional lawyer who hanldes such cases can easily solve the bankruptcy problems. I will tell your the real situation to establish whether you are in a bankruptcy situation or not. First of all I review all of your debts […]
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Bankruptcy laws in the US are indeed quite apt in these trying times. When loans or mortgages are taken by borrowers, they have some expectations in terms of being able to replay. These repayment schedules and quantum are accepted in the backdrop of a certain economic milieu, with the knowledge of a certain amount of […]
At some point almost every individual or family can experience a hardship that makes it impossible to keep up with ordinary living expenses. Loss of income, pay cut, increased expenses, downturn in business, loss of a family member, an adjustable rate mortgage or some medical condition can all cause financial pressure. Most people try everything […]