This is a question that comes up frequently in my practice. A person owns a closely-held business, with one or two owners, usually a Husband and Wife. They call, explaining that the business cannot pay its suppliers, lenders, landlords, lines of credit. They ask “Can
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If I file for Bankruptcy Protection, Do I have to Include all of my Debts? Yes!
One of the most common questions that people have when they are considering filing for bankruptcy is whether they have to include all of their debts in their bankruptcy case. The answer is yes, you do. I do not know why almost every client that
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The IDR Waiver: A Game-Changer for Student Loan Forgiveness
Lately, there have been very important developments in the world of Federal Student Loan Repayment Plans. This program was set to expire at the end of 2023, but it has been extended. The IDR Waiver, also known as the IDR Account Adjustment, is a significant
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Empowering Borrowers: The First Month After the Student Loan Payments Resumed
The resumption of student loan payments has been a hot topic in recent months, as many borrowers felt the pressure of the impending restart of their financial obligations. For many, the COVID-19 pandemic brought financial uncertainty and relief in the form of temporary payment pauses.
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Federal Student Loan Pause is Ending-What Happens Next?
For millions of Student Loan Borrowers, it’s been 3 years since they have been required to make payments on their Federal Student Loans. Also, interest and collections were suspended. The U.S. Supreme Court decision on the Biden Student Loan cancellation program is expected by the
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Sophisticated Fraud Ensnares More Unsuspecting People
A new, disturbing trend is emerging today. In 2022, the FBI reported that $10 Billion was lost to online fraud, according to CNN. It’s not just the usual types of fraud you think of, such as ransomware (where a fraudster takes over your computer and
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When the SH*T Hits the Fan, Call Dan!
For at least 10 years, I’ve been writing blog posts and articles about how to manage your money, how to be proactive, so people can hopefully avoid disaster in their financial life. Sometimes, things can get away from even the most diligent people! Then, the
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Student Loans and Bankruptcy- New Guidance – Breakthrough or More of the Same?
In order to Discharge a student loan in bankruptcy, the US Bankruptcy Code, Section 523 (a) (8) requires the Debtor to prove that repaying the loan(s) “would impose an undue hardship on the debtor and the debtor’s dependents”. Courts around the country have been left
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You Heard About the Student Loan Forgiveness Program-What Happens Next?
On August 24, 2022, the President launched a new program to forgive up to $20,000.00 in Student Loan Relief to millions of Federal Student Loan Borrowers. Here are some questions and answers about this program, what it will do, what it won’t do, and what
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Attorneys – I am Your Bankruptcy Resource!
I have been practicing law for over 30 years, almost all of them in Bankruptcy Court. Over this time, I have advised clients in a wide range of issues. I have represented Debtors, Creditors, and Trustees. All parts of the system. Over these
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