Many people who are in long-term relationships are putting off marriage because at least one of the parties has significant debt. This is especially true in today’s economy, where school loans and few job offers have led to overwhelming debt for a large number of young people. Which begs the question: If you decide […]
Loan modification is the process of negotiating with your lender to reach agreement on modifying the terms of repayment of your existing home mortgage to enable you to continue making your payments despite some hardship that you and your family may be experiencing. Since foreclosure is expensive and the market is currently saturated with […]
Businesses have more than one option if they choose bankruptcy California firm’s bankruptcy bid held up by lender objections
Last year, the internet was abuzz after Hostess Brands filed for Chapter 11 bankruptcy. People feared that their beloved sponge cake treat, the Twinkie, would disappear forever as a result of the bankruptcy (far fewer tears were shed for Ho Hos and Ding Dongs). The fears were legitimate — but it appears they have been allayed, as a couple of investors have turned into heroes for the Twinkie faithful.
The Department of Education and the Consumer Financial Protection Bureau have asked Congress to consider allowing students to discharge their private student loans through bankruptcy. Most students have not been able to discharge these loans since the Bankruptcy Code was amended in the early 2000s.