Helpful podcast from Clark Howard about student loans
Clark Howard
18 August at 20:12 ·
Nearly 50 million Americans are in student loan debt. Money expert Clark Howard breaks down what the executive order means for your student loans. Plus, Clark rallys behind a NEW PROPOSAL to solve the underlying student loan problem in America! LISTEN HERE (time code 18:15) 👂👂🎙🎙 https://clark.com/podcasts/8-17-20-what-s-happening-with-the-post-office-student-loan-executive-order-details-a-new-proposal-for-student-loan-forgiveness/
Don't forget you can listen to The Clark Howard Show whenever you want on his podcast! New episodes drop at 6PM, daily (M-F) on or your favorite podcast provider!
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Filing for bankruptcy provides hundreds of thousands of Americans with a fresh start each year. However, no one sets out hoping that they will one day file for bankruptcy. People file for bankruptcy as a result of unforeseen and unanticipated circumstances.
If you have significant student loans, medical bills or other debt, and trying to repay them is causing you stress, contact the experienced bankruptcy attorneys at Morgan & Morgan to discuss your situation in further detail. https://buff.ly/2ZDGaRv
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What are the most common reasons for filing for a Chapter 7 bankruptcy?
Filing for Chapter 13 bankruptcy may be able to help underwater homeowners through a process called lien stripping. When a homeowner files for a Chapter 13 bankruptcy in hopes of consolidating their debt while keeping their home, lien stripping can eliminate some of the debt the homeowner owes on the home. Lien stripping is the process of eliminating unsecured junior liens through a Chapter 13 bankruptcy.
If you are considering filing for bankruptcy, but wonder whether you will be able to your your home, contact the knowledgeable attorneys at the Georgia bankruptcy law firm, Morgan & Morgan, P.C. To learn more, call 706-510-3920 to schedule a free consultation today.
https://morganlawyers.com/what-is-lien-stripping-and-how-does-it-work/
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What is lien-stripping and how does it work?
The automatic stay is one of the benefits to filing for bankruptcy. When someone files for bankruptcy, the court orders a stay on all attempts to collect debts from the filer. In part, the reason for the automatic stay is to give the filer some breathing room so they can figure out a repayment plan. It also makes the process more manageable for the courts, which do not have to deal with endless modifications to the bankruptcy petition as the filer makes incremental payments throughout the process.
If you are considering filing for a Georgia bankruptcy, but are not sure that bankruptcy is right for you, contact the dedicated Georgia bankruptcy attorneys at the law firm of Morgan & Morgan, P.C. To learn more, call 706-510-3920 to schedule a free consultation today. https://buff.ly/2WUukj6
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How the automatic stay in bankruptcy proceedings can help a filer get back on track
The short answer to this question is “no, there is no minimum amount of debt necessary to qualify for bankruptcy.” However, for Chapter 7 bankruptcy cases, there is a requirement that the filer demonstrate that they do not have sufficient means to pay back their debts through a Chapter 13 bankruptcy. So, practically speaking, it is important that those who are interest in filing for bankruptcy understand the two types if individual bankruptcies, what they entail and the potential impact that a bankruptcy can have on their finances, moving forward.
Before someone files for bankruptcy, especially if they do not have a significant amount of debt, it is important they consider the cost of filing for bankruptcy, as well as the effect that filing will have on their life after the bankruptcy is over. However, with that said, the general public’s understanding on the repercussions of filing for bankruptcy are often worse than they actually are. Those interested in learning more about bankruptcy should consult with a dedicated Georgia bankruptcy lawyer to learn more. https://buff.ly/35SzErn
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Is there a minimum amount of debt needed to file for bankruptcy?
Filing for bankruptcy is not something that anyone should take lightly. The process is quite intensive. Chapter 13 bankruptcy is especially complex, because under this type of bankruptcy a filer will be required to pay down most of their debt through a court-ordered repayment plan.
Below is a list of steps that someone will need to take to successfully file for a Chapter 13 bankruptcy: https://buff.ly/3cgGUQ0
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The steps for filing for a Chapter 13 bankruptcy
Happy Veterans Day!
Morgan & Morgan would like to take this opportunity to thank all of our veterans and their families!
There is no greater debt of gratitude we owe as Americans than to those who have worn the uniform of the US Military throughout history and have fought for the freedoms we enjoy.
God bless all of our veterans and their families!
