Archive for 'Debt Collection (Lawsuits & Harassment)'

Should I file for Bankruptcy?

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The National Consumer Law Center (NCLC) explains how bankruptcy can help you and when it may be the wrong solution for fix credit report after bankruptcyyou.

This article, part of a series, provides an excellent overview of the difference between chapter 7 and 13 bankruptcies, lets you know the best time to file for bankruptcy, and sets out what a bankruptcy will cost. Importantly, the article corrects common ...

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Bankruptcy Trustees going after Paid College Tuition

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Tuition recovery lawsuits are a growing trend and an example of creative use of fraudulent transfer law.

According to the article in the Wall Street Journal:

Tuition recovery lawsuits are a new phenomenon. Historically, tuition payments were so small that a court-appointed trustee wouldn’t waste time pursuing them. But as college costs rise and more parents chip in to help their kids, bankruptcy experts predict more of these lawsuits to come.

Why are trustees going ...

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Student debt and taxes

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This article in the New York Times addresses the question: If you’re enrolled in the income-based repayment program, where any remaining federal student loan debt gets forgiven after a certain number of years, should you have to pay income taxes on the loan balance that the government dismisses?

There are exceptions, but most folks must pay the taxes and pay on time or get hit with penalties and interest. Unfortunately, this means that even if you get a break on ...

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