Student loan debt was put on pause in March of 2020, at the beginning of the pandemic. In the five years since, the pause was extended multiple times. Most borrowers were technically required to start repaying in October of 2023, but the pressure was low. There were no penalties for delinquency in the early months, and the Department of Education (DOE) wasn’t pursuing involuntary collections.
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Avoid common pitfalls by knowing the moves to avoid before bankruptcy to help you navigate your financial situation. Here are some common steps people struggling with debt take that can backfire if you want to file bankruptcy.
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No one likes being in debt, and debt becomes increasingly stressful as balances rise and it gets harder and harder to make timely payments. Discover the mistakes people make with debt and learn how to manage your finances effectively.
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Chapter 7 bankruptcy and Chapter 13 bankruptcy can both be powerful solutions for people who are overwhelmed by debt in Los Angeles. They are also very different solutions that benefit different people in different circumstances.
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Bankruptcy can be a powerful tool for regaining control of your finances. But it’s not your only option. Most people who ultimately file for bankruptcy protection spend years struggling with finances before they file.
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If you’ve received a summons for credit card debt, you may be unsure about what you should do next. You have limited time to act after you receive a summons, so the one thing you definitely shouldn’t do is procrastinate.
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Wondering if it is time to consider bankruptcy? Explore 7 crucial signs indicating that you should seek legal advice today.
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Avoid costly mistakes. Understand the dangers of filing bankruptcy without an attorney and the importance of guidance.
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Explore the differences between bankruptcy and debt settlement. Understand which option offers better relief for your financial situation.
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Learn how to rebuild after bankruptcy with essential budgeting tips and five steps for a stronger financial foundation.
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Understanding bankruptcy is crucial. Find out how what you do not know can hurt you in bankruptcy filings and decisions.
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Household debt has reached unprecedented levels. Learn about the current state of credit card, mortgage, and auto loan debt in the U.S.
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