If you have significant debt but have been told that you cannot file a Chapter 13 consumer bankruptcy, now you can file bankruptcy and not risk dismissal by the U.S. Trustees office. This change occurred because the Bankruptcy Threshold Adjustment and Technical Corrections Act was signed into law yesterday. Prior…
On Friday, the Senate passed a bill that would provide relief to thousands who have been trapped in a long battle with the Department of Education after a married couple had the misfortune of consolidating their loans. While at first blush that may have seemed like a good idea, the…
This week, the parties in Sweet v. Cardona filed a motion with the court that they had reached a settlement in principle to resolve the case. As a quick refresher, this case challenged 1) the Department’s failure to issue timely adjudications on borrower defense claims and 2) the Department’s blanket denials…
A mortgage servicer called a “furnisher” for purposes of credit reporting is responsible for updates to a borrower’s credit report. Many times following a foreclosure, there is a limited time for the lender to seek a deficiency judgment. Here is Florida it is one year. If a year goes by,…
I’m happy to say that we are starting to see Navient refund checks coming in! A client today received a check for $13,795 which represents payments he had made on a Navient private student loan after June 30, 2021. The remaining balance on these loans were forgiven per the Navient…
We’ve made the difficult decision to not take any further clients who have requested assistance in filing Borrower Defense to Repayment applications. Importantly, it is NOT because the program itself won’t result in possible full forgiveness, we still expect that for many borrowers, but it is taking a longgg time. …
Life Isn’t Meant to be Lived Paycheck to Paycheck I know there’s been lots of press about the 8.5% inflation rate that was announced this week. I also know that many people don’t believe that number. Why not? Well, the U.S. Bureau of Labor Statistics has been consistently modifying their…
Our in person student loan presentation went well this week at the annual Alexander L. Paskay Memorial Bankruptcy Seminar – hopefully, our efforts to spread the word about student loan debt relief is getting to the masses! The absolute easiest way to check for updates is our Student Loan Sidebar…
Whoo hoo, just in time to save one of our Chapter 13s with crazy high student loan balances and an ED POC that was gonna torpedo us. Now we are going to be able to file our adversary to hopefully drastically reduce the private student debt and make our client’s…
After being cancelled for last couple years, the Alexander L. Paskay Bankruptcy Seminar is a GO for March 19-21, 2022 at the Tampa Marriott Water Street in Tampa. I am honored to have been asked to present on a panel regarding student loan strategies, tax issues and dealing with the…