I read an article today by the Ascent, that among all Americans, the average amount of time spent on financial management per day is 1.8 minutes. That may include things like defining a goal, budgeting, saving for retirement, managing debt, planning for taxes, planning for emergencies etc. I guess I’m…
If you’ve decided it’s time to take back your life, we can help devise a debt escape plan with you. This may involve making decisions about what to pay, what not to pay, how to settle and create a plan to get out of debt. This includes student loan debt…
FTX wants to pay customers back but based on crypto prices at the time of its bear market bankruptcy. So, not good. In paperwork filed on December 27, FTX proposed prices for around 500 crypto assets. This includes: Bitcoin at $16,871 Ethereum at $1,258 BNB at $286 Any objections must…
Despite lots of changes in the landscape allowing the discharge of both federal and private student loan debt under the right circumstances, many people still believe that student debt survives a bankruptcy. Private loans follow very different rules then federal as you probably know. One thing I haven’t written much…
Most people I speak with about the disability discharge of federal student loans are concerned that the test is similar to the Social Security Disability analysis. It’s not. You don’t have to deal with a scale of whether you can feed or dress yourself. You don’t have to be approved…
Are you having trouble with your federal student loan servicer who is asking for income documentation? You can avoid all that for now, by simply self-certifying your income. You can self certify through February 29, 2024 and here is how: https://studentaid.gov/help-center/answers/article/report-income-in-the-income-driven-repayment-application https://studentaid.gov/help-center/answers/article/report-income-in-the-income-driven-repayment-application Once you self certify your income, that is…
What should you do if you are being harassed for a debt that you did not sign for? Here are some ideas: If you acted as a power of attorney (POA) for another, the creditor is likely violating several consumer statutes for unlawfully collecting a debt against you. We can…
Now that the real property market is at it’s high, we are seeing many more second mortgages seemingly coming out of the woodwork. Despite years of inactivity, including no communications with a borrower, second mortgages are now threatening foreclosure if payments aren’t resumed to them. What can you do if…
To help get the word out on how to obtain significant savings on federal student loans, we are speaking at a roundtable for the Florida Defense Lawyers Association on December 14. Sponsored by: The FDLA Women in the Law Committee. Maximize your opportunities for student loan forgiveness by taking advantage…
If you have federal student loans, the Income Contingent Repayment (“ICR”) is the most expensive Income Driven Repayment Plan or IDR: 20% of your discretionary income, or the amount you would pay on a repayment plan with a fixed payment over 12 years, adjusted according to your income. Think of…