What Happens if You Default on a Federal Student Loan?
What can happen if you default on a federal student loan? You are “in default” on your federal student loan if you have not paid in 270 days (approximately nine months). Your wages can be garnished or your tax refunds seized. How do you stop seizure of your tax refunds?
Chapter 13 Rules in Arizona Change December 1, 2017
Arizona adopted a chapter 13 model plan – effective for all cases filed or converted after December 1, 2017 Local Rules 2084 Chapter 13 Model Plan According to the Arizona Bankruptcy Court the failure rate of those who file their own chapter 13 cases (without an experienced chapter 13 attorney) is over 98%.
Can I Buy a Home After Bankruptcy?
How long after bankruptcy do I have to wait before buying a home? Anyone who either filed for bankruptcy or is considering it has asked “how long before I can buy a new home”? Attached is a spreadsheet which purports to detail the answer to this question.
You Sue & Win, but Pay More in Taxes Than $$ Received. Thanks New Tax Law
I have been around enough not to be overly surprised by lack of common sense from Congress and our President, but the latest revelation makes my stomach hurt. What Now?? With the new Tax Cuts and Jobs Act (TCJA) it is just coming to light that a person injured and later successful in suing must […]
Disabled Can Now Avoid Taxes When Student Loans Forgiven
Forgiveness of Student Loans: The Good News in the 2018 Tax Law: After January 1, 2018 borrowers whose student loans are forgiven due to “total and permanent disability” no longer have to pay federal income taxes on those forgiven loans.
Help – My Credit Score is Destroying My Life
There is a fairy tale that a good credit score will get you a better life. We know that most fairy tales are fables designed to teach children a healthy respect for rules and society’s expectation. Some fairy tales were written to scare children to stay away from “bad places”, while others teach children to […]
Student Loan Debt Mounting Daily
I make over $150K annually and I need to file bankruptcy Query from a new doctor: I am a newly graduated medical professional and single mom. In the past six months I have earned more than 80K. I think this disqualifies me from Chapter 7. Even though I make six figures, I have A TON […]
Very Pissed Off Judge Slams Bank of America
One Very Pissed Off Judge Continues to Slam Bank of America In re Sundquist v. Bank of America, Case No. 10-35624 (Bankruptcy court, E.D. CA. 1/18/18) Bank of America, with a gun to the Sundquists’ heads… This motion to dismiss began as a hostage standoff. Bank of America, with a gun to the Sundquists’ heads, […]
How Do You Choose to Live Your Life?
Do you have a plan as you wonder through your life? If not, why not? It is okay if your plan is to live each day to its fullest or to plan each new stage of your life over several years. The important point is that you do not let life and those around you […]
