Parent Plus loan borrowers and grad loan borrowers have received the short stick for all the recent announcements post the Supreme Court decision on student loan forgiveness. The new bankruptcy rule will allow debtors to create a Chapter 13 Plan to easily provide IDR credit: Changes: We have revised §685.209(k)(4)(iv)(K)…
Need new hurricane windows, roof, exterior door or garage door upgrades, roof decks, reinforcement of roof to wall connections? – check out this 10k grant below, opened up with new funding on July 1 for Florida homeowners. It’ll match $2 for every $1 you spend. No state tax on several…
I was reading about Solomon’s Paradox today: We’re better at solving other people’s problems than our own, because detachment yields objectivity.” So true. I enjoy solving a client’s problem, will do multiple rounds of negotiation, think outside the box for unusual solutions etc. But when faced with buying a new…
We’re presenting at a Webinar on Tues (on demand later) for student loan update post Supreme Court decision. Cost is only $25 through PLI. https://www.pli.edu/…/get-ready-for-the-student-loan… Or you could read the 427 pages of new IDR regs if you prefer https://www.pli.edu/programs/get-ready-for-the-student-loan-pause-to-end–the-recent-supreme-court-decision-and-next-steps-for-borrowers?t=live&p=386076&fbclid=IwAR3L6CP1HXa0KovOq0isZ8RUkyBMnINy4dpklBj4mXDX9vZgp-o2dTIf4uU Hope to see you there!
Can I do All This Myself or Do I Need an Attorney? Yes, dealing with your debt is something you can do yourself. But like anything, sometimes it is better to hire someone who does this day in and day out. Particularly if you have a lot of debt or…
Basically, a Rule 2004 exam is just like any other deposition. In every bankruptcy case, a 341 creditors meeting is set approximately five weeks after a bankruptcy petition is filed. A 341 examination is usually short (about 15 minutes on average) and viewed as the only opportunity for a creditor,…
We received this inquiry today from a fellow bankruptcy attorney: I have a client who had a Chapter 13, which due to it being a 100% plan, ended off paying off the Proof of Claim Amount at 100% in the bankruptcy. Years later, (Insert Private Student Loan Company Here) is…
We’ve just learned that the U.S. Supreme court denied the 10k-20k forgiveness of federal student debt that was pending. We were expecting that. Unfortunately, most of our clients owe so much more anyway, and the other programs out there are doing so much more to get rid of this debt.…
The FHA Covid-19 Forbearances allow for reduced or suspended payments without specific terms of repayment, for six months at a time, up to 18 months. Deadline for applications was May 11, 2023. The end of the health emergency is now over. If you’ve lost your income, job change or divorce…
We’ve seen some confusion out there about whether those with disability discharges for federal student loans are required to provide income information going forward. This is because the new rule hasn’t yet gone into effect. But it will before the repayment pause ends so no worries. https://www.ed.gov/news/press-releases/education-department-releases-final-regulations-expand-and-improve-targeted-debt-relief-programs The rule eliminates…