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…
Reboot Your Life: Tampa Student Loan and Bankruptcy Attorney Blog
Can you Discharge Student Loans in Bankruptcy? Why Yes, You Can!!
I just wrapped up an interview for badcredit.org for a story that they will run sometime in Nov or early December about the new rules allowing someone to discharge student loans in bankruptcy. I’ll post links here when that story is ready. Bottom line is that there is a growing…
Mortgage Forbearance Approved — but Nothing in Writing?
Have you received a verbal forbearance of your mortgage payment? But nothing else? Mortgage servicers have certain responsibilities by law. If you have received a verbal approval of your mortgage forbearance, but haven’t received anything in writing confirming this, not to mention advising what terms are, payment restart date etc.…
WeWork Filed Bankruptcy – Looking for Office Shared Workspaces in South Tampa?
I saw today that WeWork filed bankruptcy and is terminating many of its leases. If you or anyone you know is in need of a new “home” we have new and professional office shares in South Tampa for attorneys or other professionals. Our space is a little different from most…
Filed Bankruptcy After Oct 17, 2005 – You are Likely Eligible for Settlement Cash Now if you have a Navient Student Loan
Re: Youssef v. Navient Solutions LLC, et al., Adv. Pro. No. 17-1085, in the U.S. Bankruptcy Court for the Eastern District of New York. CLAIM SITE: NavientStudentLoanSettlement.com Borrowers are eligible for free money under $16 million student debt settlement – but you need to file a valid Claim Form by November 20,…
PSLF Borrowers May Benefit by Consolidating Even Direct Loans
Consolidation before December 31, 2023 will help some borrowers maximize benefits under the Account Adjustment. After the account adjustment, the qualifying PSLF payments made on loans later consolidated will be credited to the consolidation loan based on a weighted average of the qualifying payments on the underlying loans. This will…
On Hold with Your Student Loan Servicer?
Have student loans that are entering repayment? On hold with your servicer? For hours? Not quite sure what’s going on? Your servicer is your debt collector — are you certain that whatever they are going to tell you, assuming you get through, is your best option to reduce or eliminate…
Don’t Just Pay Your Student Loans – Without a Plan
Lots of misinformation out there regarding student loans. If you are receiving a bill, it’s important to speak with an expert or advocate who is on your side — discuss your options, make a plan. You might save many thousands of dollars by doing this! There are some important deadlines…
Thinking of Filing Bankruptcy — File Before Nov 1 if You Have Family Size of Three
The new means test numbers came out: It hasn’t changed much for Florida except – down 3k for family of 3 though. Very odd, but whatever. New as of Nov 1: https://www.justice.gov/ust/eo/bapcpa/20231101/bci_data/median_income_table.htm. Family size of 1,2,3 and 4. FLORIDA $60,483 $74,569 $86,353 $99,954 It was: FLORIDA $60,429…
Reboot Your Life — How Long Must You Wait to Purchase a Home After a Bankruptcy, Short Sale or Foreclosure?
In our efforts to help our former clients or new clients move ahead with their life, we offer tips to improve credit or benefit from new programs (with particular emphasis on those with prior financial burdens). Today, I’d like to summarize some programs that may help to purchase a…