By Sam Turco on Posted in Chapter 7
I meet lots of people who desperately need to file bankruptcy, but they lack the money to file. A typical Chapter 7 case costs $1,300, and paying the fee is probably the biggest stumbling block to filing a case.
A company called BK Continue Reading
By Sam Turco on Posted in Chapter 7,Student Loans
The Eight Circuit Bankruptcy Appellate Panel (8th BAP) affirmed the discharge of a $27,000 of federal student loan debt despite the fact that the debtor, Sara Fern, was eligible to pay nothing in an Income Based Repayment (IBR) plan. See In re Continue Reading
By Sam Turco on Posted in Chapter 13,Chapter 7,Credit Counseling
Do Chapter 13 payment plans really work? How many customers actually finish the plan and become debt free? How does it stack up to other options like consumer credit repayment plans? If you don’t know how likely a plan of action will
By Sam Turco on Posted in Chapter 7,Reaffirmation Agreement
There is a lot of chatter going on among Nebraska bankruptcy attorneys about reports of court hearings where debtors are being told they can keep a car even if they choose not to reaffirm the car loan as long as payments are
By Sam Turco on Posted in Chapter 13,Chapter 7
Nebraska is the 16th biggest state in the USA, but we rank 43rd in population density. In fact, Nebraska has more cows than people by a ratio of 3 to 1.
Bankruptcy is a specialized area of laws these days, especially after enactment of the
By Sam Turco on Posted in Chapter 13,Chapter 7,Foreclosure,Student Loans
Ten years ago this month the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) became effective. The act was designed to make filing bankruptcy more difficult by requiring filers to provide more information to court trustees that supervise the process and by installing
By Sam Turco on Posted in Chapter 13,Chapter 7,Junk Debt
Is it a violation of the Fair Debt Collection Practices Act for a creditor to file a Proof of Claim in a bankruptcy case on an old debt that is no longer collectible by virtue of a Statute of Limitation? Ever since the 11th