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Older Americans Plagued by Debt – Budget Tips and Wilmington Bankruptcy Solutions

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Wilmington seniors may struggle with money

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Many seniors don’t have the luxury of spare cash lying around their house or bank account. When unexpected expenses crop up, older Americans may use credit cards to cover the gap. Social Security payments come just once a month, and some pension plans also pay out every four weeks. When you need cash, and it’s far from direct deposit day, it can make life tough.

Study Shows Females Carry More Debt Than Males - Greensboro Bankruptcy Solutions for Women

Debt and gender

Gender disparity exists in debt

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Debt is on the rise in America. The economy rebounded, and all aspects of consumer debt are skyrocketing. And with the rising debt loads, an uneasy pattern is emerging. Recent statistics show that there is a significant disparity between debt loads of males versus females. Women carry more debt than men from their 30s to their late 60s.

New Study Shows Student Loan Borrowers Have Almost No Savings – Overwhelmed by Debt

Student loan savings

A new survey shows people with student loans are not saving!

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A brand-new study by nonprofit Student Loan Crisis on behalf of Meet Summer showed some disturbing (but not surprising) facts about this debt dilemma. Let’s look at what the survey revealed, what it means for you, and what you can do if you’re overwhelmed by student debt.

4 Uncommon Benefits of Wilmington Bankruptcy

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Benefits of Wilmington bankruptcy may surprise you

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Wilmington bankruptcy is a lifeline for those drowning in debt. Unfortunately, most people see it as the end of the line, and some equate it to hitting rock bottom much like when someone heads to rehab. This is the wrong stance to take on bankruptcy. The majority of consumers didn’t wind up in a financial mess by making knowingly bad choices (as you do with drinking or drugs that land you in rehab). Most of our clients had a significant life event that wrecked their finances.

Are You Being Robocalled Over Student Loans? What You Need to Know

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Student loan robocalls blowing up your phone?

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There’s probably nothing more annoying than having your phone ring and racing to answer it only to realize it’s a robocall. Well, maybe one thing is more annoying - getting there and discovering it’s a robocall from a debt collection agency hassling you about your student loans.

How Does a Chapter 13 Greensboro Bankruptcy Repayment Plan Work?

Chapter 13 repayment

How do Chapter 13 repayments work in Greensboro bankruptcy?

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There are three basic chapters under which you can file Greensboro bankruptcy: Chapter 7, 11 and 13. Chapter 11 is primarily for businesses while Chapter 13 and 7 are for consumers. Chapter 13 is known as a repayment plan or a wage-earner plan. This type of bankruptcy lasts three to five years and intends to catch you up on secured debts (car loan, mortgage, etc.) while also relieving some of your unsecured debt.

Should You Refinance Your Student Loans?

Refinance student loans

Is refinancing your student loans a smart money move?

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With rising interest rates, many student loan borrowers face increasingly more expensive student loan payments. You can lower payments by applying for an income-driven repayment plan, or you can refinance your student loans into a new loan.

Why You Might Want to Surrender Your Car in Wilmington Bankruptcy

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Should you surrender your car in bankruptcy?

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Chapter 7 Wilmington bankruptcy is one of the fastest means of obtaining freedom from debt and getting your financial life back on track. The process takes just a few months from start to finish, and you can walk away from most unsecured debt with a clean slate. Secured debts are different. One type of secured debt is your car loan. Should you do anything possible to keep your car or is it wiser to surrender it?

Stuck with Unaffordable Student Loans? Maybe Move to Maine

Maine student loans

Unload your student loan burden in Maine

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If you’re struggling with your student loans, one approach you might not have tried is to pack up and move. No, we’re not suggesting you run away from your responsibilities. But in this case, there could be an opportunity to relocate to get a better deal on your college debt. The state of Maine is offering graduates a chance to live and work in the state and pay off student loans faster than expected.

Celebrity Bankruptcy Alert – Lindsay Lohan’s Mom Files Chapter 13

Celebrity bankruptcy

Another celebrity bankruptcy alert - lessons for Greensboro consumers

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Dina Lohan, Lindsay Lohan’s mom, is back in the headlines. She’s made news in the past for brawling with her ex-husband and father of her children, Michael Lohan. They sparred about money in the past, and now Dina’s money woes are front and center as she recently filed Chapter 13 bankruptcy in New York state. Here’s a look at the latest celebrity bankruptcy case.

Proposed Legislation Asks Employers to Help Pay Your Student Loans

Employee student loans

Will your employer help you with student loans?

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With student loans a growing crisis for many consumers – and the economy in general – the search for a solution is ongoing and intensifying. If you can’t afford your payments, or can but they’re causing a bite in your budget, you may want to take notice of a new piece of legislation. A new bill introduced on October 11, 2018, by Senator Cory Gardner (R) encourages employers to chip in and help their employees pay off their student loan debt.

Should Seniors Use Wilmington Bankruptcy to Deal with Debt?

Senior bankruptcy

Is senior bankruptcy right for you?

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Bankruptcy provides the assurance of debt relief and a fresh start to all who choose it. However, in the case of seniors, there are special considerations because of fixed income, medical costs, assets, and equity. Seniors should carefully consider the decision to file. Also, look for a Wilmington bankruptcy attorney with lots of experience with senior bankruptcy and a good reputation.

What Is a Borrower Defense to Repayment and Can It Help You With Student Loans?

Student loans

Student loan solutions to fraud

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There’s a special type of student loan forgiveness targeted at people with college debt who were done wrong by their school. It’s called a “borrower defense to repayment” and allows you to request cancellation of your student loans. Even better, if you qualify, you can get back payments you made on the student loans. Here is what you need to know about this one-of-a-kind program and whether it could benefit you.

5 Things Not to Do Before You File Greensboro Bankruptcy

Bankruptcy tips

Planning Greensboro bankruptcy - a few things to avoid

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If you reasonably see yourself filing Greensboro bankruptcy at some point in your near future, there are certain things you should avoid. Engaging in these actions can put your debt relief at risk. You want the best results from your bankruptcy case and to avoid any accusation from the court of fraud. Here are five things to avoid doing before you file your bankruptcy case.

Millennials Hit Hardest By Student Loans

Student loan bankruptcy

Student loan study shows Millennials struggling

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Student loans are a growing plague on our economy and affect consumers of all ages. However, not all are affected equally. A recent study by AARP and Association of Young Americans found that Millennials (individuals ages 21 - 36) are the hardest hit by this debt, among all the generations in the US.

Child Support and Alimony During Wilmington Bankruptcy

Child support and bankruptcy

Child support and alimony during bankruptcy

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Wilmington bankruptcy is a powerful tool that can be used to combat most debts. Once you file, the automatic stay kicks into effect, ensuring you get a breather from your obligations. Once you complete your case all the way to bankruptcy discharge, the relief from most debts is permanent. However, it doesn’t work that way with all bills.

Are Your Student Loans Eligible for Bankruptcy Discharge?

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Student loan problems?

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As student loan debt consumes more Americans, the search for solutions intensifies. One option to consider is bankruptcy. At one time, student loans were much easier to discharge in bankruptcy, then it got much harder, and now the pendulum may be swinging the other way finally.

5 Things Not To Avoid When You’re Being Hounded by Debt Collectors

Debt collection call

Hassled by a debt collector?

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Owing debt you can’t afford stinks. Owing debt you can’t afford and being hassled for payment by a debt collector is even worse. You likely never meant to let the bill go unpaid, but sometimes life gets away from you and money problems occur.

Bankruptcy Student Loan Discharge – What You Should Know

student loan stress

Stressed about student loans

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Very few debts are ineligible for bankruptcy discharge. Among them are recent income taxes, alimony, child support, and student loans. Also, ineligible are debts taken fraudulently or via theft or other similar shady means. However, student loans weren’t always nondischargeable – so how and why did they get carved out of the federal debt relief mechanism?


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