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Delaying Greensboro Bankruptcy Can Be Disastrous

Financial stress

Are you living in a financial sweatbox?

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Have you ever been in a car accident where you felt like time was moving in slow motion? There was the point that you realized you were about to crash, but you didn’t know how bad it would be once it happened. Financial disasters are like that. You usually see them coming but don’t know how bad things will get. Think of Greensboro bankruptcy as the ambulance you call in a financial wreck. It can save you, but the later you wait, the greater the chance for lasting injury.

Student Loans Puts Lives on Hold

Student loans

Are student loans holding you back?

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Student loans are a crisis growing by the day. While many student loan borrowers find a way to afford their loan payments, many others struggle. Some live with a lower quality of life to afford their debt, and many miss out on financial opportunities and delay major life decisions and purchases. It’s known that student loan debt slows rates of marriage, starting a family, and home ownership.

Celebrity Bankruptcy Alert: Lil' Kim Tries to Save Home in Chapter 13

Lil Kim bankruptcy

Rap star Lil Kim files bankruptcy to save her home

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Losing a home to foreclosure is undoubtedly one of the most stressful outcomes from a personal financial crisis. Wilmington bankruptcy is a reliable solution to put the brakes on foreclosure. Both Chapter 7 and Chapter 13 can stop a foreclosure auction, but the path to saving your home differs with each. Even celebrities turn to bankruptcy to keep their homes. One recent celebrity bankruptcy filer trying to shield her house from foreclosure is hip-hop star Lil' Kim.

Court Rejects Student Loan Discharge – Tells Debtor to Stop 401(k), Get Tiny Apartment

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A new bankruptcy court ruling

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A recent court decision is worrisome for struggling student loan debtors. The US Bankruptcy Court issued a harsh ruling in the case of Janice Faye Hopson v. Illinois Student Assistance Commission and U.S. Department of Education. Here’s a look at the case, the unforgiving outcome, and what it means for those struggling to pay their college debt.

7 Things to Do After Greensboro Bankruptcy

Bankruptcy next steps

What's next after Greensboro bankruptcy?

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The day you get your bankruptcy discharge is one for celebration. It’s a break-out-the-champagne, dance-in-the-streets moment. With your Greensboro bankruptcy discharge achieved, you’ve wiped out debt, bill collectors aren’t dogging your steps, and you’ve got room to breathe. So, now what? Check out these seven post-discharge steps to make the most of your fresh financial start.

Bankruptcy Victory for Student Loan Debtor

Student loan court verdict

Court verdict offers hope for student loan debtors

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Student loan debtors eyeing bankruptcy relief for their college debt have a cause to celebrate after a recent court victory. A United States bankruptcy court in Iowa just granted a full discharge of student loans in a case that reflects a growing judicial shift on undue hardship and student debt.

Awesome Powers of the Automatic Stay in Wilmington Bankruptcy

Automatic bankruptcy stay

Stop debt collectors with Wilmington bankruptcy

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One of the worst things about a personal financial crisis is dealing with debt collectors. Once you get behind on bills, you can expect your home and cell phones to start ringing, your mailbox to fill with late notices, and to be harassed with calls at work as well. Wilmington bankruptcy can help.

5 Ways to Get Your Student Loans Paid Off (By Someone Else)

Student loans

Need a tip on student loan debt?

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Student loans are a burdensome reality for most college graduates. If you’re struggling with a stack of loans you can't afford, no doubt you’re looking for answers. Advice about brown bagging lunch and skipping Starbucks is nice, but when you’ve got $50k in student loans, it seems like a drop in the bucket.

401(k) Loans Are A Tough Case in Greensboro Bankruptcy

401k loan

How 401(k) loans are treated in bankruptcy

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When planning for your future, a 401(k) account helps you plan for your golden years. Many employers provide 401(k) investment opportunities for their employees – and offer a match that can help you set aside even more for your golden years. That account is an asset, and you might not know this, but you can borrow against it. If you file Greensboro bankruptcy, you should carefully consider the fate of your 401(k) and any applicable loans.

Should You Consolidate Your Student Loans?

Loans

Should you consolidate student loans?

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It’s rare that someone has just one student loan. Even if your major stays the same and you stick to the same college and power through in four years or less, you won’t have just one student loan. You’ll have many. That’s one of the reasons it can be a challenge to get your debt under control in the aftermath of leaving college.

Celebrity Bankruptcy Alert: American Chopper Star Files Chapter 13

American Chopper

American Chopper star Paul Teutul Sr files Chapter 13 bankruptcy

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Paul Teutul Sr. rose to fame on the Discovery Channel’s American Chopper that aired from 2003-2010. The successful show brought in around 3.4 million viewers per episode and encouraged profits at Teutul’s California cycle shop, Orange County Choppers. But despite his success, Paul Teutul recently filed Chapter 13 bankruptcy. Here’s a look at this fascinating celebrity bankruptcy case.

Parent PLUS Student Loans and North Carolina Bankruptcy

Parent PLUS loans

The ups and downs of Parent PLUS loans 

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College gets more expensive by the year, and many parents want to foot the bill to get their kids through school. Unless you are independently wealthy or managed to amass a sizable college account, it can be a financial reach. For many parents who want to make sure the next generation gets a degree, that means taking on debt. One of the most common forms of finance is the Parent Loan for Undergraduate Students (PLUS) loan.

4 Ways To Know It’s The Right Time For Greensboro Bankruptcy

Time

Is it time for Greensboro bankruptcy?

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When considering Greensboro bankruptcy, timing is everything. Getting into unmanageable debt isn’t an overnight process but a downhill slide over time. It usually starts with a bill you can’t pay on time, then escalates into a bill you can’t pay at all. From there, it might be a missed mortgage payment (or more than one), maxed out credit cards, and then a debt spiral where debt collectors start hassling you.

5 Scary Outcomes of Student Loan Default

Student loan default

Bad things can happen when you default on student loans

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Credit bureau Experian reports that more than one-fourth of Americans have an item in the hands of a third-party debt collector. For many, those delinquencies are their student loans. At present, student loans have spiraled into a $1.5 trillion debt crisis for American consumers.

How the 180-Day Rule Could Change Your Wilmington Bankruptcy Outcome

Calendar

Bankruptcy timelines matter

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In Wilmington bankruptcy, 180 days is a magic number in many respects. In this article, we’ll look at the six-month line for income, inheritances, and other events that can affect the outcome of your case. These are things you must know before you file a bankruptcy case.

Social Security Overpayment Hanging Over Your Head? Greensboro Bankruptcy Can Help

Social security

Overwhelmed by a social security overpayment?

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Social Security benefits are something that many older Americans rely on, but they aren't the only ones getting this type of government benefit. There are also Social Security Administration (SSA) benefits for Spouses and Survivors, Social Security Disability Insurance, and Supplemental Security Income.

More Judges Want to Forgive Student Loans in Bankruptcy

Bankruptcy court

Bankruptcy judges may be loosening restrictions on undue hardship

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Student loan debt in America is a crisis of epic proportions. The total cost of this debt is now over $1.5 trillion. Individual debt coming out of college averages close to $35,000. For those who can afford their student loans, it's no big deal. For others, though, it can escalate into a full-blown financial crisis. Despite the debt spiral, there is some good news lately with court decisions, and it seems that restrictions are loosening on bankruptcy forgiveness of student debt. Here's what you need to know.

Mike Tyson: Celebrity Bankruptcy Success Story

Mie Tyson banruptcy

Lessons to be learned from Mike Tyson's bankruptcy success story

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Most Wilmington bankruptcy filers aren’t world class boxers, never owned pet tigers, and didn’t rake in almost half a billion dollars in earnings before filing. All that applies to Mike Tyson, yet the lessons to be learned from his bankruptcy case resonate for many. Here’s a look at how Iron Mike turned around his finances to become a bankruptcy success story.

4 Concerns When Choosing a Student Repayment Plan

Loan repayment

Choose your student loan repayment plan wisely 

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Student loans are a national crisis at $1.5 trillion and climbing every day. If you’ve got college debt you’re struggling to repay, you may need to reconsider your choice of payment plan. Even if you can afford your payments, you might want to adopt a different strategy for repayment that better fits your financial goals.

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