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Student Loans - A Modern Day Debtor's Prison? Government Considering Change Bankruptcy Laws to Allow Discharge of Private Student Loan
Posted by AcclaimLegalService
Prior to implementation of the "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005" (BAPCPA), debtors were able to discharge private student loans in either Chapter 7 or Chapter 13 bankruptcy. Since then, young Americans have continued to struggle due to:
- Steep…
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Five years ago I was in so much debt that I couldn’t think straight. I wasn’t eating or sleeping properly. Then I lost one of my jobs (neither one was paying very much, just a bit over minimum wage). I began to be late on my house notes every month. I got into a car accident which threw me behind…
Prior to filing a Chapter 13 Reorganization, one of my biggest concerns was “how will this affect my credit?” After talking with one of the attorneys at Acclaim Legal Services, they showed me that a Chapter 13 would allow me to consolidate my bills based on my…
Cindy from your office gave me your information for feedback about our case.
Today she sent us a copy of the courts discharge, so our immediate feeling is over joyed to be done with the process. At the beginning we had no idea what to expect, but everyone in your office took their time to…
I often email you guys with a load of questions or asking for things… but I wanted to take this time to say thank you for all you do. You guys work hard and have been extremely dedicated to helping me with the various things that have come up – even with those…