Blog Posts in September, 2012

What Happens To My Bank Accounts When I File For Bankruptcy?

People often ask what happens to their bank accounts once they file for bankruptcy. The answer depends on whether or not your bank is also your creditor. Your bank is your creditor when you owe the ...
Continue reading "What Happens To My Bank Accounts When I File For Bankruptcy?" »

Can I Discharge My Student Loans Through a Bankruptcy?

When people ask whether student loans can be eliminated by filing bankruptcy, the usual answer given is an emphatic "NO!". However, it is possible to have your student loans discharged with ...
Continue reading "Can I Discharge My Student Loans Through a Bankruptcy?" »

What happens if I do not pay back my student loans?

If you fail to make payments for your student loans, these loans will eventually go into default. Defaulting on a student loan is pretty much the same as defaulting on any other type of student loan. ...
Continue reading "What happens if I do not pay back my student loans?" »

Should I Pay Back Debts to My Family or Friends Before Filing For Bankruptcy?

The short answer to this question is NO! The reason why you should avoid paying off a debt owed to a relative, friend or business associate is that the Bankruptcy laws considers these people as ...
Continue reading "Should I Pay Back Debts to My Family or Friends Before Filing For Bankruptcy?" »

What happens to my co-signers if I file for bankruptcy?

Often times when someone takes out a debt they will have a co-signer for that debt. The co-signer becomes jointly responsible for repaying that debt. This means that if the person who holds the debt ...
Continue reading "What happens to my co-signers if I file for bankruptcy?" »