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August 17, 2016 | WHAT IS A CONFIRMATION HEARING? WHAT CAN I EXPECT?

Overview: A confirmation hearing is a court hearing required by the Bankruptcy Code and applies to Chapter 13 cases. A confirmation hearing does not occur in a Chapter 7 case. The purpose of the confirmation hearing is to ensure all parties in interest (creditors, the trustee(s), the debtor) agree with the debtor’s proposed Chapter 13 plan. If everyone is in agreement, the case is confirmed. If there is a challenge to the plan by any party, a confirmation hearing will be held in order for the judge to address and rule on the party’s concerns.

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August 17, 2016 | CAN I DISCHARGE MY STUDENT LOANS? WHAT ARE MY OPTIONS?

What every student loan borrower, cosigner, and parent needs to know about student loans. Can I discharge my student loans? What are my options? Student loans are being dubbed as the next bubble to burst. According to 2012 reports from the Consumer Financial Protection Bureau and the Federal Reserve Bank of New York, Americans owe between $902 Billion and $1 Trillion in student loan debt. Comparatively, when the bubble burst on the housing market, there was approximately $14 Trillion of outstanding mortgage debt. An important difference to note is that mortgage loan debt is secured

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July 25, 2015 | CHAPTER 13 BANKRUPTCY: WHAT IS IT? CAN I CHANGE THE PLAN AFTER I HAVE FILED?

UNDERSTANDING CHAPTER 13 BANKRUPTCY Chapter 13 of the United States Bankruptcy Code allows the debtor to use his or her income to pay some or all debts that are owed to creditors. It includes a payment plan that lasts for three to five years which lays out how much and how you will pay off your debts. The specific length of the bankruptcy will depend on the size of the filer’s income and debts. Before you can go forward, you will need to have the court approve your payment plan. MODIFYING YOUR PAYMENT PLANS There

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