Secured Debt has 2 Parts 1. Debtor’s Personal Obligation to Pay Back the Loan 2. The Lender’s Security Interest, the Lien What is the actual meaning of property ownership after bankruptcy surrender? The bankruptcy discharge removes a debtor’s obligation to pay the debt, assuming the debtor has not signed a reaffirmation agreement (agreeing to be… Read more »
Posts Categorized: Bankruptcy
Financial Crisis; Acceptance; Release; Action; Hope.
Too often, I see people coming into my office that are mired in debt and denial, and weighed down with guilt over a financial crisis. Remember we are in the midst of a global financial crisis; therefore, you are not alone. There are a lot of people out there just like you who share either… Read more »
IS THERE RELIEF THROUGH BANKRUPTCY FOR DEFAULTED STUDENT LOANS?
The beaten-down American consumer is in the throes of scratching his way out from under the mortgage loan lending crisis, and now there is a new and looming catastrophe: the ever-growing student loan crisis. Student loan borrowing exceeded the $100 billion mark in 2010, and total outstanding student loans surpassed the $1 trillion point for… Read more »