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Bankruptcy & Debt Legal Articles
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As over 44 million borrowers continue to pay off their portions of the $1.5 trillion student loan debt that is looming over the US economy, many are stressed, limited by serious financial constraint, and headed into delinquencies or outright default.
Even if creditors and collections agencies are following the law, their efforts can still be relentless, harsh, and full of intimidation. Unfortunately, the process can get much worse if they decide to sue.
Bankruptcy may seem like an intimidating process that you know nothing about, and you may be worried about all the paperwork. With the help of a skilled bankruptcy attorney, you should find the process to be streamlined.
If you do not reply to a collections lawsuit, and you do not appear at the scheduled trial, chances are good that a judgment will be entered against you automatically.
The majority of rising students have loans, whether they are federal, private, or a combination of both. Now, statistics show that these growing numbers involve more women than men.
Even with careers that may get off the ground quickly, high monthly balances due to student loan debt servicers can be crippling.
Although trying to forget about your financial problems may seem like the easiest thing to do, procrastination just increases stress in the long term.
If you are concerned about impending creditor lawsuits or fighting a default judgment, consult with an experienced law firm as soon as possible.
There are a host of different programs available via the government if you are having trouble making payments on your student loans, and many of them are overlooked by borrowers.