Legal Articles, Credit & Debt

Fraud due to empty promises is one reason forgiveness is sought for many student loans, with a recent news article stating that the majority of these cases filed are by borrowers who attended for-profit learning institutions.

"There are many experts who will warn you against the perils of co-signing unless you are fully prepared for the unfortunate circumstances of a default."

If you find yourself with a pile of unpaid debts today, it may be hard to pinpoint where the whole problem started—aside from that first credit card that arrived in the mail (probably years ago) and seemed so innocuous.

"Student loan debt has become almost like an illness for many in the US – and if you don’t have it, you probably know someone who has or is currently being affected by it."

Insurmountable debt usually arises due to issues beyond our control. While going on wild spending sprees and racking up the dollars in credit card debt is always a temptation, most of us decline to do so because of the consequences involved later—mainly because the money owed must be paid back or creditors will come after you.

Taking on multiple credit cards even while your credit is good can be a slippery slope. The temptation is there to max out balances, no matter your financial standing—and if something goes wrong with your finances, you could find yourself being sued by creditors for payment.

Thank you for contacting our office for a free bankruptcy consultation. Our firm has been handling bankruptcy cases for over 30 years. Bankruptcy is very helpful in the following situations: Stop repossessions and foreclosures Stop wage garnishments Consolidate debts through Chapter 13 Stop IRS collections Pay student loans through Chapter 13 Discharge most debts and cancel judgments Bankruptcy is designed to give you relief from your creditors, and let you keep your property, in most cases. If interested in a free consultation to discuss your options, please contact my office as follows: Teresa Polk, Legal Assistant to James C. Hord, Attorney at Law 4801 E. Independence Blvd., Suite 1000 Charlotte, NC 28212 Telephone: show contact info Visit my website at:James C. Hord, Charlotte Bankruptcy Lawyer do NOT contact me with unsolicited services or offers post id: 6417900371

Determining when its time to file bankruptcy.

This article has tips for debtors to avoid actions that might negatively impact a future bankruptcy filing. This is not a complete list of pitfalls that could jeopardize your case. You are advised to consult with a bankruptcy attorney before engaging in any transactions involving debts or assets.

This article discusses the options available to assist Debtors in keeping their homes and preserving equity in bankruptcy proceedings.