2. Legal Articles
  3. Bankruptcy & Debt

REFINE BY AREAS

Search Legal Articles

Legal Articles, Bankruptcy & Debt

Student Loan Debt Puts Financial Stress on Many Parents Today

As parents, it's only natural for us to want to see our children succeed. However, by co-signing on expensive student loans without the proper budgeting and preparation, have you opened your family up to serious consequences down the line?

Seeing Court Action Set Aside—and Getting Finances Back on Track!

Dealing with a collections lawsuit is seldom the time for a do-it-yourself solution. If you have been sued, or are concerned about being sued in the future, it's never too early or too late to ask for help!

Household Debt in the US Heavy with Student Loans

Recent studies show that the average household is in over $135,000 of debt. Even without the added personal strain of an accident or illness, many consumers are living paycheck-to-paycheck, teetering on the edge every month when it comes to their budget.

Co-Signers May Find Themselves Faced with Collections Lawsuits – Beware!

Even if you trust the person you're co-signing for, circumstances out of their control could render them unable to pay. If a creditor is unable to collect from the primary borrower, they have every right to pursue the co-signer.

Student Loan Delinquencies Rise Hand in Hand with Consumer Debt

The Federal Reserve Bank of New York reported in November 2018 that student loan delinquencies had risen 9.1%, compared to the 8.6% increase in the second quarter. This spike was noted as the largest jump in seven years.

Default Judgment: Should I Just Accept It?

While you may be tempted to put off dealing with debt issues until the last minute, a quick response is the best route towards a solution. The settlement, or even defense, of a collection lawsuit might be easier than you think.

Are Private Student Loans Your Best Bet?

Private student loans can be enticing for a few reasons, particularly if you have exhausted all the federal funding, grants, and scholarships available to you.

Credit Card Debt After Chapter 7 Bankruptcy: How to Avoid It!

Not everyone who files for Chapter 7 bankruptcy is necessarily guilty of money mismanagement; illness, unemployment, or an accident may have caused their finances to spiral out of control.

Court Judgments Could Mean Pay Garnishment

While some creditors may give you some leeway due to sympathy over a serious life issue, eventually the collections activity will become aggressive. Business is business, and at the end of the day, they want their money.

Private Student Loan Borrowers May Still Be in Their Teens

As student loan debt in the US reaches over $1.5 trillion, lenders continue to fund freshman who may find themselves in such debt once they graduate that they are forced to put off life experiences such as starting families, opening businesses, and more.

Legal Articles Additional Disclaimer

Lawyer.com is not a law firm and does not offer legal advice. Content posted on Lawyer.com is the sole responsibility of the person from whom such content originated and is not reviewed or commented on by Lawyer.com. The application of law to any set of facts is a highly specialized skill, practiced by lawyers and often dependent on jurisdiction. Content on the site of a legal nature may or may not be accurate for a particular state or jurisdiction and may largely depend on specific circumstances surrounding individual cases, which may or may not be consistent with your circumstances or may no longer be up-to-date to the extent that laws have changed since posting. Legal articles therefore are for review as general research and for use in helping to gauge a lawyer's expertise on a matter. If you are seeking specific legal advice, Lawyer.com recommends that you contact a lawyer to review your specific issues. See Lawyer.com's full Terms of Use for more information.