July 2014

It may seem like the lazy days of summer for many people, but July 1st brought a whirlwind of changes for those involved with higher education and student loans. One regulatory change that impacts federal student loans is the change of interest rates that became effective July 1, 2014. Although the federal fiscal year does […]

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The world of student loans had several big changes become effective July 1st. In uncanny timing, one of the changes applies to the closed school discharge, which could affect thousands of students because of the recent announcement that Corinthian College Inc. will be selling and closing the majority of its campuses. Although the U.S. Department […]

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If you have more than one mortgage on your home and you are struggling financially, it may be time to consider filing a personal bankruptcy case. Filing an individual Chapter 7, 11 or 13 bankruptcy allows you a means for comprehensively dealing with all of your creditors and potentially eliminating some, all, or the majority […]

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Can I Discharge Back Taxes in Bankruptcy?

07/15/2014
Fort Lauderdale bankruptcy attorney

It is a common misconception that taxes are never eligible to be eliminated in a bankruptcy filing. It is possible to discharge your back local, state and federal income taxes. You may also be able to discharge penalties and interest. If you have a significant amount of unpaid taxes and you are considering filing for […]

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Corinthian College Campuses Closing

07/14/2014
Ft. Lauderdale bankruptcy attorney

Corinthian Colleges Inc., based in Santa Ana, California, has announced that it will sell the majority of its campuses (at least 85 will be sold and 12 closed) over the next six months, pursuant to an agreement reached between the for-profit college and the U.S. Department of Education. Corinthian had been the recipient of approximately […]

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What to Expect at the Meeting of Creditors

07/01/2014
bankruptcy lawyer Ft. Lauderdale

Pursuant to 11 U.S.C. §341, all debtors are required to attend a “meeting of creditors” (also commonly referred to as a “341 meeting”). At the meeting, you will answer any questions the trustee has while you are under oath. Once in a while, one of your creditors may also be there to ask you questions. […]

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