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Chapter 13 Bankruptcy and Student Loans

Sawin & Shea

It’s no surprise then that thousands of individuals with student loan debt end up turning to bankruptcy for help. Though filing for bankruptcy may seem scary, there are many ways that it can help those drowning in debt get back on track. Will My Student Loans Be Discharged if I File for Chapter 13 Bankruptcy?

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Decoding Chapter 12 Bankruptcy: Navigating the 20-Year Treasury Bond Rate vs. National Prime Rate Dilemma in Determining Discount Rates on Secured Creditor Claims

ABI

John’s University School of Law American Bankruptcy Institute Law Review Staff Under chapter 12 of title 11 of the United States Code (the “Bankruptcy Code”), a family farmer or fisherman can restructure its debts. In a Chapter 12 bankruptcy, the debtor generally proposes a plan for repaying creditors from future earnings. [1]

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Solvent Debtors Must pay the Contractual Post-Petition Interest Rate on Unimpaired Claims

ABI

John's University School of Law American Bankruptcy Institute Law Review Staff In In re PG&E Corp. , the United States Court of Appeals for the Ninth Circuit held that solvent-debtors are required to pay unimpaired creditors their bargained for post-petition interest rate. [1] 1] In January 2019, PG&E Corp.

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Student Loan Default: Rehabilitation or Consolidation

Sawin & Shea

Consolidation will also increase your total loan amount because your new loan will include the accrued interest and collection fees. The post Student Loan Default: Rehabilitation or Consolidation appeared first on Indianapolis Bankruptcy Attorneys of Sawin & Shea. What Are the Benefits of Student Loan Rehabilitation?

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Congress Passes Relief for Student Loan Borrowers in CARES Act

Titan Consulting

A forbearance through a non-qualifying loan will continue to accrue interest during the forbearance period but could include payment relief from 3 to 24 months. Will my Federal Student Loans still be accruing interest during the payment deferral period? Contact us today at (888) 488-4517 or Apply Online now.

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Guaranty Recovery for SBA-Backed PPP Loans

Jimerson Firm

Under the SBA’s 7(a) loan program, secured lenders are generally responsible for pursuing collection against guarantors, liquidating collateral, and obtaining recovery through bankruptcy before requesting guaranty recovery. However, the SBA has recognized alternative procedures for unsecured PPP loans.

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Seven Ways to Get Out of Debt in 2022

Better Credit Blog

It may lead to bankruptcy. When there’s no other option to pay your debt, you may be forced to declare bankruptcy. Several negative implications are associated with bankruptcy, including property loss and damage to your credit score. Bankruptcy. Bankruptcy wipes out part or all your debt, but it comes with consequences.