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Should You File for Bankruptcy if a Strong Economy is Just Around the Corner

Titan Consulting

In many cases, you will lose secured assets such as your home and vehicles. Bankruptcy does not generally discharge debts associated with child support, alimony, tax obligations, or student loan debt. Federally managed student loans received an automatic six-month payment waiver.

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FAQs About Debt Management Plans

Debt Guru

Unsecured debts, such as credit cards, store cards and personal loans, can be part of your DMP. Secured debts, like your mortgage or car payments, aren’t covered. Student loans aren’t covered, either. Bankruptcy can be a potential option when you’re totally overwhelmed by your debt.